Recently Prosper.com changed lender access to listings that had expired unfunded or made them unable to see if you were not in on the loan. After many large lenders in the prosper.com forums publicly announce that it was the last straw and they would halt all lending until it was restored prosper came to and reversed its decision. One forum moderator stated that they didn't see a need to view old listings and didn't realize it would inhibit our abilities to analyzed listings and create strategies based on our findings.
Its seems that lenders who stated they will quit lending have resumed and its one big happy Prosper.com community once again. Some seem to be skeptical of prosper saying it was taken away knowing they intended to give it back......the batter of prosper.com vs the prosper,com forum community continues.
the below info was taken from prosper.com forums: view the entire article
"Allowing members access to old listings is an example of Prosper’s ongoing efforts to balance transparency with privacy in the marketplace. Our original objective was to restrict access to non-active listings if there was no need to see them. However, many of you indicated that lenders use old listing data to formulate ongoing listing strategies. As a result, we changed the access to past listings so lenders can conduct research for future bidding decisions.
The changes include the following:
• Borrowers can access all their past listings
• Registered lenders have access to all past listings
• Potential borrowers and lenders have access to only current, active listings. This will allow registered lenders to conduct necessary research while ensuring borrower privacy.
• All of these changes are reflected in the “Listing not available” page
Thank you for your feedback. We hope this makes a positive impact on your lending strategies.
Sincerely,
Shira"
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