Advanced Search of My Portfolio

Recently I had a startling discovery while Analyzing My Late Loans on Prosper. I made this discovery becasue it is a fairly simple thing to look at my 14 or so late loans and see their extended credit. The commonality jumped off the page. However, now I want to go back and look at my entire portfolio and see if this characteristic dominates or if the few bad apples are weeding themselves out.

I have 146 active loans and counting. Going through by hand is not an option. The easiest way to do this would be to have an advanced search on the logged in users portfolio. The current portfolio search is time based on origination date and payment status. Just add all the same search and standing order filters.

Pretty Please!

No Comments | September 30, 2007 | Filed Under Features, Prosper.com | Leave a Comment

Revolutionary Blog Contest

CyberCapital.Org, a blog that gives you latest Tech news and Firefox Tips, is going to Show your Google ads on their website for a Week. You can enter the contest by writing about it on your blog. I just did that and I’m in the contest now, Wish me luck and Join in if you want to be the winner of this Revolutionary Blog Contest.

No Comments | September 30, 2007 | Filed Under Site Review | Leave a Comment

Loaning on Lending Club For the 1st Time

So my money cleared and this morning I started to put it to work at Lending Club.

I started with LendingMatch. I reviewed the initial loans discarded half and then searched for more in the credit tranches my portfolio lacked.

Starting with the negative (ending with the positive)…

It took a long time to review each listing to make sure it had the extended credit parameters that I wanted. Advanced search is needed asap.
When searching for listings to add to an existing portfolio the search contained listings already in the portfolio. It was a bad experience to re-review a listing several times.
I can’t seem to find a way to keep my money invested. So I will have to regularly check in to make sure the listings become loans and to reinvest any proceeds.
I found enough loans, but only barely. I would have preferred a slightly different mix. Here I am just being nit picky as I never find 20 listings at a single time on Prosper. However, that is usually because of rate not credit quality.

ending with the positive…

The interface is super easy
There are a lot of fine listings. I told you I was being nit picky earlier.
All loans are autofunding. The rate you see is the rate you get.

Here is the mix of Lending Club credit grades of my initial 20 bids ($500)…

RateLadder Lending Club Portfolio Mix

A (30%)
B (5%)
C (25%)
D (5%)
E (15%)
F (10%)
G (10%)

This portfolio has a weighted average rate of 11.63% and an expected monthly payment of $16.45.

It has a risk level (what is this?) of 2/5.

I did the bidding this morning and already 3 listings have completed and are in review.

7 Comments | September 29, 2007 | Filed Under Lending Club | 7 Comments

MortgageFit — World’s Largest Mortgage Community

MortgageFit’s premise is

There is no common answer to varied mortgage issues. So as a community, our members provide personalized knowledge and guidance on mortgage and related issues.

To that end they have built and grown a community of mortgage professions, interested observers, and a public in need of answers.

Personally, I rely on Google whenever I have a question and after going through the first several pages I adjust my search. However, if after searching for a Mortgage related question I was unable to find an answer, I will now use the community discussion forum at MortgageFit. For example, there are several compelling discussions going on right now (none p2p related from what I can tell)…

They have asked if I would write on their forums about topics concerning p2p lending. While, I would be happy to do that finding appropriate topics proved elusive. Searching
“p2p” in their forum returned 0 results. Same for “Prosper”.

No Comments | September 29, 2007 | Filed Under Site Review | Leave a Comment