Warning: base64_decode() expects parameter 1 to be string, array given in /home/teamgillett/rateladder.com/wp-content/plugins/askapache-google-404/askapache-google-404.php on line 156
Standing Order Technique for Prosper Non Autofunding Loans | P2P Lending, Peer to Peer Lending, People to People Lending | P2P Lending News, Information, Borrowing and Lending Strategy

Standing Order Technique for Prosper Non Autofunding Loans

As regular readers know, the non auto funding loans are the bane of my greedy standing order algorithms.  I have been experimenting with the advanced search sent out by Prosper in the recent overlooked listings email campaign (I have gotten 2 how about you?)… 

The advanced search that was sent with the email has reasonable rates (relative to site averages) and fairly tight extended credit. Here is a link (you must be a lender) for reference: Prosper Overlooked Listings Advanced Search

I found the list to be interesting and started thinking…. (play jeopardy sounds)…  maybe the less than 80% criteria combined with a greater than 20% criteria can keep me out of listings that launched to 100% funded only to have my SO outbid, but still find listings that fund.

So I took the Prosper Search, tightened the credit to my requirements and increased the rates to 1 sigma over site averages.  This reduced the listings from ~70 down to ~2-8.  This new list had loans that will fund most of the time, but were not the bid down darlings of the lender community…  Contrarian…  Time to Zig while others are Zagging…  I like it… 

I created a standing order out of this advanced search and gave it $350 to invest.  I will keep you up to date as to what happens…

Here is my advanced search: RateLadder Overlooked Listings Advanced Search

Related posts:
If you liked this article, vote for it on del.icio.us and stumbleupon.


Categories:

Prosper.com, Strategy



Tags:

,


0 comments ↓

There are no comments yet...Kick things off by filling out the form below.

Leave a Comment

aa algorithm axis azerbaijan banks benefit blog borrowers ceo Collections credit grade credit history credit information credit score curves doug fuller email friends and family good luck google income borrowers interest rate interest rates investments launch lenders lending institutions liquidity loans marketplace money mozambique peer to peer lending portfolio plan private data promissory notes quiet period registration statement risk securities and exchange securities and exchange commission spreadsheets sql student loans Zopa