hantsowl
Member of DD Central
Posts: 672
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Post by hantsowl on Apr 26, 2019 21:31:36 GMT
... An obvious solution would be to automate all investments and allocations and we don't believe that this is something the majority of our Lenders would welcome. We ask for your patience as we continue to look into equitable solutions for oversubscribed loans. Thank you I would personally welcome a separate auto-bidding system for each tranche. Perhaps it's worth polling your lenders to see how popular this would be. The B and especially C tranches are usually too small for auto-bidding to work effectively. The only way I could see that working would be if loan part size minimum was reduced from £1000 to £500 or even £100. That would probably require considerable software changes and is probably unlikely to happen anytime soon.
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Post by Ace on Apr 26, 2019 21:57:19 GMT
I would personally welcome a separate auto-bidding system for each tranche. Perhaps it's worth polling your lenders to see how popular this would be. The B and especially C tranches are usually too small for auto-bidding to work effectively. The only way I could see that working would be if loan part size minimum was reduced from £1000 to £500 or even £100. That would probably require considerable software changes and is probably unlikely to happen anytime soon. It would be very poorly designed software if it required more than the smallest of changes to reconfigure the minimum loan part size. If Proplend didn't consider that desirable, a simple lottery would be preferable to fastest finger, best connection or bot brigade. At least it wouldn't be biased towards those that are able to be online at an exact time (IMO).
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