Lending Club Blog

Lending Club’s New Site Features: Did You Notice Them?

Over the weekend, we added several improvements to our site. Our team worked hard to get the new features out, and we’ve enjoyed hearing from many of you who noticed them.

We were particularly pleased that our blogger friends at Personal Loan Portfolio, Lazy Man and Money, RateLadder, and My Microfinance covered our new release, in some cases practically in real time!

So, what’s in this release?

Credit-criteria based search: Our search engine has been seriously upgraded. In addition to searching loans by keyword, % funded and loan grade, lenders can also search by number of delinquencies in the last 2 years (0, 1-3, 4+), DTI (<10%, 10-20%, >20%), and FICO range (714+, 640-659, etc.). More advanced search features are still to come, but these new capabilities will help lenders better zero in on loans that match their specific criteria.

Search results navigation: After you have identified the loans you are interested in, you can review each one in turn before adding it to your portfolio. Open the first loan and then use the new navigation to scroll through the rest without having to go back to your search results using the controls.

My Account revamp: Lenders will now be able to have a clearer picture of their account performance with these new features:

o Overall Loans Status: Track your overall performance easier by viewing your loans grouped by status.

o Indicators: Monitor your overall weighted average rate, expected monthly payments, and received payments (broken down by principal, interest and adjustments).

o Account Total: View and understand your total holdings in an easier format. Three sections (Cash + In Funding Loans + Remaining Principal) roll up to your total account value. A Cash detail reconciles money that flows in and out of your account by breaking out such transactions as added/withdrawn funds, earned interest, bonuses, service fees, etc. A Remaining Principal detail shows how much money you’ve invested vs. how much of it has been paid back.

New All Loans view: As it turns out, many users prefer to view their funded loans without having to open up each portfolio. We now offer you an All Loans View and a Portfolios View. Enjoy!

Rejected Loans data: Because we strive to make Lending Club as transparent as possible, we now are showing loans that were rejected for credit reasons in addition to loans that have been funded. We are committed to a rigid credit policy both to protect the lender community and to reward the highest quality borrowers. Not only do we make sure that our borrowers have FICO scores of 640+ while keeping a pre-loan DTI lower than 30%, but now we also ensure that borrowers have no current delinquencies at the time their loans are submitted.

LendingMatch improvements: Our secret sauce recipe gets some tasty tweaks every now and then. This time, LendingMatch has been modified to let you spread your money over a larger number of loans if you wish to do so.

Wire funds to your account: And finally, we are pleased to offer lenders something they’ve been clamoring for: the ability to wire funds into their Lending Club accounts so that they can start lending faster without the need to verify their bank account.

Tell us what you think, and continue sharing your views on what else we can be doing to improve your experience on Lending Club. We are listening!

Better Site. Together.

Thursday, January 24th, 2008 at 5:17 am

Comments (1)

  1. J:

    Monthly Statements …. Now!!!!

    January 30th, 2008 at 1:20 pm

Recommended

Welcome Home

Lending Club named #5 on Forbes’ Most Promising Companies List

Get ready for tax season with Lending Club’s Tax Form Guide

New Adjusted Return Metric

See more
Lending Club Awards
  • Archives z

Recent Posts

Renaud Talks to Jim Cramer

A few months ago, Jim Cramer remarked that he… Read More »
April 15, 2015

Lending Club 2 – Back in the Race

We’re excited to see Renaud back at the helm!… Read More »
March 26, 2015

Lending Club Store’s Grand Opening

We were thrilled at the support we received from… Read More »
March 20, 2015

LendIt is just one month away!

Congratulations to the LendIt team, who rang the opening… Read More »
March 13, 2015

Nearing Retirement – How an IRA Can Help

An Individual Retirement Account (IRA) can help you prep… Read More »
February 25, 2015

How an Individual Retirement Account (IRA) can help you reduce your taxes

For many investors, January is… Read More »
January 23, 2015

We went public today!

Ringing the bell this morning at the New York… Read More »
December 11, 2014

New and Improved Statistics Page

We recently redesigned our Loan Statistics page to make… Read More »
November 13, 2014

Lending Club Honored with Economist Innovation Award

This month I was honored… Read More »
October 15, 2014

Welcome Vermont Investors!

Today, we’re thrilled to welcome residents of the state… Read More »
September 4, 2014

2014

We went public today!

Ringing the bell this morning at the New York… Read More »
December 11, 2014

New and Improved Statistics Page

We recently redesigned our Loan Statistics page to make… Read More »
November 13, 2014

Lending Club Honored with Economist Innovation Award

This month I was honored… Read More »
October 15, 2014

Welcome Vermont Investors!

Today, we’re thrilled to welcome residents of the state… Read More »
September 4, 2014

We filed to go public today

We filed a registration statement with the SEC today… Read More »
August 27, 2014

Our Billion Dollar Quarter

We’re excited to announce  that we’ve facilitated over $5… Read More »
July 8, 2014

Is Lending Club Available in My State?

Is Lending Club available in my state? That is… Read More »
July 7, 2014

Lending Club Joins Senator Cory Booker to Discuss Improving Access to Capital for Small Businesses

Read More »
June 20, 2014

Lending Club Named a CNBC Top 50 Disruptor for a Second Year

For the second year in… Read More »
June 17, 2014

PRIME is now Automated Investing

Lending Club is excited to announce that PRIME has… Read More »
May 14, 2014
View All w