As a trader I can review loan payment history and credit score changes since the date the loan was issued, as well as the original loan listing. I can buy Notes that have a shorter time period to maturity. I may be able to find Notes priced below their fair value. And it is the seller that pays the 1% trading fee.
Lending Club opened up to lenders again at just the right time now that lending at Prosper is temporarily closed. According to the Lending Club blog, Utah, where I live, has already been added.