New Data Enhancements for Investors

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New Data Enhancements for Investors

by Prosper on 12/3/12

We are excited to announce three new enhancements that we believe provide our investors with more decision-making data than any other peer-to-peer lending platform.

Expanding Investor Data Access

First, we now support a CSV download format for a view of our loan performance data. For each loan, you will find a selection of credit attributes from the loan application as well as variables related to the performance of that loan, like final loan status and total principal and interest paid. By combining these sets of data, we have made it possible for investors to more easily construct and test their own investment strategies. This simplified data format will replace the more cumbersome XML format that we’ve used to date. Note that this means that certain types of data, including information related to group membership, member profiles, and bids, will no longer be available in the data export.

You can find the Loan Data Export file on our new Download page. (You can also access this page via the “Download Data” link on our Performance page while logged into your account.) This file will dynamically update on a daily basis.

Expanded Underwriting Information Preview

We are also working to make new sources of data available to guide your decision-making where we can. In 2011 we initiated a project to expand the amount of information considered when determining our Prosper Score. This expanded information will allow us to make better underwriting decisions across the platform, and we are also making it available to you today.

The first component of this data is the Expanded Underwriting Archive, also available on our Download page. The Archive file has a large number of application attributes and performance variables, allowing you to test and develop a wide variety of investment strategies.

Most of these variables are not yet available to investors through our API, however. To enable you to execute your new strategies based on the expanded dataset in the short term, we are also making available a Recent Listings Sample with Expanded Underwriting Data. This file includes a sub-set of recent listings for which we have these expanded bureau attributes.

Finally, we are releasing an Underwriting Archive Data Dictionary for use with the Archive and Listings Samples. There is a lot of data included in those files, but the Data Dictionary should make it easy to understand what you’re working with.

We are truly excited about these developments and believe that they provide our investors with far more information than any other investment platform. Thank you for continuing to invest with Prosper, and please contact us directly at investorteam@prosper.com or leave a comment below if you have any questions about the new data enhancements.

brian

Hi. It would be nice to have more ability to interact with our account information, especially with respect to changes in account data through time. I keep a running spreadsheet of my entire account balance and number of late loans, charge offs, interest gained, total number of loans, and basically about 20 columns in my spreadsheet so i can see how these factors have changed through time and plot them on graphs. It would be nice if the account details page saved this information, more similar to a brokerage account so I could chart my gains and losses through time without the cumbersome task of recording all of this info in my spreadsheet from my account details page each night.

thanks
ProsperLoans

Thanks for the feedback Brian- We are always looking for ways to enhance our investors’ experience with the platform. This kind of feedback is very valuable as we put new functionality and tools in place.
Don

In the filter selections for browsing notes, a filter for “verification stage” would be useful in screening available notes.
http://www.facebook.com/thaiboxer Rob Ure

How about creating some free standard data visualization templates for us? Build them in Tableau and make them available to download. Us users could utilize the free end user version of Tableau, with your templates, connect to our data, and graphically learn a lot more about how our loans are performing, and which strategies might be best to employ. You could put out some great analytic tools that your competition cant, and we the end users could use for free… and your cost to provide this would be minimal. A real win-win. And wayyyy better than Excel spreadsheets!
http://www.facebook.com/people/Jake-Larsen/17822089 Jake Larsen

I’d like to see some value in the Account summary page that displayed the “Average Months to Maturity” of all notes held in the account. This would help me manage credit risk.
Jack

When looking at my list of notes it would be handy to have a “payments due this week” view.
http://www.facebook.com/profile.php?id=675430574 David Sawicki

An couple of areas of interest to me would be to see “Expecting income for the week” when looking at my overview. Based on note payments due this week. To expand on this a selectable time frame would be helpful in ‘preparing’ investment target groups i.e. A,B,C,etc so that I can maintain a balanced portfolio.
Also, I’m a Quicken user and would love to have the ability to either import my portfolio data and track gains and losses through quicken. Having the ability to treat it as an investment account is ideal. This will help me with the fancy charts I like to view on a monthly basis and track overall progress as it pertains to the data I have in my quicken database.
http://twitter.com/WallyWellwisher WallyWellwisherPress

This is great! Thanks. Now I can do modeling and invest in Prosper loans again.

posted in Featured,Lenders,Prosper News 8 comments »

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