I found something the other day as I continued on my quest of self-picking notes that has helped immensely. LendingClub has a filter for ‘Show only recent listed loans.’ This is only valuable if you login during the note releases (6 a.m., 10 a.m., 2 p.m., 6 p.m. PST),but it definitely helps to get some high grade quality notes before they get fully funded.
The currently filter I am using is:
- Show recent listed loans
- Term: 36 months
- Interest Rate: C,D,E,F,G
During the release I then filter by % funded and add the top loans that are funded to my cart. Then, I review the loans and decide whether or not to keep them. It seems like there have been enough notes that I haven’t had any issues depleting my available cash. I’m not sure how long they have had this filter, but thought it was worth mentioning. Is anyone else using this filter, feel free to provide any insight in the comments!