benaj
Member of DD Central
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Post by benaj on Jan 9, 2019 7:34:11 GMT
I recently noticed I have 2 loans from the same borrower on 2 different "investment" parts, but the lender rates are different. Has anyone experienced something similar?
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Post by sayyestocress on Jan 10, 2019 12:15:49 GMT
I recently noticed I have 2 loans from the same borrower on 2 different "investment" parts, but the lender rates are different. Has anyone experienced something similar?
Yep. I think it's down to the way the loans are funded. AIUI they assign a risk/rate to the potential borrower, then assign lenders money offering that rate first, then fill it up with higher rate offers if there's not enough of the former. Where you have two two investments that have the initial and/or higher rate offered then both can be matched depending on where they are in the queue at those rates.
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