|
Post by explorep2p on Jul 13, 2018 17:03:12 GMT
Hello Forum As you may have seen, Mintos has added a lot of new lenders recently. In our view, the quality of the new arrivals has varied a lot. You can find our updated lender ratings here: Mintos lender ratings - updated July 2018We think that Placet Group and Lime are strong and interesting additions, but there are several that look pretty early stage / high risk to us.
|
|
0risk
Member of DD Central
Posts: 217
Likes: 202
|
Post by 0risk on Jul 13, 2018 21:03:48 GMT
Thank you. This report is very helpful for me. Specially now that Mogo is buying back and I have to reallocate my funds.
|
|
|
Post by nesako on Jul 18, 2018 8:49:38 GMT
Hello Forum As you may have seen, Mintos has added a lot of new lenders recently. In our view, the quality of the new arrivals has varied a lot. You can find our updated lender ratings here: Mintos lender ratings - updated July 2018We think that Placet Group and Lime are strong and interesting additions, but there are several that look pretty early stage / high risk to us. Thanks a lot for keeping this up to date - excellent resource! Any plans to do the same for Grupeer originators? With recent Mintos cash drag, I was thinking to deploy more money there, but I have no idea whether any of their originators should be avoided or not...
|
|
|
Post by Ace on Jul 18, 2018 21:48:05 GMT
Hello Forum As you may have seen, Mintos has added a lot of new lenders recently. In our view, the quality of the new arrivals has varied a lot. You can find our updated lender ratings here: Mintos lender ratings - updated July 2018We think that Placet Group and Lime are strong and interesting additions, but there are several that look pretty early stage / high risk to us. Thanks a lot for keeping this up to date - excellent resource! Any plans to do the same for Grupeer originators? With recent Mintos cash drag, I was thinking to deploy more money there, but I have no idea whether any of their originators should be avoided or not... If you plan to use Grupeer's Auto-invest tool you might like to read this thread first. Basically it's not good at diversification.
|
|
|
Post by explorep2p on Jul 20, 2018 19:24:57 GMT
Hello Forum As you may have seen, Mintos has added a lot of new lenders recently. In our view, the quality of the new arrivals has varied a lot. You can find our updated lender ratings here: Mintos lender ratings - updated July 2018We think that Placet Group and Lime are strong and interesting additions, but there are several that look pretty early stage / high risk to us. Thanks a lot for keeping this up to date - excellent resource! Any plans to do the same for Grupeer originators? With recent Mintos cash drag, I was thinking to deploy more money there, but I have no idea whether any of their originators should be avoided or not... Hi Nesako. We are actually in the middle of discussions with the management of both Grupeer and Peerberry to provide similar ratings. We need the data / information of all their loan originators first however. Talks are currently positive and hope to launch both in the coming few months.
|
|
|
Post by Ace on Jul 20, 2018 22:13:05 GMT
Thanks a lot for keeping this up to date - excellent resource! Any plans to do the same for Grupeer originators? With recent Mintos cash drag, I was thinking to deploy more money there, but I have no idea whether any of their originators should be avoided or not... Hi Nesako. We are actually in the middle of discussions with the management of both Grupeer and Peerberry to provide similar ratings. We need the data / information of all their loan originators first however. Talks are currently positive and hope to launch both in the coming few months. That's great news explorep2p. Any plans to rate originators on Robocash?
|
|
|
Post by geldregiertdiewelt on Aug 29, 2018 8:58:48 GMT
Mintos just introduced a rating for the originators on their platform, see www.mintos.com/en/mintos-ratings/ Looks like a reasonable additional information for making investment decisions. Might result in need for not-so-good rated originators to offer higher rates, to compensate for the now "officially" published inherent risk they carry.
|
|
toffeeboy
Member of DD Central
Posts: 505
Likes: 362
|
Post by toffeeboy on Aug 29, 2018 12:36:54 GMT
Not too sure about the ratings only being updated annually though, suggests information could quite easily be out of date. I would have thought information this important would be reviewed on a monthly basis for any changes.
