Yes indeed. The last two weeks, my filter just stopped producing loans. I've bought a few loans during this time only by looking for loans that came close to my filter, and then I could only find maybe 1 every other day.
Obviously something has changed. Often these things are temporary, but they are puzzling. You may have noted that the # loans on the web site has gone down steadily over the last two weeks. You can see this hour by hour!
I called my LC rep on Wednesday and asked her what they were doing. She said I was not the only person to make this complaint. Said she believes the issue is that this season there is light borrower demand. I'm always skeptical, because these reps tend to simply repeat "the party line" on some issue, so I don't feel satisfied by her explanation. However, it could be correct.
Here's an entirely-made-up-but-plausible explanation: Suppose a new (but considered important) institutional customer has just arrived, and is trying to deploy $182 Million. He complains that there isn't enough product, so LC turns the knob, shifting a higher fraction of loan volume to the whole-loan platform, and gives us peanuts for awhile. If this is did happen, then it would be important that LC receive complaints from the fractional-loan community, so that they can observe pain from starving us.
Now I don't know whether that happened or not, but I hope it explains my view that it is important that you call LC and tell them when there is a problem.
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