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Prosper Standing Order Lending Strategy Updated Post Prosper Days 2007

February 13th, 2007 | Prosper Days 2007, Prosper.com, Strategy 

In the large lender panel pensioner state that he focuses exclusively on 20%+ loans and C, D, and E credit grades.  While I don’t have the risk tolerance for those default rates  I thought I should impose a rate floor.  I have chosen 15%.  I have adjusted all my standing orders to no longer bid on any loan less than 15%.  If a standing order had a lower rate for a particular grade I raised the rate to 15%.  All other rates remain the weighted average over the last 100 days plus 1.5%.

In addition, I have chosen to add an additional extended credit requirement.  I will now only bid on listings that have a debt utilization of 5%-70%.  I am not able to test this new assumption using the Prosper ROI performance tool as that information does not exist in old data.

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