Prosper recently announced it will launch a new digital Home Equity Line of Credit (HELOC) product in 2019. The introduction of Prosper’s new HELOC offering marks another milestone for the company, which launched in 2005 at the first peer-to-peer lending company, with more than $13 billion in personal loans originated through its platform to date. […]
Today we are sharing performance data from the Prosper Portfolio for September 2018. Highlights from the September report include: In September, 61% of originations were rated AA-B as Prosper continues to reduce the risk profile of originations on the platform. Dollar WA FICO for the month of September was 717, remaining flat month-over-month and increasing […]
As one of the largest online marketplaces for consumer credit, Prosper regularly calibrates its credit and pricing models in order to maintain a balanced and sustainable marketplace that is equally appealing to both borrowers and investors. Today, we are providing an update on the credit and pricing changes on Prosper’s platform in 2018. These changes are […]
Today we are sharing performance data from the Prosper Portfolio for August 2018. Highlights from the August report include: In August, 63% of originations were rated AA-B as Prosper continues to reduce the risk profile of originations on its platform. Dollar Weighted Average (WA) FICO for August was 717, an increase of 2 points since […]
This week, Prosper crossed an important milestone on our journey to helping people achieve financial well-being: Over 1 million loans have been originated through the Prosper platform, totaling about $13 billion.
Prosper will be changing the way we present the return information on our website and will begin providing historical return data for each Prosper rating. This move from expected returns to historical data is intended to give our investors even greater insight into the Prosper platform’s performance as they make their investment decisions.