Lending Club data cuts force P2P code rewrite

Lending Club
By Will Caiger-Smith
11 Nov 2014

An unexpected move by Lending Club to reduce the number of data points it publishes about its loans has rattled the peer-to-peer investment community. The changes could make it harder for institutional investors — some of which have securitized these assets — to generate better returns by using coding technology to select the loans they want.

Many sophisticated investors that acquire loans from Lending Club and other marketplace lending platforms use an application programming interface (API) to select loans from the platforms’ portfolios that meet their own criteria, based on the data points available about borrowers.

Lending Club used ...

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