Oct 10, 2017
I thought they were great when I first started investing with them in August 2014. Things went as expected with regular interest payments and loan payoffs within a month or two of the original estimate. At this point in time I have more nonperforming loans than performing loans with them. 3 of my loans were foreclosed and sold and I am waiting on the back interest and principal. I think they tried to grow too fast and got lax on their underwriting. I won't be investing any new money with Patch..