metoo
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Post by metoo on May 18, 2017 2:20:29 GMT
I checked my email. When l deposit or withdraw money MT does email me but not for anything else. The mailing-list emails come via mcsv.net. Try adding them to your email account or spam filter's trusted sender list following the instructions link given by @new2p2p .
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Post by MoneyThing on May 18, 2017 5:49:16 GMT
I checked my email. When l deposit or withdraw money MT does email me but not for anything else. Morning. If you drop us a quick email (or PM me), we will check that you are on the mailing list (as you might have opted out when you initially registered). Deposit & withdrawal emails (as opposed to new loan, pipeline, company announcements, etc.), are sent by the platform which ignores any opt-outs or unsubscribes. Regards, Ed
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metoo
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Post by metoo on May 19, 2017 15:58:09 GMT
Email from Lendy showing their loan on this land now repaid while MTAU712 is still only 75% funded but enough to cover Lendy. MT were able to make this Friday payment as planned (mentioned in the email to MT lenders on Tuesday). Borrowers must be impressed by the speed of execution p2p can deliver to meet tight deadlines.
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elliotn
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Post by elliotn on May 20, 2017 0:13:59 GMT
Borrowers must be impressed by the speed of execution p2p can deliver to meet tight deadlines. Yep, that'll be one of the attractions to the borrowers, but let's hope their desire (demand?) for quick approval and financing doesn't encourage (force?) the platform to take shortcuts on their DD elements of the process. As mentioned up-thread, the recycling of Lendy's VR from October of last year isn't something I'd want to see repeated - it kind of of smacks of a "that'll do" attitude and is not something I've come to associate with MT. well done on paying the borrower after 2 days as you proposed - who 'owns' the 25% unsold?
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Post by MoneyThing on May 20, 2017 8:36:40 GMT
Yep, that'll be one of the attractions to the borrowers, but let's hope their desire (demand?) for quick approval and financing doesn't encourage (force?) the platform to take shortcuts on their DD elements of the process. As mentioned up-thread, the recycling of Lendy's VR from October of last year isn't something I'd want to see repeated - it kind of of smacks of a "that'll do" attitude and is not something I've come to associate with MT. well done on paying the borrower after 2 days as you proposed - who 'owns' the 25% unsold? Morning. The balance is being held temporarily by a private investor. Regards, Ed.
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spiral
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Post by spiral on May 20, 2017 9:56:29 GMT
Is there a reason why the SM has not been enabled for this loan?
If I'm reading correctly, the funds on offer are in effect a SM placement from an "underwriter".
In fact I've never really understood why the SM could not be enabled immediately after launch as MT's/underwriters offerings would always have been at the front of the queue and therefore being sold before anyone that bought at 16:00 and placed on the market at 16:01 anyway.
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archie
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Post by archie on May 20, 2017 10:01:58 GMT
Is there a reason why the SM has not been enabled for this loan? If I'm reading correctly, the funds on offer are in effect a SM placement from an "underwriter". In fact I've never really understood why the SM could not be enabled immediately after launch as MT's/underwriters offerings would always have been at the front of the queue and therefore being sold before anyone that bought at 16:00 and placed on the market at 16:01 anyway. Momentum  As a loan reduces towards zero availability there is a pull to invest to get the last bits. If people are adding to the queue that wouldn't help it complete.
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GeorgeT
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Post by GeorgeT on May 20, 2017 10:10:07 GMT
Ed Thing's biggest strengths are his competence and efficiency and thoroughness. On the other hand another bigger platform's strength is the fact that they are pushy and a bit aggressive in the market and they win a lot of business and push it thru ultra fast and don't care so much about getting the finer details exactly right. Ed hasn't got the full FCA seal of approval on his wall for nothing and it was a thoroughly deserved accolade. I think it is certainly the case that if this sector does survive any forthcoming downturn and continues to prosper and grow that Ed could be in line for a tap on the shoulder from Her Majesty, or some other honour, for being a pioneer in the alternative finance sector and running the Supreme operation therein.
