Quote Originally Posted by alistar_mid View Post
for all the loans in status arrears or current, by taking their loan term less payments remaining. This should give the term the loan has been “active”. You get a total months figure for each loan grade, and then you divide by loan counts to get the average length of loan...
Excluding Paid-offs from calculation can only give you expected return from your current portfolio - rather than actual overall. Also, use of months and Harmoney classification thereof should increase margin of error.