New: Loan Origination Data Update
An update for users of our platform statistics and historical downloadable file. We are changing the frequency with which we post data about new loan issuance on the platform. This change relates to overall platform data that we provide on the Lending Club Statistics Page. The change will not reduce the frequency of data updates about Notes that you hold.
Instead of posting new issuance data daily, we’ll now post new issuance data quarterly within 30 to 45 days after the quarter ends. We will, however, continue to provide daily data updates on payment and performance in our downloadable file for loans issued in prior quarters. In addition, we are adding the full set of standard credit attributes on Notes that you hold to the downloadable file in your account to make it easier for you to monitor and analyze your individual portfolio.
This change will occur April 16, 2014. To give investors who are accustomed to using this data time to adjust, we will continue to post credit and payment data in the downloadable file through April 15, 2014. After that point, we will continue to provide daily data updates on payment and performance in our downloadable file for loans issued prior to March 31, 2014, and you’ll be able to access the full set of standard credit attributes on Notes that you hold through the downloadable file in your account.
To download the file of Notes that you hold, go to the My Notes page within your account and click the “Download All” link at the bottom of the page.
Thursday, April 3rd, 2014 at 3:40 pm