Applying for a HELOC has traditionally been a cumbersome process involving a lot of paperwork, long wait times, and trips to the bank. That’s why Prosper partnered with BBVA to create a digital HELOC experience. A HELOC through Prosper lets consumers complete their application online in minutes in order to receive an instant offer. The […]
We are pleased to announce that the San Francisco Business Times and Silicon Valley Business Journal recognized Prosper as a 2021 Bay Area Best Places to Work for medium-sized companies. The annual awards shine the spotlight on 125 local companies whose employees rate them as exceptional. “This award highlights what makes Prosper so special – our people. As we […]
BBVA USA, the U.S. subsidiary of Madrid-based BBVA, today announced it is offering a digital Home Equity Line of Credit (HELOC) through its website, powered by Prosper, a leading online marketplace for consumer loans. Prosper’s digital HELOC platform, which was developed to simplify the process of applying for and obtaining a HELOC, is now available to BBVA USA customers in select states via the BBVA-branded version of the platform.
Since the last investor update in April, the overall macro-economic environment has shown signs of improvement, while at the same time, a recent resurgence in COVID-19 cases and subsequent shutdowns by several states pose a risk to the ongoing recovery. At Prosper, we remain disciplined and cautious with respect to the current environment and we continue to take actions on both the current servicing book as well as new originations to help actively manage investor returns.
One of the pandemic’s most maddening features is its lack of predictability. And, while the Prosper team can’t know the future, we can promise you this: We will continue to serve our borrowers by working with them to manage the challenges they’re sure to face in the coming weeks.
Nearly 15 years ago, Prosper launched as the first peer-to-peer lending platform in the U.S. As of today, more than 1 million people have gotten a personal loan through Prosper!