stevio
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Post by stevio on Nov 14, 2017 22:18:31 GMT
We'll probably never know why these loans were pulled but we trust that ablrate have done the right thing. Anyway, I like to think this is Forum 1 : ProClub 0 in terms of DD Edit: I meant this forum, of course Whilst there is no reason given for withdrawal, I wonder why you choose to instigate devision? There are Proclub members who are also members of this forum (some at moderator level) and contributed to this very thread Personally, I welcome any group that spends there own personal time, so others don't have too, weeding out the chaff from the wheat. Also any platform that would look to form such a group to help increase the quality of their loans. We all know most platforms don't even ask for feedback, let alone go to the time and effo rt of setting up a focus panel to help improve the service they offer to all lender's I'm sure David would be happy to add you if you feel your somehow missing out. That seems an adult approach to your obvious missgivings
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blender
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Post by blender on Nov 14, 2017 22:40:17 GMT
We'll probably never know why these loans were pulled but we trust that ablrate have done the right thing. Anyway, I like to think this is Forum 1 : ProClub 0 in terms of DD Edit: I meant this forum, of course Whilst there is no reason given for withdrawal, I wonder why you choose to instigate devision? There are Proclub members who are also members of this forum (some at moderator level) and contributed to this very thread Personally, I welcome any group that spends there own personal time, so others don't have too, weeding out the chaff from the wheat. Also any platform that would look to form such a group to help increase the quality of their loans. We all know most platforms don't even ask for feedback, let alone go to the time and effo rt of setting up a focus panel to help improve the service they offer to all lender's I'm sure David would be happy to add you if you feel your somehow missing out. That seems an adult approach to your obvious missgivings
The purpose is admirable, the lack of openness and transparency is not, imo. I rather thought that there must be members contributing to this thread without declaring involvement. I would hope that those who have a consultative relationship with the platform would like to make it known when contributing. It must be a free consultation with no incentives, or rule 6 would apply and it would be declared here. So we know at least that there can be no financial incentive.
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Post by GSV3MIaC on Nov 15, 2017 10:52:01 GMT
There are Proclub members who are also members of this forum (some at moderator level) and contributed to this very thread Really? A quick scout round the premises here has so far failed to turn up any mods in ABLRate's Pro Club, but if you know different, please feel free to name them (by PM if you like) - ideally (for purposes of forum clarity) we'd like them to be badged as such, just as members of DDC are spelled out.
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SteveT
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Post by SteveT on Nov 15, 2017 11:03:54 GMT
There are Proclub members who are also members of this forum (some at moderator level) and contributed to this very thread Really? A quick scout round the premises here has so far failed to turn up any mods in ABLRate's Pro Club, but if you know different, please feel free to name them (by PM if you like) - ideally (for purposes of forum clarity) we'd like them to be badged as such, just as members of DDC are spelled out. If it turns out, as I believe, that so-called "Pro-Club" lenders simply get access to pipeline loan documents a few days early (then being invited to share observations and questions with ABL by email), have no visibility as to who the other "Pro-Club" members may be nor any means of discussing loans with them, and receive no payment or advantage over other ABL lenders (beyond early document access), would you still want to badge them and why? Underwriters on Assetz Capital (just as an example) aren't asked to self-declare, where there IS an obvious financial advantage / self-interest, so why the sensitivity here?
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blender
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Post by blender on Nov 15, 2017 11:31:12 GMT
If it were defined, rather than a matter of 'belief', then people could make such decisions about it, Steve. At present it is a secret club, which I 'believe' has been formed by recruiting members of the forum. All we have is the name, and a message of thanks.
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elliotn
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Post by elliotn on Nov 15, 2017 11:33:39 GMT
Perhaps pro-club could be hived off from the main loan thread (or now the loans no longer exist re-badge this one!).
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elliotn
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Post by elliotn on Nov 15, 2017 11:37:52 GMT
If it were defined, rather than a matter of 'belief', then people could make such decisions about it, Steve. At present it is a secret club, which I 'believe' has been formed by recruiting members of the forum. All we have is the name, and a message of thanks.
