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Author Topic: Loan Issue Delays?

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Loan Issue Delays?
OP: March 24, 2013, 11:00:00 PM
Dear P2P Veterans,

Has anyone else see/heard of issuance delays recently?  I used LC 3 years ago, and it took about a week to post, fund, get verified, and get my loan approved.  It took 2 days for the loan to issue.  Fast forward to today, and it took me <3 days to post, fund, get verified, and get my loan approved.  It's been a week and still the loan has not issued?

Are there IT/processing issues going on?  :o
Are there limits to the number of loans that can be issued in a day thus causing an IT backlog?


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Loan Issue Delays?
#2: March 25, 2013, 11:00:00 PM
I agree with zpbsfg. I think the delay has more to do with manpower. Three years ago Lending Club was doing 1/20 the loan volume they do today and with their recent rapid growth they seem to be always behind on originating loans. The flipside is that loans are funding much faster than before on average. All I can say is be patient.
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