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Prosper’s December 2016 Performance Update
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Prosper’s December 2016 Performance Update

Prosper’s December 2016 Performance Update

Fintech Nexus Staff·
News RoundupOnline LendingUSA
·Jan. 20, 2017·1 min read

Estimated return for December 2016 production is 6.45%; PMI7, Prosper’s underwriting model, was put in place late December, 2016; models are updated every 12 to 18 months; average FICO was higher than lows in 2015 and 2016 but is expected to decrease with an increase in lower grade loans as a result of the new credit risk model; prepayment rates increased and delinquency rates were lower; cumulative gross charge offs have increased but are expected to trend lower.  Source

  • Fintech Nexus Staff
    Fintech Nexus Staff

    This piece was created by one of our content team members. Reach us at [email protected]

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