Posts Tagged ‘ Lenders ’

Prosper is pleased to inform our Lenders in Florida that we have received state clearances and are now effective for business. We already have hundreds of lenders and borrowers participating in the first auction based peer-to-peer loans platform and welcome our members in Florida back to our community. Continue reading Prosper now open to Florida Lenders

One of the early trends we are seeing in the marketplace since re-launch is a dramatic improvement in the quality of listings.

• The average credit score of listings on the site improved from 584 in early October 2008 to 711 in the first two weeks since re-launch. Continue reading Quality Loan Listings On Prosper.com

The current financial crisis has put enormous stress on our economy and unfortunately everyone in the consumer lending business, including Prosper lenders, are feeling the effects. Although credit losses are always unwelcome, they are an unavoidable fact of consumer lending and only represent half of the return equation. Continue reading Why Prosper’s Auction Model Was Worth The Wait

Collections.  A subject close to everybody’s heart. Over the next two or three weeks, I intend to publish a number of posts discussing various aspects of collections – the status of the legal test and evolving legal strategy; debt sales and collections on charge-off accounts; additional plans for collections strategy and reporting. Continue reading Collections Series - Part 1

Although Prosper completed the federal regulatory process, Prosper must also complete a different regulatory process for each state before lenders in that state may invest though our marketplace. 

We are diligently working through the process, but ultimately Continue reading Prosper is working hard to gain access for investors in all states