P2P-Banking

P2P Lending Marketplace News and Reviews

Even more data transparency – Prosper adds missing link

August 17, 2007 wiseclerk

Prosper.com now makes the link between loans and listings available. With this new feature now everyone can see the status of the loan payments of every borrower. On the borrower profile page there is now a "Loans" tab:

Previously only lenders invested in a loan could directly see, which status it had. All others had to use 3rd party tools like Wiseclerk.com. Those had to program their own matching algorithms since no key matching loans to listings was published by Prosper.

Prosper has always been the p2p lending service that made most data available about its market.

I will have to look into which parts of Wiseclerk.com I need to rebuild to make use of the new information linking listings to loans.

Further improvements that Prosper announced include reporting to Transunion and enabling borrowers to repay directly using money in their Prosper account.

 

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