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Author Topic: Number of Available Loans During 24 hrs: Grades A-C and D-G

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With the much lower number of notes available in the last few weeks (I used to see around 1,100 notes total vs around 500 now) I was curious to see how the Number of Available Loans varied throughout the day and night (times are PST):


1. Most loans are posted to the website at 6 AM (06:00) , 10 AM (10:00), 2 PM (14:00), and 6 PM (18:00). However there are two small additions at 2 AM and 10 PM as well (it has been consistent for the few days that I checked).         
2. Usually, the largest fraction of  new loans is posted at 6 AM (which is not surprising since most applicants may apply after work).         
3. As expected(?) the lower grade loans (D-G) are disappearing relatively faster than the higher grade loans (A-C); e.g. between 10 AM and 2 PM, D-G dropped by 73% while A-C dropped by 29% and between 2 PM and 6 PM, D-G dropped by 68% while A-C dropped by 29% .
4. It is interesting that most notes are purchased during the day rather than than in the evening (the rate of decline is much lower after the 6 PM addition). I wonder if this is because the institutional investors are picking up most of the notes during work-hours?

EDIT: I guess that the LC Prime purchases are also happening during work-hours, and this may partly contribute to the fast decay.
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Very enlightening.  Thanks!
It's motivation to stop messing around from 7-8 (my 6-7 time here) and get to browsing!
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With my site up and running, it's been fascinating to watch how fast the picks get gobbled up. Roughly half of the picks are 70% funded within 3-5 minutes, and almost all of them are gone before the next upload. Weekend / night is slower, consistent with this.
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Yep. I'm pursuing this.
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Viking....Even though I can't buy off the Lending Club Platform, that's great research. 
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Nice charts and great research!

Makes me thankful for my east coast location... at work with my computer ready to go at nine am...
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Great analysis Viking - worthy of a post on the blog I think. Only a subset of my readers are on the forum. Can I use your charts in a post? Happy to credit you in any way you would like.
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Publisher of the Lend Academy blog

See my returns here:

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"Happy to credit you in any way you would like."

He enjoys sizeable amounts of cash.
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Wow, great research.  It looks like early birds get the worms.
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Really nice analysis Viking!  I'm glad to see that when I can check notes at night there's a higher likelihood of something being available.  Also really interesting that notes are getting published outside of the main 4 time slots.

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