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Also, it's pretty instructive to look at the Lending Club grading algorithm in details. They made it public at some point. Now they are a little less transpare
by ClementM 11y ago
Also, it's pretty instructive to look at the Lending Club grading algorithm in details.
They made it public at some point. Now they are a little less transparent about it.
But some details can be found in their SEC prospectus.
I can link that up as well if you guys want.
- jlittel 11y agoI'd love to see any info. Their current offering document is here[1], but I don't see much mention of specifics. There's some detail on mapping to grades on p42 of the Aug 22 doc, as well as interest rates charged for each risk category. [1]https://www.lendingclub.com/info/prospectus.action https://www.lendingclub.com/info/prospectus.action
- ClementM 11y agoI have some details somewhere on my drive. PM me and we can talk