|
|
|
Post by geldregiertdiewelt on Aug 29, 2018 14:44:39 GMT
Not too sure about the ratings only being updated annually though, suggests information could quite easily be out of date. I would have thought information this important would be reviewed on a monthly basis for any changes. No way. Just consider the workload of monthly reporting and checking on that level. Would require considerable resources @ originators and @ Mintos, with little chance that things have changed a lot. I agree that for the young originators, that have just started operations in 2016 or even later, a more frequent, say quarterly, update would be nice, but still that would be more work than potential discovery. Keep in mind, this new rating is a service for us investors, who (so far) pay nothing for using Mintos. And: Just by introducing the rating Mintos IMO creates some pressure on originators to be more transparent and up to date on where they stand financially themselves. Investor money will flow now not only based on interest rates and loan terms, but also on originator rating. The more information you have, the better the decisions you can make as a participant on this money market, which Mintos basically is.
|
|
andy2001
Member of DD Central
Posts: 361
Likes: 34
|
Post by andy2001 on Aug 29, 2018 15:01:41 GMT
Some lenders on the Mintos official rating are given 2 ratings instead of one. Like Mogo A and B. So what's that about?
|
|
toffeeboy
Member of DD Central
Posts: 505
Likes: 362
|
Post by toffeeboy on Aug 29, 2018 16:10:25 GMT
Not too sure about the ratings only being updated annually though, suggests information could quite easily be out of date. I would have thought information this important would be reviewed on a monthly basis for any changes. No way. Just consider the workload of monthly reporting and checking on that level. Would require considerable resources @ originators and @ Mintos, with little chance that things have changed a lot. I agree that for the young originators, that have just started operations in 2016 or even later, a more frequent, say quarterly, update would be nice, but still that would be more work than potential discovery. Keep in mind, this new rating is a service for us investors, who (so far) pay nothing for using Mintos. And: Just by introducing the rating Mintos IMO creates some pressure on originators to be more transparent and up to date on where they stand financially themselves. Investor money will flow now not only based on interest rates and loan terms, but also on originator rating. The more information you have, the better the decisions you can make as a participant on this money market, which Mintos basically is. As you say it is a free service that they are supplying and it is greatly appreciated but I think offering data a rating that could be up to a year out of date is not timely enough. For data to be worthwhile it has to be up to date. From what I have read it seems that there isn't an abundance of data that is used to calculate the rating and what is there to stop Mintos having the originators do most of the work and have them supply the information. All they then need to do is feed it into their algorithm and out pops a rating that automatically updates on the website.
If an originator doesn't supply the information then that forms part of the rating calculation as well and the rating gets worse the older the information that is being used is.
|
|
|
Post by wiseclerk on Aug 29, 2018 16:29:15 GMT
Some lenders on the Mintos official rating are given 2 ratings instead of one. Like Mogo A and B. So what's that about? You can see in the details the differentiation by country/subsidary
|
|
|
Post by explorep2p on Aug 29, 2018 16:40:16 GMT
Not too sure about the ratings only being updated annually though, suggests information could quite easily be out of date. I would have thought information this important would be reviewed on a monthly basis for any changes. No way. Just consider the workload of monthly reporting and checking on that level. Would require considerable resources @ originators and @ Mintos, with little chance that things have changed a lot. I agree that for the young originators, that have just started operations in 2016 or even later, a more frequent, say quarterly, update would be nice, but still that would be more work than potential discovery. Keep in mind, this new rating is a service for us investors, who (so far) pay nothing for using Mintos. And: Just by introducing the rating Mintos IMO creates some pressure on originators to be more transparent and up to date on where they stand financially themselves. Investor money will flow now not only based on interest rates and loan terms, but also on originator rating. The more information you have, the better the decisions you can make as a participant on this money market, which Mintos basically is. The interesting thing is that Mintos are now acknowledging for the first time the huge variation in the quality of their lenders, and the importance of the lender being solid. That's been our point all along. Up to now, Mintos have only sent out press releases on how great each new lender is that they have added to the platform!
|
|
fric
Member of DD Central
Posts: 199
Likes: 79
|
Post by fric on Aug 30, 2018 5:25:19 GMT
Not too sure about the ratings only being updated annually though, suggests information could quite easily be out of date. I would have thought information this important would be reviewed on a monthly basis for any changes. There is no real way to update the ratings like on a monthly basis since most of the analysis come from annual reports (both non-audited versions and audited versions). At the very best, they could do it like quarterly, but even that would mean to push the loan originators to have decent non-audited quarterly reports...
|
|
|
Post by jonpiu on Oct 26, 2018 9:45:40 GMT
I've been seeing a lot of Capital Service loans entering the secondary market without any premium. Their interest rate is 12% and they have buyback guarantee, so it seems like a good deal.
Anyone knows why?
|
|