LendInvest, a peer to peer lending platform for secured commercial mortgages, has updated their tech adding an auto-invest feature for investors. This allows individuals to manually select specific metrics on loans and once an asset that matches your criteria, you will automatically invest.
LendInvest describes the functionality:
You can select to Auto-Invest your whole cash balance, or you can set a maximum amount that you’d like to invest through Auto-Invest. You are also able to select a maximum amount you wish to Auto-Invest in any single loan. You can also set to only Auto-Invest in loans that have certain maximum Loan to Values (LTVs) or minimum rates of return, or you can select to Auto-Invest across all Current Loans.
LendInvest is following a trend of marketplace lending platforms adding functionality and features for both individual and institutional investors to make it easier and more efficient to allocate capital. Â The evolution is somewhat similar to what occurred in the online brokerage industry where programmed variables for buying or selling securities – has exploded. Â We would expect a growing convergence in this direction as scale meets growing investor demand.