Tuesday, May 20, 2008

Prosper.com Feature Upgrade

Prosper did a feature drop the night of the 18th, and Andrew posted about it on the Prosper blog. This was an infrastructure drop, with improvements to the backend, but nothing visible right now:

  • Improved institutional lender support
  • Improved credit report reporting (for borrowers)
  • Preparation for bankruptcy tracking
  • Improved data handling for loan origination
The most interesting item for lenders is the bankruptcy tracking upgrades.

As of this release, we’re automating more of our bankruptcy tracking to set the stage for us to be able to start giving lenders the bankruptcy chapter number and filing date in the future.

More information = GOOD.

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