Author Topic: Prosper FolioFN platform is junk  (Read 5524 times)

princeb

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Prosper FolioFN platform is junk
« on: August 25, 2015, 06:36:49 PM »
Investing in LC and Prosper.   While Prosper FolioFN has some neat features that LC doesn't, below are the reasons why Prosper is a terrible platform for P2P secondary market lending.  Until they fix these issues, probably will do LC exclusively

- inability to screen for late notes is ridiculous 
- cannot sort screened notes
- cannot "remove" notes once entering bid screen
- auction format while neat, is a PITA, should just fixed price
- not enough liquidity
- cannot use Lendingrobot
- Prosper cannot calculate NAR of secondary notes

I could go on.   Think I will just transfer remaining money out of Prosper unless they fix some of the above issues.   

thezfunk

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Re: Prosper FolioFN platform is junk
« Reply #1 on: August 27, 2015, 04:08:04 PM »
I will add:

- FICO updates are months late if ever
- No neat way to see FICO change (mouse over and up or down arrow to see)
- