Ukmikk
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Loanpad
Dec 10, 2019 13:52:34 GMT
via mobile
Post by Ukmikk on Dec 10, 2019 13:52:34 GMT
Loanpad - pleased to see the changes you've made today in the Live Data Feed summary display - particularly the acknowledgement that there are effectively really only 20 distinct loans on the platform (not the nearly forty previously reported) , and the inclusion of the ICF statistics. Thank you. Good news indeed. It does beg the question, how is diversification to be improved? Loanpad, could you please update on plans for improving diversification of loans and bringing in additional lending partners, something which has been alluded to but not materialised. Many thanks. ?
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Post by Loanpad on Dec 10, 2019 15:19:52 GMT
Loanpad , the latest tranche of 9426260 appears in the 'My Loanbook' list without the ' b' suffix, although the linked loan report is the updated version. mrclondon reported a similar issue on the 3rd December with the 'b' tranche of 9387303. As in that previous case, this causes problems for me too with my use of the download.
PS: and the same problem with the new tranche of 9337867 !!
Hi baldpate this has now been updated
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Post by Loanpad on Dec 10, 2019 15:23:11 GMT
The loanpad website is rubbish today trying to turn on autolend after it was automatically disabled but I can't. Hi IFISAcava apologies. We had a large number of investors log in after sending the reminder email hence the slowness/getting logged out. We have now fixed the issue so the site should be up to usual speed and hopefully shouldn’t happen again.
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Post by Loanpad on Dec 10, 2019 15:52:34 GMT
Good news indeed. It does beg the question, how is diversification to be improved? Loanpad , could you please update on plans for improving diversification of loans and bringing in additional lending partners, something which has been alluded to but not materialised. Many thanks. ? Hi Ukmikk diversification will continue to grow as our investor base grows, we only launched earlier this year
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Ukmikk
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Posts: 452
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Loanpad
Dec 10, 2019 16:16:41 GMT
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Post by Ukmikk on Dec 10, 2019 16:16:41 GMT
Hi Ukmikk diversification will continue to grow as our investor base grows, we only launched earlier this year And what about additional lending partners?
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Ukmikk
Member of DD Central
Posts: 452
Likes: 306
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Loanpad
Dec 11, 2019 14:35:47 GMT
via mobile
Post by Ukmikk on Dec 11, 2019 14:35:47 GMT
Hi Ukmikk diversification will continue to grow as our investor base grows, we only launched earlier this year And what about additional lending partners? I'm puzzled Loanpad? I would have thought that this was a reasonable question. Whatever plans you do or do not have will have a bearing on my investment plans. Thanks.
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Post by Loanpad on Dec 11, 2019 15:14:13 GMT
And what about additional lending partners? I'm puzzled Loanpad ? I would have thought that this was a reasonable question. Whatever plans you do or do not have will have a bearing on my investment plans. Thanks. Hi Ukmikk it is a reasonable question and we’re happy to try and add some context Our current lending partner has been in this market for c. 40 years. During that time, as you would expect, they have built an incredible client base of top property investors and developers. To this base, they are the lender of first resort and they are overwhelmed with repeat business. Using their existing client base (no brokers) and the Loanpad structure, they can readily increase their loanbook substantially without moving out of their extreme comfort zone. This also enables Loanpad to increase its participation considerably, whilst still being hugely sheltered from any losses. It would make little sense not to capitalise on that as far as is possible to our collective benefit (investors, Loanpad, lending partner and borrowers). As a business, of course we do not want to be reliant on just one source of origination and so we will be expanding this in due course. But we want to work with the best originators (for loan quality, volume and skin in the game purposes) and the above will enable us to do so before long. For lenders on the platform, we believe this accords with our aims of having simple and lower-risk P2P products and that will always be our primary focus. Hope that helps to explain ...
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littleoldlady
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Running down all platforms due to age
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Post by littleoldlady on Dec 11, 2019 17:41:42 GMT
Loanpad you have carved out a niche at the low risk/low return end of the market. Please don't do anything to increase risks. there are plenty of other platforms offering higher return loans to the foolhardy adventurous.
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djg
Posts: 18
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Post by djg on Dec 11, 2019 17:52:42 GMT
I agree with littleoldlady. I'm happy for Loanpad to continue as they've been doing, expanding the loan book as and when they see fit.
