Connect with us

Hi, what are you looking for?

Company News

Prosper Updates its Data Policies and Reiterates Commitment to Investors and Data Quality

Prosper has recently made the following updates to its API and data files:

  1. As of January 25th, historical data for each calendar quarter will now be made available 45 days after the close of the quarter.
  2. Investors on the Prosper platform will still have access to the same data for new listings as they are deciding whether or not to bid on loans.
  3. Additionally, investors will still have access to the same performance data for the notes and loans they own.

We are making these changes in order to protect our intellectual property and proprietary data, not to inhibit our clients who are using the data for their credit models and to make investment decisions. We understand that our investors need our data to analyze investment performance, but we also need to ensure that people can’t reverse engineer our underwriting model. One of Prosper’s main competitive advantages is our data asset, and we have spent a considerable amount of time and effort building it. These changes strike a balance between maintaining appropriate levels of transparency and protecting our intellectual property.

We remain committed to providing a true marketplace connecting borrowers and investors. We will continue to be a collaborative player and support our clients, partners, and the industry ecosystem, and we have plans this year to invest in building the retail channel. We look forward to working with all our investors and are committed to answering any additional questions about these changes.

Investors can contact us at [email protected] or by phone at 877-611-8797.

Click to comment

You must be logged in to post a comment Login

Leave a Reply

Join our mailing list

Latest

Investor Center

Today we are sharing performance data from the Prosper Portfolio for September 2021. Highlights from the report include: Performance Update In September, approximately 67%...

Credit Management

The consumer finance sector is highly competitive, and consumers often have many options to transfer and repay debt. For example, credit card companies frequently...

Credit Management

For many families, homeownership is an investment for the future. Buying a home is the largest and longest financial commitment most of us will...

Investor Center

Today we are sharing performance data from the Prosper Portfolio for August 2021. Highlights from the report include: Performance Update In August, approximately 67%...

Credit Management

Today, we are excited to announce the release of our new eBook, Your Ultimate Guide to Debt Consolidation, which is now available to download...

Home Renovations

Home renovation can be a challenging process, but financing your renovation doesn’t have to be. There are many ways to fund your home improvements,...

You May Also Like

Credit Management

Unemployed and looking for ways to borrow money? We’ll reveal what options you have when it comes to accessing emergency loans with no job.

Best Practices

Even before COVID, expensive healthcare costs had many Americans wondering what happens if you don’t pay medical bills. If you’re struggling with medical bill...

Financial Literacy

Financial literacy is the know-how to manage your money and plan for your financial future. If you’re not entirely comfortable with money or aren’t...

Finance for Homeowners

Taking out a HELOC to pay off your mortgage is a common practice among many homeowners today. Read more to find out the pros...

© 2005-2021 Prosper Funding LLC. All rights reserved.