Author Topic: Prosper Picks Active  (Read 9928 times)

brycemason

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Prosper Picks Active
« on: June 29, 2014, 03:50:55 PM »
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.

« Last Edit: June 29, 2014, 11:04:05 PM by brycemason »

rawraw

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Re: Prosper Picks Active
« Reply #1 on: June 29, 2014, 08:14:44 PM »
Loss Minimizer ftw!

lascott

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Re: Prosper Picks Active
« Reply #2 on: June 30, 2014, 10:24:34 AM »
This is very exciting news!  I can't imagine the effort you had to put into this but the diversification will be great!
Tools I use: (main) BlueVestment: https://www.bluevestment.com/app/pricing + https://www.interestradar.com/ , (others) Lending Robot referral link: https://www.lendingrobot.com/ref/scott473/  & Peercube referral code: DFVA9Y

thezfunk

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Re: Prosper Picks Active
« Reply #3 on: June 30, 2014, 12:04:23 PM »
Hallelujah!  I have been waiting for this for some time.  Thanks Bryce!

Now if BlueVestment or LendingRobot would pick up your Prosper API...then I would be a happy camper indeed.

brycemason

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Re: Prosper Picks Active
« Reply #4 on: June 30, 2014, 03:07:11 PM »
I think there will be something pretty soon. It's running! Bought into two more loans this morning. It's unfortunate that webpage delivery won't fly, but that's the reality. Nobody will want to sit at their terminal for an hour clicking refresh to see if there's a new hit. Automation is a necessity with Prosper.

edward

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Re: Prosper Picks Active
« Reply #5 on: June 30, 2014, 05:00:57 PM »
Bryce, just confirming that you will be getting back into Lending Club with P2P-Picks at some time in the future? I really miss your service.

brycemason

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Re: Prosper Picks Active
« Reply #6 on: June 30, 2014, 05:40:45 PM »
As soon as LendingClub synchs its automated methods of "seeing" the loan data with the web releases, we will turn those publications back on. Trust me, I miss it, too. I have ~5% of my portfolio in cash now and need to get it working again.

thezfunk

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Re: Prosper Picks Active
« Reply #7 on: June 30, 2014, 09:47:00 PM »
As soon as LendingClub synchs its automated methods of "seeing" the loan data with the web releases, we will turn those publications back on. Trust me, I miss it, too. I have ~5% of my portfolio in cash now and need to get it working again.

Would you like all of us to start calling in to Lending Club several times a day to complain?  I bet more than a few of us have the free time.  It's worth it considering they are costing all of us money!

Peter

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Re: Prosper Picks Active
« Reply #8 on: June 30, 2014, 10:56:26 PM »
Good work Bryce. I know the p2p lending community appreciates all your ground breaking work here.
Publisher of the Lend Academy blog

See my returns here: http://www.lendacademy.com/returns

lascott

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Re: Prosper Picks Active
« Reply #9 on: July 01, 2014, 10:53:46 AM »
As soon as LendingClub synchs its automated methods of "seeing" the loan data with the web releases, we will turn those publications back on. Trust me, I miss it, too. I have ~5% of my portfolio in cash now and need to get it working again.

Would you like all of us to start calling in to Lending Club several times a day to complain?  I bet more than a few of us have the free time.  It's worth it considering they are costing all of us money!
Answered in this thread here: http://www.lendacademy.com/forum/index.php?topic=2414.msg20697#msg20697
It is a less technical way of describing the issue. They are well aware of the issue. Don't badger them but one call would be good.
Tools I use: (main) BlueVestment: https://www.bluevestment.com/app/pricing + https://www.interestradar.com/ , (others) Lending Robot referral link: https://www.lendingrobot.com/ref/scott473/  & Peercube referral code: DFVA9Y

brother7

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Re: Prosper Picks Active
« Reply #10 on: July 21, 2014, 06:22:17 AM »
Anxiously awaiting the day when BlueVestment supports P2P-Picks' Prosper API.

turing

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Re: Prosper Picks Active
« Reply #11 on: July 21, 2014, 12:39:54 PM »
Anxiously awaiting the day when BlueVestment supports P2P-Picks' Prosper API.

Out of curiosity, how long did it take BlueVestments to integrate with P2P-Picks for Lending Club?  Might be handy for knowing the time frame on this.  Or Bryce do you know more info about the actual time frame?
« Last Edit: July 22, 2014, 12:40:30 PM by turing »

lascott

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Re: Prosper Picks Active
« Reply #12 on: July 21, 2014, 01:20:52 PM »
Anxiously awaiting the day when BlueVestment supports P2P-Picks' Prosper API.
Out of curiosity, how long did it take BlueVestments to integrate with P2P-Picks for Lending Club?  Might be handy for knowing the time frame on this.  Or maybe you more info Bryce about the time frame?
May be another 3rd party product supporting P2P-Picks for Prosper note picking.
https://bluevestment.com/#/faq
Quote
Question: How do I get started using the BlueVestment service?
Answer: BlueVestment is currently closed to new users. Current existing users will be supported.
Tools I use: (main) BlueVestment: https://www.bluevestment.com/app/pricing + https://www.interestradar.com/ , (others) Lending Robot referral link: https://www.lendingrobot.com/ref/scott473/  & Peercube referral code: DFVA9Y

turing

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Re: Prosper Picks Active
« Reply #13 on: July 22, 2014, 12:41:31 PM »
Quote
Question: How do I get started using the BlueVestment service?
Answer: BlueVestment is currently closed to new users. Current existing users will be supported.

I had heard they were closed to new users.  They could still add features for existing users though.