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Ukmikk
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Posts: 452
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Loanpad
Dec 11, 2019 17:56:32 GMT
via mobile
Post by Ukmikk on Dec 11, 2019 17:56:32 GMT
I'm puzzled Loanpad ? I would have thought that this was a reasonable question. Whatever plans you do or do not have will have a bearing on my investment plans. Thanks. Hi Ukmikk it is a reasonable question and we’re happy to try and add some context Our current lending partner has been in this market for c. 40 years. During that time, as you would expect, they have built an incredible client base of top property investors and developers. To this base, they are the lender of first resort and they are overwhelmed with repeat business. Using their existing client base (no brokers) and the Loanpad structure, they can readily increase their loanbook substantially without moving out of their extreme comfort zone. This also enables Loanpad to increase its participation considerably, whilst still being hugely sheltered from any losses. It would make little sense not to capitalise on that as far as is possible to our collective benefit (investors, Loanpad, lending partner and borrowers). As a business, of course we do not want to be reliant on just one source of origination and so we will be expanding this in due course. But we want to work with the best originators (for loan quality, volume and skin in the game purposes) and the above will enable us to do so before long. For lenders on the platform, we believe this accords with our aims of having simple and lower-risk P2P products and that will always be our primary focus. Hope that helps to explain ... So, short answer; no current plans. Which is useful to know, thank you.
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Ukmikk
Member of DD Central
Posts: 452
Likes: 306
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Loanpad
Dec 11, 2019 18:01:27 GMT
via mobile
Post by Ukmikk on Dec 11, 2019 18:01:27 GMT
Loanpad you have carved out a niche at the low risk/low return end of the market. Please don't do anything to increase risks. there are plenty of other platforms offering higher return loans to the foolhardy adventurous. I agree, and removing the dependancy and concentration on a single source of loans would, IMHO, represent a de-risking of the portfolio.
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littleoldlady
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Running down all platforms due to age
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Post by littleoldlady on Dec 11, 2019 18:43:21 GMT
Loanpad you have carved out a niche at the low risk/low return end of the market. Please don't do anything to increase risks. there are plenty of other platforms offering higher return loans to the foolhardy adventurous. I agree, and removing the dependancy and concentration on a single source of loans would, IMHO, represent a de-risking of the portfolio. Well it might, but only if the new partner was as good as the current one. We have seen other platforms start cautiously and successfully and then success has gone to their heads and they have tried to expand with bad results for loyal lenders.
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Ukmikk
Member of DD Central
Posts: 452
Likes: 306
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Loanpad
Dec 12, 2019 9:23:43 GMT
via mobile
Post by Ukmikk on Dec 12, 2019 9:23:43 GMT
I agree, and removing the dependancy and concentration on a single source of loans would, IMHO, represent a de-risking of the portfolio. Well it might, but only if the new partner was as good as the current one. We have seen other platforms start cautiously and successfully and then success has gone to their heads and they have tried to expand with bad results for loyal lenders. Good point, although I think it may be a bit soon to judge how 'good' the current partners are. Indeed there have been concerns expressed about their direction with changes in leadership and ageing current directors. I think diversification of partners as well as projects would be sensible. I look forward to investing further if and when that happens.
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littleoldlady
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Post by littleoldlady on Dec 12, 2019 9:48:36 GMT
Well it might, but only if the new partner was as good as the current one. We have seen other platforms start cautiously and successfully and then success has gone to their heads and they have tried to expand with bad results for loyal lenders. Good point, although I think it may be a bit soon to judge how 'good' the current partners are. Indeed there have been concerns expressed about their direction with changes in leadership and ageing current directors. I think diversification of partners as well as projects would be sensible. I look forward to investing further if and when that happens. Also good points. Hmmm.
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baldpate
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Post by baldpate on Jan 24, 2020 13:16:14 GMT
Hi Loanpad , are there plans to fix the error on the Live Data Feed page any time soon, or are you waiting to batch it up with a future software release? I mean the error which is understating the Live Loan Number. It's been wrong for some weeks now, and has just dropped to 20, whereas I believe the correct figure is still 23. I beleive the Average Loan Size figure is being overstated as a result.
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