I have decided to take RateLadder.com to the next level. Instead of having just static content, I will be launching a series of live crystal reports that run off the nightly prosper data.
The first report is the actual Prosper Loan Rate Analyzer that I use when evaluating and reviewing a loan in my own portfolio. For input it takes the credit grade, debt to income ratio, and loan amount. It looks at all loans in the last 100 days with the same credit grade, DTI +/-5%, and loan amount +/- $5,000 dollars. It returns a graph of the average interest rate by loan amount and calculates the number of loans, average amount borrowed, weighted average interest rate by amount borrowed, and the standard deviation of the interest rate. Give it a try by clicking the link earlier in the post or on the page link to your right. FYI: Prosper loans are from $1,000 to $25,000 dollars.
If you have an idea for a crystal report I would love to hear it. kevin [at] rateladder [dot] com.
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