Peer Lending Server is a completely automated investment solution for peer-to-peer (P2P) loan investing. It works with only one of the P2P lending sites, Lending Club, and runs on Windows, Mac or Linux. At least part of what makes Peer Lending Server unique is the focus on loan underwriting. This process can be done in a fraction of the second as soon as new loans are listed.
How Peer Lending Server Works
You can download and install the Peer Lending Server Virtual Box that is designed for your operating system. You start by installing Peer Lending Server, and only then do you add your Lending Club API information and program options. From there, you can create filters that you want to use to help you in selecting loans to invest in.
The system will filter current notes, allowing you to download and browse the latest notes on Lending Club that will match your filters. With the click of a button, you can automatically invest in any and all listed loans that match your filter criteria. Any notes that you are already invested in through Peer Lending Server will of course be excluded. You can then schedule the service to automatically start filtering loans at times that you select.
The platform enables you to choose the amount that you want to invest each note, as well as the maximum notes per order. You can also choose to maintain a minimum cash level in your account.
You can also set a maximum percent of available notes to be allowed per filter, and the service will enable you to rank filter notes by a given field. This will give a higher priority to notes that meet the criteria of the highest ranking filters.
Peer Lending Server makes use of external data, which includes additional data points to determine the creditworthiness of any loan. They use statistical models that include macroeconomic data to help increase return on investment, while significantly reducing risk.
Through the use of artificial intelligence, you are able to underwrite loans quickly. Artificial intelligence deciphers complex relationships, improves efficiency and avoids errors.
The service is set to run on Pacific Standard Time, and changing your time zone is not supported or recommended. Peer Lending Server is also designed to run as a service that is always “on” , and for that reason it should be installed on a computer that will always be left on, and where sleep mode is disabled. This means you will be more likely to install it on a home-based desktop computer, rather than a laptop, since the latter is shut down frequently.
One of the major advantages of using Peer Lending Server is that since it runs through your home computer (for the reason given in the paragraph above), your password and API can be maintained privately. There is no need to share your credentials with third parties, or to wait on shared resources. The application runs on your own computer, allowing you to be “first in line” when looking for loans and notes to invest in.
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Peer Lending Server Tools and Features
Peer Lending Server offers a large number of tools and features that could improve your success as an investor on Lending Club.
Automated investing. Peer Lending Server is a complete “turn-key” investment application for Lending Club, and is Lending Club API compliant. It offers low detection, execution of saved Lending Club filters, the ability to schedule service times, and a detailed log of each transaction. It also provides configurable maximum loans per order, as well as configurable investment dollar amounts and a configurable option to disable order submission. It can enable you to maintain a minimum cash level of your choice, and to configure based on a maximum percent of notes per order allowed.
Machine learning. The system provides a sophisticated gradient hosted model for mature loan classification, as well as rapid loan prediction. Analytics provide your projected return on investment, and no technical knowledge is required.
Filters. You can use preset filters, and custom filters to match your investment strategy. Filters include artificial intelligence fields for return on investment projections. There is also extensive help included with each field – again you don't need to be a technical genius in order to operate the system.
Peer Lending Server analytics. This includes the ability to test custom filters, instant and projected return on investment, extended return metrics, and loan status including paid, default, and late statistics. It also comes with bar charts and pie charts, as well as common field categories from multiple perspectives and views.
Ease of use. Peer Lending Server is setup to operate on a “set and forget” basis. It takes just a few steps to configure, filter and run automated investing, and you can be up and running in a matter of minutes.
Speed. Peer Lending Server describes itself as “blazingly fast”, using search and modeling technology that takes place in a small fraction of the second. This gives you the ability to make educated investment decisions while capturing the most popular investment opportunities.
Peer Lending Server Forum. The forum is actually hosted by LendAcademy.com, and has hundreds of discussions relating to both the technical aspects of Peer Lending Server as well as investment strategies to best take advantage of the system.
The platform also has a blog, however there are only about a half-dozen articles, so this feature will have very limited utility.
Peer Lending Server is Free to Use. We saved the best for last. You can't beat the price of Peer Lending Server, because it's absolutely free to use.
Should You Try Peer Lending Server
Peer Lending Server is one of several P2P automated investment services – robo advisors for P2P platforms. The service is completely free, so you have nothing to lose by at least trying the service. If you are an active investor on Lending Club, then you almost certainly will need to use some sort of automated investment service, and Peer Lending Server offers the full package.
Perhaps the major downside of Peer Lending Server is that it can be used only in conjunction with Lending Club and not with any other P2P platforms. But apart from that limitation, it is a full-service platform, that offers a higher level of security and quicker access to new loans, due to the fact that it is downloaded to your home computer. This gives you the advantage of immediate access to new loans, as well as eliminating the necessity to share your credentials with third parties.
Is it the best P2P automated investment service? That's probably more a matter of preference than anything else. Each investor has to find the service that works best for him or her, and which that will be will depend upon the preferred tools and features offered by each. But given that Peer Lending Server is free, you owe it to yourself to at least give it a test run.