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

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:

    Great idea!

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