Originally Posted by
Whippeedo
I'd love to be able to have the ability to export to xcel, every field/column that you can see in the "Loan details" and "Borrower details".
If you go to Reports>Loans and click on any LAI you have invested in - there are 2 tabs with 30 odd fields - after lots of sorting in xcel you would have some very valuable insights when compared to loan real loan/borrower performance. It is mind boggling how much data mining/analysis you could do with those fields available.
You would find for e.g. that certain cities and areas of NZ default more than others, and/or sort by age-of-borrowers in arrears vs current, what are the results? If 50% of 20-29's go into arrears, I'm sorry but I'm not lending to that age bracket. And/or sort by monthly loan payment vs. percentage of borrowers income, its goes on and on. HM is sitting on all this data and I can't see the harm in empowering investors with the ability to draw our own conclusions from mining this data. If I was running a P2P platform it would be available from day one. Why wouldn't you? Give investors the ability to fine tune their investing strategy. Make a safe home for investment funds and it will flow in abundance.
On top of that I'd like to see/export the frequency and type of communication HM is having with borrowers in arrears so we can better predict the percentage of arrears that will convert to write-offs.
The current process is a black box. I have asked HM to let me know how long each of my arrears loans has been in arrears for. I still don't have an answer. come on this is fundamental info I feel I have a right to.
Still, I am an HM fan. They do more good than harm and should improve with time. Thanks HM :)