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Post by savingstream on Feb 20, 2014 19:56:35 GMT
We are conducting a survey of Saving Stream investors with the intention of learning how best to improve our platform based on input from our investors. If you are a Saving Stream investor, or are interested in the Saving Stream investment platform then your response would be greatly appreciated. Here is a link to the short survey: www.surveymonkey.com/s/3Q6PZTCMany thanks for any participation! |
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Post by pepperpot on Feb 20, 2014 20:27:07 GMT
I'm not sure I like the pre-funding idea, it places greater trust in the site, and removes any user evaluation. If I see a loan that has a particularly low LTV, I'd be more inclined to take a larger chunk, but if it comes to pass I'd be forced to use it, or reduce my exposure to SS.
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mikes1531
Member of DD Central
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Post by mikes1531 on Feb 20, 2014 21:54:15 GMT
I'm not sure I like the pre-funding idea, it places greater trust in the site, and removes any user evaluation. If I see a loan that has a particularly low LTV, I'd be more inclined to take a larger chunk, but if it comes to pass I'd be forced to use it, or reduce my exposure to SS. I don't like the idea as presented either. What I wrote in the comment box was... The security is particularly an issue as SS branch out and lend against more than just boats. I would like to set my participation level in a loan based on the security and the LTV. And what would happen if multiple loans became available at the same, or nearly the same, time? I can see how pre-bidding as AC do it might be feasible, with pre-bids only being allowed after the valuation is available. Since SS are funding the loans in the first instance, delaying the start of the bidding until after lenders have had a chance to study all the available info shouldn't cause a problem. And if it reduces the need to be watching the website at the instant a loan is released for investment, it could be a positive move, but I think it would be necessary to apply limits to the amount that an individual lender can invest for the first day or two. Both FS and AC are doing this now and it appears to have been well-received and successful at stopping the scrums or feeding frenzies that used to occur on those platforms when loans were released for investment. These scrums are happening on SS now, so a similar solution probably would be appropriate.
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