Last week Lending Club announced they would be adding 15 new fields to their API. Investors who invest directly on LendingClub.com will see three of these fields on the browse notes page. For third parties who create credit models and individual investors who rely on their own backtesting to beat an index of loans this is great news. In addition, FOLIOfn has released an official API for secondary market trading. We review both of these developments below.
New Lending Club Fields
At a time when platforms have been increasingly protective over their data, Lending Club’s move to be more transparent is a welcome change. The three fields were made available November 11th, but the remaining will be added to the API and download notes file within the next month. [Read more…]