My apologies for the verbatim post last night… But it was late…
Here are the changes that affect me as a lender and 3rd party developer…
On the Lender screen in the active loan summary there has been added a break down of payments received as well as a summary (principal, interest, and late fees). And a breakdown and summary of the value of loans (principal outstanding, interest accrued, and late fees accrued). Also, they added a cool little stat: Daily interest accrual. I am accruing $5.43 a day in interest.
The performance page is MUCH faster. I think the user history page is much faster as well.
The referral program on the borrower side is now a flat $35 referral fee. This is a good change I think. One it is easier to understand than the 0.5% of loan size. Two it is more than the $25 referral LendingClub is currently paying on the borrower side.
A consolidated electronic 1099 this year. Thanks! That will be much easier than last year.
I know I said this was lender and api commentary, but the borrower guidance feature might improve on-time and late recovery payment statistics. Which, if it can be improved I am all for it.
The webservice API added a new un-authenticated object: Marketplace. I think an interesting rotating flash widget could be made using the FeaturedListings.
Marketplace Object
Description: The Marketplace is a collection of metrics and statistics about the Prosper Marketplace. These metrics are calculated daily.
| Name | Label | Type | Authenticated | Description |
|---|---|---|---|---|
| FeaturedListings | Featured Listings | ProsperObject[] | No | This returns an array of Listings which are the current featured listings without any authenticated fields. |
| HistoricalInterestRatesTable | Historical Interest Rates Table | xml | No | This returns an xml table with the average interest rates by loan amount, credit grade, and group membership on loans already funded on Prosper. |
| LoanVolumeToDate | Loans Originated Amount To Date | decimal | No | The total dollar amount of loans originated to date. |
| MembersToDate | Members To Date | integer | No | The total number of members to date. |
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