I started my RSS feeds on March 18th… I thought I would check in on my favorite (Underappreciated Listings)…
There have been 827 listings profiled, requesting to borrower $9,057,314 or $10,952.01 per loan on average.
Here is the listing status break down…
| Status | Total Amount | Number | Per Loan |
|---|---|---|---|
| Cancelled | $455,274 | 31 | $14,686.26 |
| Pending Verification | $380,650 | 31 | $12,279.03 |
| Expired | $3,143,552 | 287 | $10,953.14 |
| Completed | $2,088,601 | 210 | $9,945.72 |
| Active | $807,506 | 83 | $9,728.99 |
| Withdrawn | $2,181,731 | 185 | $11,793.14 |
And here is the Current Loan Status for Completed Listings…
| Status | Total Amount | Number | Per Loan |
|---|---|---|---|
| Payoff in progress | $25,000 | 1 | $25,000 |
| Current | $2,063,601 | 209 | $9,873.69 |
I think this shows a couple of things… One, Prosper is performing some verification (cancelled listings). Two, underappreciated listings are performing admirably thus far. Three, Lenders are leaving a bunch of very fundable loans on the table every day… (at least $50K per day from this RSS feed.)
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