Mr_N
Posts: 222
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Post by Mr_N on Nov 15, 2018 19:34:29 GMT
What on Earth has Lendy done to it's website, and why?
Surely the focus should be on recoveries, not tarting up the visual appearance of a platform filled with defaulted loans and distressed debt?
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spring
New Member
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Post by spring on Nov 15, 2018 19:48:29 GMT
Probably best not putting the IT team on recoveries.
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Post by picanto on Nov 15, 2018 20:26:50 GMT
Different people in Lendy have different jobs to do. I don't see anything wrong with Lendy updating their website.
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Post by Deleted on Nov 15, 2018 20:30:55 GMT
One might argue that software techies arrogantly thinking they are property experts is exactly what led to this mess in the first place...
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baldpate
Member of DD Central
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Post by baldpate on Nov 15, 2018 21:26:21 GMT
What on Earth has Lendy done to it's website, and why? You must be getting a selective preview. I've just logged in on three different browsers (one from which I've never before accessed Lendy) and I don't see anything different. Can you describe what has been changed?
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Post by picanto on Nov 15, 2018 22:26:20 GMT
What on Earth has Lendy done to it's website, and why? You must be getting a selective preview. I've just logged in on three different browsers (one from which I've never before accessed Lendy) and I don't see anything different. Can you describe what has been changed? There is a different homepage with three different sections; Self-select, Lendy Wealth and borrowers.  
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Godanubis
Member of DD Central
Anubis is known as the god of death and is the oldest and most popular of ancient Egyptian deities.
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Post by Godanubis on Nov 15, 2018 23:30:03 GMT
One might argue that software techies arrogantly thinking they are property experts is exactly what led to this mess in the first place... A little harsh I think. They do employ the "professionals" for advice. 
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jonbvn
Member of DD Central
Posts: 326
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Post by jonbvn on Nov 15, 2018 23:53:15 GMT
What on Earth has Lendy done to it's website, and why? Surely the focus should be on recoveries, not tarting up the visual appearance of a platform filled with defaulted loans and distressed debt? Rearranging deck-chairs on the Titanic 
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Post by df on Nov 16, 2018 0:21:23 GMT
The one I liked most is "We provide fast finance for the small to the very big, and from the ordinary to the extraordinary." - very true.
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sussexlender
Member of DD Central
Cheat seeking missile
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Post by sussexlender on Nov 16, 2018 9:00:52 GMT
Yes they "provide it" using other peoples / investors money - which they are failing to protect or get back.
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invester
P2P Blogger
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Post by invester on Nov 16, 2018 9:39:20 GMT
Either they are doing no business at all or all the new deals are being swept up for Wealth. I think the latter might be unlikely. Giving over £10k to a company whose reputation is bad at the moment seems poor value. It is a waste of time any property-backed P2P site advertising a headline rate because it doesn't happen in most circumstances and I think it would benefit investors if further rates appeared alongside it: estimated rates and also historic rates.
Obviously Lendy wouldn't like to do this. If you invested in every single loan on the platform you might be looking at break-even assuming recoveries play out at a decent rate.
I can't see why they haven't dropped their fees to become more competitive and give investors some deals.... they must be carrying a relatively high level of expenses. A good new loan would still fill pretty quick on here, IMO.
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averageguy
Member of DD Central
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Post by averageguy on Nov 16, 2018 9:57:05 GMT
Probably best not putting the IT team on recoveries. Oh I dunno ..probably couldn't do any worse than the current lot
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Post by loftankerman on Nov 16, 2018 11:55:12 GMT
They've got an IT department and new products available, what else should they do, other than get their heads down and work through it ?
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Mr_N
Posts: 222
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Post by Mr_N on Nov 16, 2018 14:24:53 GMT
They've got an IT department and new products available, what else should they do, other than get their heads down and work through it ? Service existing lenders, rather than attempting to attract more for different offerings.
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Post by loftankerman on Nov 16, 2018 16:49:17 GMT
They've got an IT department and new products available, what else should they do, other than get their heads down and work through it ? Service existing lenders, rather than attempting to attract more for different offerings. The role of an IT department is to understand, service and develop the functions of the business. They have to meet the corporate requirements handed down to them. That's what they exist for. It is a technical role and probably not one that has attracted people who would be comfortable oiling up to irritated customers or being immersed in the pursuit of more business or errant borrowers. So expecting them to be doing something other than their chosen area of interest and expertise would probably be self defeating on many levels. What next, are we going to imply criticism of Lendy's use of their janitorial staff?
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