Today we are sharing performance data from the Prosper Portfolio for November 2018.
Highlights from the November report include:
- In November, 62% of originations were rated AA-B and WA FICO was 716, an increase of 10 points since Q3 2017.
- Average loan size on the platform is $13,455, approximately $150 lower since 2018H1. This decrease is driven by our continued focus on limiting loan amounts based on a borrower’s income and ability to pay.
- WA Borrower Rate for November originations on the platform increased by 38 bps compared to October 2018. This increase was largely mix driven; the weighted average borrower rate would have increased month-over-month by 8 bps without the shift in rating mix.
The Prosper Performance Updates are designed to help our investor community better understand performance trends and to provide important insights into the trends we are seeing and the information needed to invest through the Prosper platform.
If you wish to add your name to the monthly performance update list, please email [email protected]