Peer-To-Peer Lending: Classification in the Loan Application Process

Round  1

Reviewer 1 Report

In the research paper, the authors study the processing of peer-to-peer loan applications, respectively the reproduction of the existing credit application processing algorithm and the identification of the features used in the process.

The work is well structured and the objectives are well defined in relation to the research theme proposed by the authors.

The research methods used by the authors, namely the loan application process, which is a binary grading procedure and which classifies a specific loan application in two classes (approved and refused credits) are adequate and consistent with the research of the processing of loan applications peer-to-peer lending.

The authors, through the objective of this paper, demonstrate how they solve the issues related to the classification of credits by P2PL companies, and as a concrete example, the authors took over the case study at Lending Club due to the historical availability of data describing the credit classification decisions.

Considering the scale of global financial innovation, peer-to-peer lending is an innovative form of lending launched in recent years, more to the authors' determination to use a research tool with very tangible results, we believe that in order to be and for other scholars interested in this field, the authors should suggest in the conclusions and direct recommendation of this research theme and the impact on concrete cases as the Lending Club mentions.

With these completions to the conclusions/recommendations, we congratulate the authors for the chosen topic and propose the research paper for publication.

Author Response

Thank you for your comments concerning our manuscript entitled "Peer-to-Peer Lending: Classification in Loan Application Process". Those comments are all valuable and very helpful for revising and improving our paper.

 We have studied comments carefully and then addressed the comments provided by reviewers. We modified three sections of the manuscript: Abstract, Introduction, and Conclusion. 

Other changes:

The statements of "Lending Club company" were corrected as "LendingClub", which is the name of this company.

Line 192, "defition" was corrected as "definition".

Line 220, "constratints" was corrected as "constraints".

Line 238, "one dimensional minimization" was corrected as "one-dimensional minimization".

Line 382, "sugegsted" was corrected as "suggested".

Thank you again for your comments.

Sincerely,

Xinyuan Wei

Reviewer 2 Report

Please find attached the Referee Report.

Comments for author File: Comments.pdf

Author Response

Thank you for your comments concerning our manuscript entitled "Peer-to-Peer Lending: Classification in Loan Application Process". Those comments are all valuable and very helpful for revising and improving our paper.

 We have studied comments carefully and then addressed the comments provided by reviewers. We modified three sections of the manuscript: Abstract, Introduction, and Conclusion. 

Other changes:

The statements of "Lending Club company" were corrected as "LendingClub", which is the name of this company.

Line 192, "defition" was corrected as "definition".

Line 220, "constratints" was corrected as "constraints".

Line 238, "one dimensional minimization" was corrected as "one-dimensional minimization".

Line 382, "sugegsted" was corrected as "suggested".

Thank you again for your comments.

Sincerely,

Xinyuan Wei