jimbob
Member of DD Central
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Post by jimbob on Nov 2, 2015 13:34:11 GMT
The 38% farm seems to have disappeared !
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Post by savingstream on Nov 2, 2015 13:35:20 GMT
"better to wait for quality loans than rush through some questionable ones"
No further comments necessary.
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SteveT
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Post by SteveT on Nov 2, 2015 13:55:57 GMT
Seems like SS cannot win. If the Pipeline Loans page is empty, one set of people complain. If it's populated with all the potential upcoming loans and some of them later get pulled as the Due Diligence is done, another set of people complain. Why not just be patient and accept that SS are as keen as anyone to bring new loans to the platform, and that they've done a pretty good job to date of weeding out any dubious ones before launch / draw-down?
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Post by savingstream on Nov 2, 2015 14:34:15 GMT
Seems like SS cannot win. If the Pipeline Loans page is empty, one set of people complain. If it's populated with all the potential upcoming loans and some of them later get pulled as the Due Diligence is done, another set of people complain. Why not just be patient and accept that SS are as keen as anyone to bring new loans to the platform, and that they've done a pretty good job to date of weeding out any dubious ones before launch / draw-down? Thanks Steve.
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sam i am
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Post by sam i am on Nov 2, 2015 14:36:23 GMT
Seems like SS cannot win. If the Pipeline Loans page is empty, one set of people complain. If it's populated with all the potential upcoming loans and some of them later get pulled as the Due Diligence is done, another set of people complain. Why not just be patient and accept that SS are as keen as anyone to bring new loans to the platform, and that they've done a pretty good job to date of weeding out any dubious ones before launch / draw-down? Just for the avoidance of doubt, my post above was intended to be informative and balanced. It was certainly not meant to be a complaint and apologies to anyone who thought it was. I'm very happy with SS and while I would like to get a bit more cash in, I would far rather wait for good stuff than be inundated with bad stuff. The point is that historically SS have generally only put loans on the pipeline when they have been close to launch while the ones that we can see at the moment seem to be some way off.
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ablender
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Post by ablender on Nov 2, 2015 15:11:16 GMT
Thus this mean that your main pipeline is leaking?  |
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star dust
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Post by star dust on Nov 2, 2015 15:14:54 GMT
The point is that historically SS have generally only put loans on the pipeline when they have been close to launch while the ones that we can see at the moment seem to be some way off.Not sure where you're your 'historically' comes from, but SS have pulled quite a number of pipeline loans due to DD in the past, here's an example. from about a year ago, but there have been quite a few others too, there have also been quite a few that have sat in the pipeline for some weeks. In general although disappointed at the loss of a potential investment opportunity, I think many of us are pleased to see DD coming first. I find patience pays with SS.
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sam i am
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Post by sam i am on Nov 2, 2015 18:08:33 GMT
The point is that historically SS have generally only put loans on the pipeline when they have been close to launch while the ones that we can see at the moment seem to be some way off.Not sure where you're 'historically' comes from, but SS have pulled quite a number of pipeline loans due to DD in the past, here's an example. from about a year ago, but there have been quite a few others too, there have also been quite a few that have sat in the pipeline for some weeks. In general although disappointed at the loss of a potential investment opportunity, I think many of us are pleased to see DD coming first. I find patience pays with SS. I didn't say that pipeline loans haven't been withdrawn due to DD - and I can't see how you could have taken this interpretation from my post. Indeed we have even seen launched (but pre-drawdown) loans withdrawn due to DD (e.g. PBL41). However most, if not all, pipeline loans I have seen in the past few months have been at stage 4 in the process. Those in the pipeline now do not have any stage attached to them or have any documents. That makes me think they are some way from being launched. The further a loan is from launch, the more chance that it will not make it through the DD process. Hence my wondering about if and when the current pipeline loans may get launched. What I'm pointing out is that the current pipeline loans seem to have be added at a much earlier stage than those we have seen historically. I surmise that if no loans are likely to be launched imminently, then SS is showing us some that are further out to indicate that there is some activity. Possibly these are loans that wouldn't normally be shown in the pipeline if there were others closer to launch. My original post was mainly to alert the forum to a change in the pipeline to which I added a few thoughts about the effect of showing pipeline loans at an earlier stage. I guess I just didn't make my point in a clear enough way.
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rogerbu
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Post by rogerbu on Nov 2, 2015 18:34:27 GMT
I had also concluded that the current pipeline loans with no docs were probably at a pre stage 4 status.
This begs the question of what to do about the prefunding.
For example. I'm not going to pre fund with the only information being 'Farm,Newxxt £1.8M 70%' In case it suddenly completed and drewdown without my having a chance to consider it properly. I would rather miss the loan than have money in a loan I didn't like.
For all the pipeline loans.
What stage are they at?
When will the docs likely become available?
What's the DD outlook?
Some information would be helpful, even if sensible caveats have to be applied.
