Wait for the Bidding to End

What are the possible outcomes of my bid?

When you place a bid on a listing, it can have one of the following 3 outcomes:

			Winning: If the full amount of your bid is being used to fund the loan (as of now), it will be considered "winning". If another lender offers a better rate, however, your winning bid could become outbid.
			Partially winning: If only a partial amount of your bid is being used to fund the loan, it will be considered "partially winning", and the outbid portion of your bid will be returned to your account. If you are partially winning, it is also an indication that you are the next lender who will be outbid as new bids come in.
			Outbid: If none of your bid is being used to fund the loan, it will be considered "outbid", and the full amount of the bid will be returned to your account.

If my bid is "winning", will I definitely get the loan?

Not necessarily. Every listing on the marketplace is an auction (even automatic funding listings), so if the listing is still active (still has time left) your winning bid could be outbid at any time by a lender with a lower interest rate.

What does it mean to be "partially winning"?

Because there are cases where lenders with lower minimum interest rates are preventing other lenders from participating fully in a loan, we allow lenders to be "partial winners" in a listing. This means that only a portion of the lender's bid was used in funding the loan.

Lenders with "partially winning" bids can place new bids to get more participation in the loan listing.

If my bid is partially winning, can I use the non-winning amount to bid again?

Yes, you can use the remaining available bid funds to make a new bid on any listing.

What if two lenders bid the same interest rate? Who wins?

If two lenders bid the same minimum interest rate and there is only room enough for one to participate in the loan, priority for loan funding will be given to the lender who bid earliest.

I was outbid! What now?

If you were outbid, it means that there were other lenders who bid lower than your minimum rate. You might notice that the lender rate dropped somewhat since you placed your bid.

If you were outbid and still want to participate in the loan, you should place a new bid on the listing with an even lower minimum rate.

Why am I always outbid by others who bid the same rate?

If you were outbid, it means that other lenders bid at a lower minimum interest rate than yours. Other lenders' interest rates are not displayed, so even though it might look like they are bidding at the same rate you bid, that is not necessarily the case. This hidden bid auction style guarantees the best rates for everyone involved.

If you notice that the interest rate on the listing has dropped since you placed your bid, you may still participate by placing a new bid on the listing with a lower minimum rate.

Can I bid again on a listing that I have already bid on?

Yes, you can always add more bids to a listing, even if you have already bid in the past. Each of your bids will be judged separately, so it is possible that you will win some and lose some (no pun intended).

Can I cancel my bid?

No. Bids cannot be cancelled or withdrawn at any time.

How can I find out whether I'm winning or losing?

If you are signed in, the status of your bid on a particular listing can be found by going to the listing page itself. A message at the top of that page will indicate whether you are winning or not. Don't take it too hard if you're losing—just bid again!

You can see the status of all your bids at a glance by going to "My Account > Lending" and clicking "View bids". Go there now.

I'm a winning lender and the listing is finished. What happens next?

As soon as a listing ends with 100% funding, it goes to our credit team for review. During this time, the status of the listing is shown as "pending review". Learn more about listings pending review.

As soon as the review is complete, your money will be immediately transferred to the borrower's bank account, you will start earning interest on your loan, and you will receive your first monthly payment starting one month later. Learn more about loan origination and borrower payments.

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