Following up on last month's post documenting how Prosper makes money, I plan to keep looking at their monthly income monthly to see how they're progressing as a business. Into this month's totals. First, origination income:
Credit Grade
| Loans Originated
| Borrower Fee
| Income
|
AA
| $782,614
| 1.0%
| $7,826
|
A
| $868,698
| 1.0%
| $8,686
|
B
| $1,361,803
| 1.0%
| $1,361
|
C
| $1,138,437
| 1.0%
| $1,138
|
D
| $868,388
| 1.0% | $8,683
|
E
| $273,831
| 2.0% | $5,476
|
HR
| $139,390
| 2.0% | $2,787
|
Total
|
|
| $58,463
|
And now loan servicing income:
Credit Grade
| Outstanding Loans
| Lender Fee
| Income
|
AA
| $9,278,081
| 0.5%
| $3,865
|
A
| $10,291,849
| 0.5%
| $4,288
|
B
| $12,751,822
| 1.0%
| $10,626
|
C
| $14,612,751
| 1.0%
| $12,177
|
D
| $11,625,228
| 1.0% | $9,687
|
E
| $5,979,788
| 1.0% | $4,983
|
HR
| $4,210,321
| 1.0% | $3,508
|
Total
|
|
| $46,317
|
The sum total is $107.6k for September, a 8.8% decrease over $118.0k in August. Comparing September to August shows a significant decline in new loans originated, with all credit grades showing a significant dollar declines except for B which was nominally flat (+.1%). September did only have 30 days instead of 31, which should account for about 3% of the loan origination decline, but overall this was not an impressive month.
| September
| August
| Delta
|
Origination Income
| $58,463
| $71,669
| -18.4%
|
Servicing Income
| $49,137
| $46,317
| +6.1%
|
Total
| $107,601
| $117,986
| -8.8%
|
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