Post by Deleted on Aug 31, 2016 18:41:58 GMT
I am still trying to understand the inner workings of FS.
One of the things that sticks out is that, at least on some less popular loans, there is a certain dead time between listing and start of interest running (from a lender's perspective of course). This is made of 'loan filling' time + 'loan activation' time.
Could someone more experienced than me coment on the above 'dea' time? What is typically expected?
Coming from a SS (but also FC) perspective, this does not look nice at all. I wonder why is FS not incentivating a faster process by taking the loan out only when all the papers are signed and/or use underwriters to fill the missing bits.
Looking at the 'available loans' for days and seeing some loans not advancing at all seems a bit scary. Wouln't like to have my money blocked for weeks on a non-starter...
One of the things that sticks out is that, at least on some less popular loans, there is a certain dead time between listing and start of interest running (from a lender's perspective of course). This is made of 'loan filling' time + 'loan activation' time.
Could someone more experienced than me coment on the above 'dea' time? What is typically expected?
Coming from a SS (but also FC) perspective, this does not look nice at all. I wonder why is FS not incentivating a faster process by taking the loan out only when all the papers are signed and/or use underwriters to fill the missing bits.
Looking at the 'available loans' for days and seeing some loans not advancing at all seems a bit scary. Wouln't like to have my money blocked for weeks on a non-starter...
