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Prosper Performance Update: May 2018

Today we are sharing performance data from the Prosper portfolio for May 2018. Prosper is continuing to migrate to a higher rated credit book. 54.1% of originations for the month of May were rated AA-B.

Today we are sharing performance data from the Prosper portfolio for May 2018.

Highlights from the May report include:

  • Prosper is continuing to migrate to a higher rated credit book. 54.1% of originations for the month of May were rated AA-B.
  • Dollar WA FICO for the month of May was 712, a slight decrease of 4 points since April but 9 points higher as compared to Q2 2017.
  • Month-over-month the average loan size on the platform is tracking lower by $493 (~3.6%) driven by credit tightening actions focused on limiting the loan amounts based on income and ability to pay.
  • The WA Borrower Rate on the portfolio increased 58bps vs. April. Year-to-date the platform has increased borrower rates by 74bps to stay in-line with the changes in the interest rate environment.

Please note we have eliminated all estimated figures from the report.

Portfolio insights and key charts can be found here.

As always, 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]

 

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