I've been using it for about a month and its one of the better LendingClub auto-investors out there. By far the best interface, but the fee is a little steep, though the fee only takes effect after investing 10k though them. I've rolled my own auto-investor in the past and used the one on NSRPlatform(free for accounts <20k). I'm planning switch over to LendingRobot 100% when I can't use NSRPlatform for free anymore.
Thanks! Any recommendations for someone looking to get into this space, especially in terms of things you had wish you knew starting off? (I'm looking at this as a "long shot" diversification of a portion my savings, allocating a comparatively very small amount and going entirely hands off)
I have all my LendingClub funds in a Roth IRA so I don't have to deal with any of the tax loss/gains stuff. I've heard the tax accounting can get tricky in normal accounts, so I highly recommend putting your LendingClub funds in a tax-advantaged account.
As for filtering and stuff, you can you do your own underwriting(loan risk analysis) with the data lendingclub provides[1], or use https://www.nsrplatform.com, which has a nice GUI tool to explore the data with you're own filters. LendingClub has a JSON api, so you can an order executer for yourself. (Here's the remnants of the one I was working on https://github.com/gtremper/LoanInvestor. P2P-Picks was a 3rd party underwriter that isn't available anymore). I've noticed that the D and E loans tend to be the best balance of risk and return
Also, be aware that you'll need to continuously buy new notes as payments come in to your account, otherwise you'll build up cash rather quickly. That's why these auto-investing services are so useful. Its best to buy only $25(the minimum) per loan so you can spread your risk among as many notes as possible.
Here's my shameless referral for lending robot https://www.lendingrobot.com/ref/YehMn307/ (you get 10k free, I get 5k more free)