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Prosper Performance Update: October 2018

Today we are sharing performance data from the Prosper Portfolio for October 2018.

Highlights from the October report include:

  • In October, 63% of originations were rated AA-B as Prosper continues to reduce the risk profile of originations on the platform.
  • Dollar WA FICO for the month of October was 716, relatively flat month-over-month and an increase of 10 points since Q3 2017.
  • Average loan size on the platform is $13,089, approximately $500 lower since the first half of 2018. 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 October originations on the platform decreased by 16 basis points (bps) compared to September as the portion of originations rated AA-B increased. The weighted average borrower rate would have increased month-over-month by 7 bps without the shift in rating mix.
Portfolio insights and key charts can be found here.

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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