Although it has been frustrating of late because of the lack of new loans coming through I have to say the pipeline is a little more appealing with regards to today and early next week and while I cannot invest quite as much here as I would like and take full advantage of Ed's excellence, I have to say that having a reasonably sized 5 figure sum tucked away under Ed's careful stewardship is something that helps me to sleep at night. The slightest change to anything and Ed brings it to our attention immediately and offers us all our money back. I felt that frequent flyer Ed was a man I could trust from day one. I cannot believe there are not more investors with MT but then again I'm very glad there aren't because it's hard enough getting a bigger stake on MT than other platforms as it is without more people to compete with.
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gt94sss2
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Post by gt94sss2 on May 20, 2017 13:05:38 GMT
In fact I've never really understood why the SM could not be enabled immediately after launch as MT's/underwriters offerings would always have been at the front of the queue and therefore being sold before anyone that bought at 16:00 and placed on the market at 16:01 anyway. If I recall correctly, it was as a result of comments on this board that the SM is not enabled until a loan was 100% taken up - it was a while ago and might have been to do with some of the loans where MT offered cashback - perhaps to avoid the confusion Collateral have with their recent cashback offer over who qualifies where they allowed SM trading immediately
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elliotn
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Post by elliotn on May 20, 2017 15:04:28 GMT
MoneyThing well done on paying the borrower after 2 days as you proposed - who 'owns' the 25% unsold? Morning. The balance is being held temporarily by a private investor. Regards, Ed. Thanks MoneyThing. May I ask why this is showing as Primary Market?
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am
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Post by am on May 20, 2017 15:45:32 GMT
Morning. The balance is being held temporarily by a private investor. Regards, Ed. Thanks MoneyThing . May I ask why this is showing as Primary Market? I interpret "private investor" as meaning an underwriter.
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star dust
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Post by star dust on May 20, 2017 16:14:24 GMT
Morning. The balance is being held temporarily by a private investor. Regards, Ed. Thanks MoneyThing . May I ask why this is showing as Primary Market? That's one advantage of the Lendy approach, a seamless SM with underwritten loan parts ranked behind us mere mortals in the sales queue. I guess this one wanted the temporary to be as temporary as possible, and even if the SM were opened up I presume all sales would rank behind them anyway.
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elliotn
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Post by elliotn on May 20, 2017 16:14:37 GMT
Thanks MoneyThing . May I ask why this is showing as Primary Market? I interpret "private investor" as meaning an underwriter. Yes, once fully funded the loan was drawn down by the borrower on Fri; so if this is no longer MT selling to us should these not be be coded as secondary sales?
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archie
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Post by archie on May 20, 2017 16:59:34 GMT
I interpret "private investor" as meaning an underwriter. Yes, once fully funded the loan was drawn down by the borrower on Fri; so if this is no longer MT selling to us should these not be be coded as secondary sales? I'd say not. That might cause panic if a large chunk suddenly appears to be on the sm (not all investors read this forum). Wouldn't surprise me if the investor was somehow linked to Broadoak and they're just helping out.
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elliotn
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Post by elliotn on May 21, 2017 0:45:43 GMT
Yes, once fully funded the loan was drawn down by the borrower on Fri; so if this is no longer MT selling to us should these not be be coded as secondary sales? I'd say not. That might cause panic if a large chunk suddenly appears to be on the sm (not all investors read this forum). Wouldn't surprise me if the investor was somehow linked to Broadoak and they're just helping out. I'm more interested in understanding MT transparency under their new T&C, they can explain this in the drawdown email they sent to investors telling us the borrower has already been paid. The private individual could always release in manageable chunks if they had concerns about market reaction. MoneyThing can you please ensure under your new terms and conditions that investors are made aware when we are buying loans from the platform and when we are buying from private individuals. It's a compliance thing .
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