I want to avoid changing the origination fees by too much, until we discuss borrower rewards as these 2 things are linked.
I would prefer lower origination lower borrower rewards, versus raising origination to justify current rewards.
EDIT: Also not calling anyone out, and also this applies to myself, I would like people suggesting values, to have some sort of basis. I think throwing out gut feeling numbers is not a good method.
One way can be to see the ongoing rate at popular lenders, and then ask ourselves, how long do we want the ‘break even’ point to be. On those other popular lenders, how much volume of borrowing is for X weeks, Y months, Z years. If we know okay 85% of borrowing on platform A is more than 1 year, we can ask do we want ot compete with that and to steal that market share, if we undercut that, it coul d increase borrowing by D amount increasing network fees by E.
If anyone has any such insights, or knows where to get them, please help everyone else out.
EDIT2: Also I would like any error in judgement to be on the ‘too low’ side. If fees are too low, we lose some revenue, if fees are too high, we can kill growth, which is IMO a worse outcome