Lending Club On
pace for record Month
If you haven't
noticed, lending club is on an
absolute tear. When I started
really looking at lending club a few
months ago, they were doing $40M per
month in loans. This month,
they may source over $100M in loans.
That a $135%+ growth Rate...
If you search Prosper.com and
endorsements on your favorite search
engine, you'll find some interesting
metrics from 2008ish that indicate
that borrowers with one endorsement
are 35% less likely to default, and
borrowers with two endorsements are
50% less likely to default, as
compared to comparable borrowers...
So I search on Google,
and as soon as I try to click my top
result, a few latent advertisements
show up on my screen. I
occasionally click on one o of these
advertisements by accidents - which
really sucks. That latency
cost some poor advertiser their
marketing dollars. Part of me
thinks that this is intentional..and
as it happens, I think that sucks.
Why cost customers their time and
their advertisers their dollars....