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Hunter
these guys are LEGIT. Did you know that the best deals on sites such as Lending Club / Prosper often get snapped up in the first few seconds that they appear on the site? With LendingRobot, you'll never miss out - you specify parameters, then it automatically buys notes that match them. It also has algorythms to detect which notes will have the best rate of return.
They yesterday (or so) also added a feature where LendingRobot can automate your selling of notes and transacting on secondary platforms.
Overall, I wouldn't be investing on Lending Club if I wasn't able to use LendingRobot - it's that much of a gamechanger.
@_jacksmith Spot on! Competing with institutions who have Orchard or their own proprietary algorithms to get the order flow first will be difficult. If LendingRobot can be the consumer's interface to compete and get the orders they couldn't get otherwise (which it looks like they're able to do now), I agree on how huge it will be - trying it ASAP!
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Yo. I've been using @lendingrobot for a few months now and it's awesome. I reinforce everything @_jacksmith said about them.
We did a bit of an experiment between their optimized automatic P to P investing service and the self-managed method of a another dude in our office. Lending Robot obviously won. (You know, robots and all that.)
I dabbed into p2p investing before, but filtering process was way too time consuming. this looks like it will make make it much easier. came across another similar product: www.bluevestment.com - don't know much about either except that i'm probably going to try them out, very cool idea
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Hunter
@bjorntastic I looked at bluevestment, but didn't really get how to use it. I'm not sure if it's opensource or something.
anyway, this is legit - you set up the filtering process once, then done.
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So meta. Reminds me of when people first started using esnipe on ebay auctions. Seems like this kind of automation is inevitable in any marketplace, for sure it gives first movers an advantage. At least until there is something faster. Someday robots will look back and laugh about how easily we were tricked into giving them control of our bank accounts.
Very cool. This automated P2P lending is already happening on the institutional side via http://www.orchardplatform.com/. Fascinating to see P2P lending blowing up.
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LendingRobot Series was designed to easily add more origination platform
Pros:
Lendingrobot is like Peer-to-Peer lending is the novel application of technology to one of the most ancient of professions: lending.
LendingRobot Series was designed to easily add more origination platform
Pros:Lendingrobot is like Peer-to-Peer lending is the novel application of technology to one of the most ancient of professions: lending.
Cons:by making the investing process simple