P2P-Picks added a credit model for Prosper with two publications:
- Profit Maximizer (Top 15%) -- B, C, D, and E loans
- Loss Minimizer (Top 15%) -- AA and A loans
We elected not to publish a "Top" grading scale for Prosper until such time as the marketplace's fractional loan volume supports that decision. Both credit models pick a handful of loans each release.
These publications are available exclusively via our API (recall that the web interface for our publications is going away in very short order). We are actively pursuing third-party order management systems to integrate with our API for Prosper and LendingClub.
Buying on Prosper is a little different than LendingClub. Prosper releases fractional loans slowly over a 1-hour period on the following scheduled starting times (most loans come within the first few minutes of the hour). Our systems continuously download the listings, score them, and update our API. PMax picks appear to move quickly (with a number of 10% chunks being bought by institutions). LMin picks stick around much longer, although some 10% chunks are being purchased.
Monday - Friday: 9am and 5pm
Saturday - Sunday: 12pm
I am building a portfolio using the Loss Minimizer publication. Today I bought my first loan fraction.
Author