In an era of social networks and blissful sharing over open platforms like Twitter, Facebook and Yelp, we have grown accustomed to sharing more about ourselves.  At Lending Club we embrace new technologies and open communication, but also provide a financial service that calls for a higher level of privacy and identity protection.

Lending Club investors have the ability to ask questions of potential borrowers before committing investments into their loans. This ability has raised concerns in terms of protecting the privacy and identity of both borrowers and investors. These concerns led us to adjust our Q&A mechanism for the benefit of both borrowers and investors.

Starting tomorrow, investors will only be able to ask questions from a predefined set that was created based on the most frequently asked questions logs over the last 2 years and reviewed and edited by our compliance team. As an investor, feel free to submit additional questions that you would like to see added to list to feedback@lendingclub.com.
As always, your comments are welcome as we continue to make improvements to our platform.

Image courtesy of Sean MacEntee.

Lending Club continues to be a leading financial innovator.

This time, we are pleased to present a completely new investor experience, giving you the tools that make it fast and easy for you to create diversified portfolios of Notes.   You can now create an investment order in seconds without sacrificing control, in 3 different ways:

1) Follow a predefined investment strategy

2) Target a specific interest rate

3) Filter, review and select notes individually

You now have the ability to use more than 25 filters to help you refine your investment strategy.  You can also save these filters, corresponding to your investment strategies, to reuse in the future.

Interested in learning more about these new tools? 
Watch a video overview here>>>

We hope you enjoy using the new tools at Lending Club.  Lending Club notes are offered by prospectus filed with the SEC.   If you have any questions call Investor Services at 1-866-811-9225, or send an email to investing@lendingclub.com.

Enjoy!
Rob

Last week, Patrick Gannon, SVP Investor Services, and I had the great pleasure of unveiling Lending Club’s new Statistics page.   During the presentation we covered topics such as returns by loan grade, returns by amount invested, and defaults by loan type.  After the presentation we opened the floor to questions.

If you missed the webinar check out the replay here >>.

Lending Club’s new statistics page let’s you slice and dice data like never before. You can analyze returns by credit grade, loan amount and purpose across various time periods. For all you datum fans – you can download historical data on declined loans, loans in funding, as well as issued loans.  Lending Club notes are offered by prospectus  filed with the SEC.

Cheers to data!
Sam

We are delighted to present a new statistics section now available here with fascinating data on our financial community, investment performance and loan details.

Personally, I am excited to see data that confirms the high performance and responsible behavior of our community, in sharp contrast with the traditional banking sector:

• Our borrowers are very creditworthy, with a 724 average FICO® score
• Our investor community enjoys a solid 9.66% average net annualized return after fees and defaults
• 88.5% of our investors earn returns of 6% or more
• The best performing credit grades are E and D loans, with 10.88% and 9.93% net annualized returns respectively
• Lending Club has kept defaults to a low 3.16% annualized default rate since inception

Another number that I get particularly excited about is that Lending Club has paid more than $4.1mm in interest to our investors to date!  Notes are offered by prospectus.

Want to hear more stats?  Please join Patrick Gannon, Senior Vice President of Investor Services, and Sam Kasle, Director of Investor Marketing, for the unveiling of Lending Club's new Statistics section Thursday at 4:00pm PDT (7:00 PM PDT).

The webcast will cover topics such as returns by loan grade, returns by amount invested, and defaults by loan type.  After the presentation there will be ample time for an in depth Q&A.

Unveiling the New Statistics Section >>>
Register now for this webcast on
Thursday, October 22th, 2009
4:00 pm PDT (7:00 pm EDT)

Space is limited to 150 attendees, so reserve your spot now.

Enjoy!

Rob
@RobGarciaSJ

On Friday we launched a new feature that gives you a measure of your performance to date and how it stacks against the entire Lending Club investor community. The Net Annualized Return measure is calculated daily as a weighted average return on invested capital and is based on actual payments received to date in your Lending Club portfolio.

This new feature leverages our transparency and gives you an up-to-date snapshot of all investors in our financial community.

This feature helps establish some interesting facts on our investor community performance as of June 7, 2009:

• The average net annualized return of all investors is 9.90% since June 2007.
• Investors in the $50,000-$60,000 range are currently achieving the highest net annualized return at 11.96%.
• Over 88% of all investors are earning a net annualized return of 6% or more.
• Over 74% of all investors are earning a net annualized return of 9% or more.

Just as a reminder the Notes are offered by prospectus, which can be downloaded here.

As always, feel free to drop us a note with your comments on these new features and share with us any additional feature ideas.

Rob