I'm not sure abl know who the forum members are, perhaps they invite based on their own lenders and active investors happen to overlap here anonomously, I can't imagine David spending his time PMing people on fora to join when he has so much on his plate. Also it's not secret from what I can tell as abl explained how underwritten amounts were made on here to dan1 a couple of months ago as well as the email confirmation. David explianed that the system being trialled with u/w's might also be rolled out in the UI overhaul coming shortly. AC have used underwiters that also happen to have been members of this forum, Ly have used u/w's, FS front load the bids of their BHs in popular loans who, yes, may also research online including this forum. I think talk of furtive, Masonic clubs recruited in smoky PM chains is a bit off the mark when use of u/w's seems quite common industry practise. Disclaimer - I never have been (and presumably never will be able to afford to be) a platform underwriter.
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rogerbu
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Post by rogerbu on Nov 15, 2017 12:06:12 GMT
Has anyone received the instant returns due on this loan being cancelled 1 day after we all invested in it?
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Post by dan1 on Nov 15, 2017 12:09:44 GMT
Has anyone received the instant returns due on this loan being cancelled 1 day after we all invested in it? Nope, where's my few pence Seriously though (note the smiley - it was tongue in cheek!), our cash was committed for less than 24 hrs even though it transitioned a day. I can't get too excited about it but every little helps
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macq
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Post by macq on Nov 15, 2017 12:28:58 GMT
with all the talk of people rumored to have looked at these loans before launch including - pro club,forum members,break away forum members,underwriters & BH among others(and grateful for their input).I would love to know what was found after the loan was live within a few business hours that was not spotted before surely it was not just a goggle search result
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Post by peerlessperil on Nov 15, 2017 13:07:08 GMT
If the "pro-club" had prior view of the fishy loan then give me the amateurs any day.
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blender
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Post by blender on Nov 15, 2017 13:23:39 GMT
Has anyone received the instant returns due on this loan being cancelled 1 day after we all invested in it? My understanding is that the system updates your instant returns entitlement every 24 hours after you make the bid. Because it was cancelled within 24 hours, the system has given us all nothing. In my view this conflicts with the statement in the T&Cs, but I gave up muttering about this long ago.
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registerme
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Post by registerme on Nov 15, 2017 13:31:57 GMT
Has anyone received the instant returns due on this loan being cancelled 1 day after we all invested in it? My understanding is that the system updates your instant returns entitlement every 24 hours after you make the bid. Because it was cancelled within 24 hours, the system has given us all nothing. In my view this conflicts with the statement in the T&Cs, but I gave up muttering about this long ago. I think you're right. Equally the loss of a day's interest on (up to) a couple of grand pails into insignificance compared to some unknown that turned out to be important enough that it warranted pulling the loans. Put it another way, had the loans launched and we subsequently found something pongy I would have paid seventy odd pence to get out at par in a second.
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duck
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Post by duck on Nov 15, 2017 13:53:55 GMT
Are the Mods and Admins obliged to tell you - or just generally disclose it - if they were? (I'm presuming you also asked admins? If not ... ) ....... In light of the new found need for transparency I hereby declare that 1. I am a moderator of a motorcycle forum. 2. I partake in discussion groups concerning recovery and processing of nucl**r waste (redacted due to internet spiders and the OSA) Phew I feel better for that ......
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huxs
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Post by huxs on Nov 15, 2017 14:17:11 GMT
Are the Mods and Admins obliged to tell you - or just generally disclose it - if they were? (I'm presuming you also asked admins? If not ... ) ....... In light of the new found need for transparency I hereby declare that 1. I am a moderator of a motorcycle forum. 2. I partake in discussion groups concerning recovery and processing of nucl**r waste (redacted due to internet spiders and the OSA) Phew I feel better for that ...... Also in light of the new found need for transparency I hereby declare that: "I'm Spartacus "
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