|
|
|
|
|
|
by ClementM
3922 days ago
|
|
|
Also, it's pretty instructive to look at the Lending Club grading algorithm in details. They made it public at some point. Now they are a little less transparent about it. But some details can be found in their SEC prospectus. I can link that up as well if you guys want. |
|
|
Their current offering document is here[1], but I don't see much mention of specifics. There's some detail on mapping to grades on p42 of the Aug 22 doc, as well as interest rates charged for each risk category.
[1]https://www.lendingclub.com/info/prospectus.action