I got a business idea. Here is how it works. what do you think? 1. lend 800K to one H-1B person (Call him Sharma). Sharma needs to bring 20%. 2. Make Sharma come up with a good business. 3. My company will need to vet the business ( idea or existing one ), approve/reject and be a shareholder. 4. Co...Read more
#finance I want to lend my own money directly (not through Funding Circle or similar) to a business over the internet, how can I do it?
#investments #personalfinance
I’m interviewing at Lending Club and wanted to know what people’s thoughts are about the place? Culture? Brand perception? Business model?
Thrive: Uber (increased driver supply) Netflix (cheap entertainment) Survive: Top tier Ad-based companies (Snap) Fall: Airbnb (fewer vacations/business travel) Twitter/Pinterest (3rd tier ad companies will get no $ from buyers) Instacart Flexport (less trade) Uber for X Fintech startups Mortgage...Read more
Hard time for Independent mortgage lenders After crisis, banks account for less of the mortgage business Independent mortgage lenders are seeing their credit lines cut https://www.bloomberg.com/news/articles/2022-08-19/mortgage-lenders-are-starting-to-go-broke-as-loan-volumes-plunge
2008 Mortgage lending vs 2021 shitty startup (Crypto, AV) lending Most of these startups are burning cash borrowed @ cheap rates. Will we see a wave of bankruptcies in startup world and VC withdraw cash from banks? Isn’t that what’s happening? 10 million new business.. and with high interest rat...Read more
I feel like I’m in a very volatile merry go round – running from one lender to another. I was recently able to secure funding/a funding agreement, but now I have to raise the escrow amount. Should be easy, right? Except I have a new business in a new industry leaving me with very few lending option...Read more
1. https://www.coindesk.com/business/2023/01/05/silvergate-cuts-40-jobs-writes-off-diem-asset-acquisition/ 2. https://www.coindesk.com/business/2023/01/05/crypto-lender-genesis-lays-off-30-more-of-its-staff/ Where are you moving your Crypto to?
What is the expected compensation for a data analyst at Lending tree in Chicago? I have five years of experience in data warehousing and business intelligence domain.
My agent was pushing to work with Wells Fargo. I got frustrated with them despite being pre-approved. She mentioned that they can turnaround 21 days vs my lender who is 30 days. She also points out Wells knows the area and can work with an appraiser. My lender is kinda 9-5. Overall my lender has a...Read more
Why does a bank transfer take them almost a week. While other brokers can do it in 1-2 business days? Is it how they monetize free trades, by lending money during “transfer” time?
Hi I am currently working at Citi in their Credit Lending Business, I have two offers to choose from 1- Citi VP $140K Base ( NYC) Pros: Stable Job Good work life balance Cons: No green Card process No pay bump 2- Barclays AVP $135K Base (NYC) Pros: Green Card within one year Cons: Same pos...Read more
Any idea how is the salary/work at Lending Club? I recently got an interview call for "Risk Business Insights Manager" and was thinking to interview or not.
Has any one used both? What’s was your experience and which one is better and why. Use case access bank transaction data for small business lending #openbanking #tech #plaid #finicity #fintech #finance
It has a very unique business model and illiquid assets. Goldman would be the most obvious buyer but really any of the big banks might be interested. Mark to Market of it's assets don't look great but held to maturity it's not bad. The value is really in it's lending to VCs and startups. TC 270k
Just how “scared” are other banks of Marcus’ growth? They just launched a lending partnership with Amazon small businesses, have Apple Card out, and are rapidly expanding there Deposits volume. Time for the Chase’s and BofA’s to be worried? Or small beans to them?
I’ve been in the credit card and lending world for about 8 years, with various roles in operations, business intelligence and strategies. How would someone with this profile fit in the big tech firms if looking for a switch? experience with SQL, python, card operations, tableau dashboard building an...Read more
Curious to see how people manage lending money to family when the amount is big. Scenario: I have in the past helped my family out with order of ~5-10k dollars every quarter or so multiple times over multiple years. It was always given like a gift with no expectation of return, so no love lost. Bu...Read more
Does anyone have a mortgage lender they really love? Pre-approval has been like pulling teeth. I have three rental properties, three mortgages, and an S-Corp that manages the real estate business. I know it’s more complicated than the norm, but seems like many lenders have never read an 1120S with a...Read more