All completed listing go through a verification process. This step is when Prosper vets the information given in the listing in regards to employment and debt to income ratio. When a listing is cancelled due to some discrepancy it is great (thank you Prosper!), but yet it can be painful. Your money is locked up and not earning interest until the loan is funded post verification. Is there a difference is success full verification for auto funding vs non auto funding?
First of all there have been 7716 total listings with a status of Completed or Cancelled and 6937 with a status of Completed — 92.3% of completed listings make it through verification.
For auto funding there have been 3550 listings with a status of Completed or Cancelled and 3255 with a status of Completed — 91.7% of completed listings make it through verification.
For non auto funding there have been 3962 listings with a status of Completed or Cancelled and 3682 with a status of Completed — 92.9% of completed listings make it through verification.
Seems like a wash to me.
Related Posts -
New Loan Funded #5989 -- $2850 in 45 loans A new loan funded this afternoon (#5989 -- PAYING OFF CREDIT CARDS AND HOME IMPROVEMENT -- $22,000 14.55%). I participated via my standing order: High DTI -- NAF. Which is this loan was funded as high debt to income ratio and was a non auto-funding loan. Here is the credit of the...... -
Why Would a Lender Want to Join a Group? -- Prosper Group Analysis Part 2 Previously I posed several questions on prosper groups. Here is the second installment of answers. Why would a lender join a group? I think that the answer must be you are getting a higher ROI and/or that you are supporting some ethical, political, collegiate, or ??? value. Given that I...... -
Prosper Repurchases A Loan Yesterday, I had one of those bitter sweet moments. Sweet in that a loan I had been writing off in my mind as bad was repurchased by Prosper for the full principal balance. Bitter, because I really believe I am helping people with these loans and yet someone would take...... -
New Loan Funded — Too Much Business / Need to Expand — $9,500 at 20% — AA Credit — DTI 45% A new loan funded (Too Much Business / Need to Expand â $9,500 at 20%). I participated via a 2 standing orders (Low Amt Extreme DTI and Low Amt Any DTI) and a manual bid the loan was Autofunding. The borrower had AA credit and 45% DTI. As a reminder my standing orders...... -
New Loan Funded — paying bills — $5,000 at 26.00% — D Credit — DTI 12% A new loan funded (paying bills â $5,000 at 26.00%). I participated via my new standing order: Low Amt, Low DTI â AF. Which is this loan was funded as a low amount requested, low debt to income ratio and was an auto-funding loan. The borrow had D credit and......
Related Websites -
The 7 Steps To Internet Marketing Success Have you achieved all you wanted to achieve in the last 12 months? - Chances are you didn't know what you wanted to achieve... So in theory my first question may be difficult or even impossible to truthfully answer. If, like me, you are wanting to build a successful online...... -
Lifestyle Inflation Or Economic Inflation - Which Harms Us The Most? Over the weekend I caught up on some blog reading and found an old post from The Simple Dollar where Trent discussed the differences in today's budgets from those of our parents. It was an interesting post, and the comments provided more food for thought. I began inventorying our own...... -
A List of Superfoods As we have been talking about lately, superfoods are an important part of your daily life if you want your health and well being to be maintained. The following is a list of superfoods that you should implement in your diet on a daily basis or weekly basis if you...... -
Buying your Postage Stamps Online With the wide availability of different stamps from all over the world, there is an enormous selection from you to take from when it comes to buying postage stamps online. The following tips should help you when it comes to expanding your stamp hobby by purchasing and even selling your...... -
Barclays Premier League Analysis for December 19th 2009! [/caption] Good Morning Folks! Both Champions League and Europa League are now off until February, so we can enjoy two months of Barclays, since they don't really have an actual winter break! Quite few interesting games today! We will analyze them first, then I will show you a system that......
Categories:
Prosper.com, Statistics
Tags:
0 comments ↓
There are no comments yet...Kick things off by filling out the form below.
Leave a Comment