Prosper's November Income

This is part of my continual effort to calculate Prosper's corporate income. The criteria have been adjusted to account for the varying lender service fee that Prosper has charged over time. If you may recall, at one point Prosper charged 0.5% to service all loans. On Feb 12, 2007, they shifted to 1% for B - HR loans and on Oct 30, 2007 they changed AA to 0.0% and A to 1.0%. I had previously used 0.5% for AA - A, and 1.0% for B - HR. (Bloggers note: yes, I'm running behind. I'll have December's income sooner or later).

And with that, into November First, origination income:

Credit Grade	Loans Originated	Borrower Fee	Income
AA	$1,345,959	1.0%	$13,459
A	$1,399,375	1.0%	$13,993
B	$1,599,181	1.0%	$15,991
C	$1,200,586	1.0%	$12,005
D	$578,809	1.0%	$5,788
E	$149.684	2.0%	$2,993
HR	$156,647	2.0%	$3,132
Total			$67,365

And now loan servicing income:

Credit Grade	Outstanding Loans	Lender Fee	Income
AA	$10,454,327	0.5%*	$4355
A	$11,928,813	0.5%*	$4,970
B	$14,499,621	1.0%*	$10,392
C	$16,345,721	1.0%*	$11,764
D	$12,344,656	1.0%*	$8,685
E	$5,996,014	1.0%*	$3,766
HR	$4,171,570	1.0%*	$2,696
Total			$46,631

The sum total is $114k for November. As I mentioned before, the changed methodology will reduce the income compared to the methodology used in previous months. You're welcome to make comparisons with October, but take it with a grain of salt.

Update: Prosper recently announced that they're changing the origination fees. This should have a rather dramatic increase on revenue. Most curious.