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chrisf
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Post by chrisf on Nov 2, 2015 20:15:45 GMT
The point is that historically SS have generally only put loans on the pipeline when they have been close to launch while the ones that we can see at the moment seem to be some way off.Not sure where you're 'historically' comes from, but SS have pulled quite a number of pipeline loans due to DD in the past, here's an example. from about a year ago, but there have been quite a few others too, there have also been quite a few that have sat in the pipeline for some weeks. In general although disappointed at the loss of a potential investment opportunity, I think many of us are pleased to see DD coming first. I find patience pays with SS. your
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ramblin rose
Member of DD Central
“Some people grumble that roses have thorns; I am grateful that thorns have roses.” — Alphonse Karr
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Post by ramblin rose on Nov 2, 2015 20:25:51 GMT
Not sure where you're 'historically' comes from, but SS have pulled quite a number of pipeline loans due to DD in the past, here's an example. from about a year ago, but there have been quite a few others too, there have also been quite a few that have sat in the pipeline for some weeks. In general although disappointed at the loss of a potential investment opportunity, I think many of us are pleased to see DD coming first. I find patience pays with SS. I didn't say that pipeline loans haven't been withdrawn due to DD - and I can't see how you could have taken this interpretation from my post. Indeed we have even seen launched (but pre-drawdown) loans withdrawn due to DD (e.g. PBL41). However most, if not all, pipeline loans I have seen in the past few months have been at stage 4 in the process. Those in the pipeline now do not have any stage attached to them or have any documents. That makes me think they are some way from being launched. The further a loan is from launch, the more chance that it will not make it through the DD process. Hence my wondering about if and when the current pipeline loans may get launched. What I'm pointing out is that the current pipeline loans seem to have be added at a much earlier stage than those we have seen historically. I surmise that if no loans are likely to be launched imminently, then SS is showing us some that are further out to indicate that there is some activity. Possibly these are loans that wouldn't normally be shown in the pipeline if there were others closer to launch. My original post was mainly to alert the forum to a change in the pipeline to which I added a few thoughts about the effect of showing pipeline loans at an earlier stage. I guess I just didn't make my point in a clear enough way. I think this probably just comes down to your 'historically' being much more recent than star dust's 'historically'; I have to back star dust up on this - properly historically, most things went into the pipeline at about stage 2 and hung around in there for really quite some time before getting anywhere near stage 4. For anybody who's been with SS quite a long time, the experience of things going in at stage 4 is really quite a recent thing, in fact. Agree with others, it would be useful if a stage were indicated on the pipeline loans; but the fact there isn't one doesn't necessarily mean it's a long way off - sometimes they just go through without any stage ever being added. And sometimes loans come through so quickly that they don't appear in the pipeline at all. If lenders are worried about that, then they need to keep the default pre-fund switched off and set up a limit for any loan that comes through that they like the look of, but there are many who are still happy to pre-fund everything and then sell what they don't want while the SM is still so liquid.
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sam i am
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Post by sam i am on Nov 2, 2015 22:17:04 GMT
I think this probably just comes down to your 'historically' being much more recent than star dust's 'historically'; I have to back star dust up on this - properly historically, most things went into the pipeline at about stage 2 and hung around in there for really quite some time before getting anywhere near stage 4. For anybody who's been with SS quite a long time, the experience of things going in at stage 4 is really quite a recent thing, in fact. Agree with others, it would be useful if a stage were indicated on the pipeline loans; but the fact there isn't one doesn't necessarily mean it's a long way off - sometimes they just go through without any stage ever being added. And sometimes loans come through so quickly that they don't appear in the pipeline at all. If lenders are worried about that, then they need to keep the default pre-fund switched off and set up a limit for any loan that comes through that they like the look of, but there are many who are still happy to pre-fund everything and then sell what they don't want while the SM is still so liquid. Thanks for the clarification ramblin rose. Yes, star dust has been around these parts a lot longer than I have. I'm very happy to listen to the wisdom of you both. Anything I stirred up here was purely unintentional.
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ramblin rose
Member of DD Central
“Some people grumble that roses have thorns; I am grateful that thorns have roses.” — Alphonse Karr
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Post by ramblin rose on Nov 2, 2015 22:22:50 GMT
I think this probably just comes down to your 'historically' being much more recent than star dust's 'historically'; I have to back star dust up on this - properly historically, most things went into the pipeline at about stage 2 and hung around in there for really quite some time before getting anywhere near stage 4. For anybody who's been with SS quite a long time, the experience of things going in at stage 4 is really quite a recent thing, in fact. Agree with others, it would be useful if a stage were indicated on the pipeline loans; but the fact there isn't one doesn't necessarily mean it's a long way off - sometimes they just go through without any stage ever being added. And sometimes loans come through so quickly that they don't appear in the pipeline at all. If lenders are worried about that, then they need to keep the default pre-fund switched off and set up a limit for any loan that comes through that they like the look of, but there are many who are still happy to pre-fund everything and then sell what they don't want while the SM is still so liquid. Thanks for the clarification ramblin rose. Yes, star dust has been around these parts a lot longer than I have. I'm very happy to listen to the wisdom of you both. Anything I stirred up here was purely unintentional. No, it's all good banter sam i am - shows we're all alive  And don't listen too hard - us old timers have been known to get behind the curve and spout nonsense here and there 
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ablender
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Post by ablender on Nov 3, 2015 8:15:54 GMT
If I may add my 2p. I usually add a prefund on the pipe line loans as I see fit (depending on available money) and adjust it if any of that money becomes unavailable. You can change this as many times as you want. I find this very useful. Cheers.
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Post by ladywhitenap on Nov 3, 2015 16:03:00 GMT
Is it my imagination or have a few loans leaked out the pipeline? I could have sworn there were a few more in the other day?
To echo the sentiments of others above, I'd welcome a bit more info in the pipeline section.
I'd like to think that if a loan were mature enough to enter the pipeline, that there would be some documents to view to build prefunding support.
This current lot have been visible for at least a week maybe longer ( yes an entry date would be good idea too!) and no sign of paperwork to whet our appetites let alone a target launch date.
LW
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And don't listen too hard - us old timers have been known to get behind the curve and spout nonsense here and there 
