October 21st, 2012 – New Feature to be added: Lending Club FolioFN support

October 21st, 2012 jasonejacks

There are currently 42,715 note listings for sale on the LendingClub note trading service known as FolioFN.

This vast selection of notes for sale represents a tremendous opportunity for LendingClub’s “value” investors. Using the P2PAnalytics algorithm, it is possible to automatically filter through all of the notes listed, apply a rank, and identify which notes are undervalued.

Over the next week, this functionality will be built out and provided by P2PAnalytics in the following way:

1. Once per week, all of the notes available on FolioFN will be downloaded, added to a spreadsheet and ranked using the P2PAnalytics selection algorithm. This spreadsheet, with a certain top percentage of notes highlighted, will be provided to P2PAnalytics subscribers.

2. After the subscribers have had a 2 week opportunity to purchase the top notes, the spreadsheet will be provided to the public via a page on the P2PAnalytics website.

3. If desired by the readers and subscribers of this website, associated charting can be provided to track the above data.

 

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One Response to “October 21st, 2012 – New Feature to be added: Lending Club FolioFN support”

  1. cadejoiner@aol.com says:
    October 21, 2012 at 9:40 pm

    Great idea!

    Reply

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