Harmoney

[Monica@Harmoney]

No problems here. And the updates that came thorugh yesterday look good (Graph of your RAR and investor statements.).

And you can now see borrower details in your purchased loans - click on the ID - and borrower details are there to view. monica.mathis@harmoney.co.nz

[mjplost]

And you can now see borrower details in your purchased loans - click on the ID - and borrower details are there to view. monica.mathis@harmoney.co.nz

Noticed that this morning! Nice work, very helpful.

[Darchie]

Hi mathismo
Having this swift access to borrower details is Really really Good .. but it's made me realise just how often I relied on checking the:

... 'actual amount they'd borrowed' ...

would be helpful to see that figure included in the detail, if possible!

and Having access to the more user friendly transaction statements is GR8.
Very helpful Ta

[kiwi_on_OE]

Hi there Darchie.
We are working on the new fee structure and this should be announced shortly. And it will address the rewrite. I'll check on the joint investors - not one that I am aware of that has been asked for by others. Monica.mathis@harmoney.co.nz

They have been saying this for a while now, so I wouldn't hold you breath.

My re-writes have all happened within a month (or so) of the loans being taken out. But I'm pretty new to Harmoney, so I imagine that will change.

[kiwi_on_OE]

What's other peoples experience with loans going into arrears at the first payment?

[Saamee]

What's other peoples experience with loans going into arrears at the first payment?

Yes had at least 10 loans that have never rcecieved a 1st payment - some are from August last year - however still not written off yet!

[kiwi_on_OE]

Yes had at least 10 loans that have never rcecieved a 1st payment - some are from August last year - however still not written off yet!

Thx Saamee. So you've never received any payments on those ten loans? Getting into arrears on the first payment surprises me. Perhaps I'd be less surprised if it was an E or F category loan, more surprised on A or B loans. I would be interested to know the typical profile of delinquent loans. So not what percentage have been deliquent, but when it happens eg. http://blog.zopa.com/2006/07/13/bad-debt-rates/

[Knot]

2 so far have never made a payment

[Monica@Harmoney]

Hi mathismo
Having this swift access to borrower details is Really really Good .. but it's made me realise just how often I relied on checking the:

... 'actual amount they'd borrowed' ...

would be helpful to see that figure included in the detail, if possible!

and Having access to the more user friendly transaction statements is GR8.
Very helpful Ta

Thanks so much for your feedback. We will try and get this in as soon as possible. Great idea. Monica.mathis@harmoney.co.nz

[Monica@Harmoney]

Thx Saamee. So you've never received any payments on those ten loans? Getting into arrears on the first payment surprises me. Perhaps I'd be less surprised if it was an E or F category loan, more surprised on A or B loans. I would be interested to know the typical profile of delinquent loans. So not what percentage have been deliquent, but when it happens eg. http://blog.zopa.com/2006/07/13/bad-debt-rates/

Hi Saamee and Kiwi on OE - the first payment for all new loans is the date, one month past the contract date. In New Zealand it is quite normal for people to try and align their payments to their PAYE or income date. Often if this date is later than the contract date, this can mean they miss their first payment, however the repair rate is very very high indeed. Monica.mathis@harmoney.co.nz