Creating a LendingClub Secondary Market Bot

In this post, I will outline how to create a bot for trading notes on FolioFn which is a platform that provides a secondary market for Lending Club notes. My goal is to document the steps I took to create my bot which should allow you to create your bot, specify your trading criteria, and even include a custom “grading” system for your filtered loans.

What is LendingClub?

Peer-to-Peer investing (commonly P2P) is the practice of investing in notes of loans for borrowers requesting a loan without going through a traditional financial intermediary and who are unknown to the investor. This type of investing typically takes place online through P2P platforms, among which Lending Club and Prosper are the industry leaders. I have only had experience using Lending Club and have had no complaints with the platform. This post isn’t to promote one platform over the other but does use developer functionality from LendingClub. Because I haven’t used any other P2P platforms I don’t know if a similar bot could be created for them.

More information can be found on my (dead) personal finance blog.

What is FolioFn?

As mentioned above FolioFn provides a secondary market for P2P lending notes. This market allows investors in loans to sell their notes to other…