Monitor Group Listings and Loans |
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Why should I care about my group's listing and loan activity?Your group's payment history, funding rate, default rate, loan listings, and member pages will all have an impact on your ability to attract bidders to your group’s listings. If you have delinquencies (borrowers who pay late) and defaults (borrowers who never pay) in your group's history, lenders think twice before requesting membership or placing a bid. On the other hand, if your group has a clear offline affiliation, and the listings are sincere and also well-described, it can be a real advantage! The more you put into personalizing and making your group look great, the more attractive it will be to everyone. If you're working to set your group up with the best loans possible, you'll help your group's reputation and members. Why is this my responsibility?As the group leader, all of your group members will be looking to you for guidance on using Prosper. You probably know more than they do about what it takes to build success on Prosper, so try to anticipate your members' questions and help them with their listings. In the end it'll make your group stronger. How can I keep track of my group's listings and loans?If you want a quick overview of your group's current activity, you can access it on the "My Account > Group" page. You'll see a summary of the number of active listings and loans—you can also dig deeper into some of the details behind those numbers. If you want a more detailed view of your group's activity, go to "My Account > Group", click on "View members" and take a look at your members' activities, watching for new listings and loans. Can I review my borrowers' listings before they appear in the marketplace?Yes. Just go to "My Account > Group", and click "Edit group profile", and then "Edit profile". Once you're editing your group profile, you can set the "Listing review" setting to "Required", which will force all of your borrowers' listings to be approved by you, the group leader, before they become active on the marketplace. How do I approve or decline my borrowers' listings?If your group requires listing review (see above for instructions on how to do this), you will receive an email notifying you of new listings that require review. You will also be able to access a summary of listings requiring review from the "My Account > Group" overview page. When you receive a request to review a borrower listing, you have 7 days to approve or decline the listing. If you do not approve or decline the listing within 7 days, the listing will be cancelled and the borrower will be notified. The borrower may withdraw his or her listing at any time, reviewed or not. When you review a listing, you may approve or decline the listing:
When you review a listing, you will have the ability to add a public endorsement to the borrower's listing which can be viewed by lenders. Additionally, you can add a private message that will be delivered to the borrower along with your decision. Is there any way to keep my group's listings and loans off of the group home page?No. One of the reasons Prosper works well is because everyone can check in and see how a group is doing at any time, and can view specific examples of that group's performance. This is a big reason why you should try to make sure your group's listings are both serious and attractive. No lame ducks. |
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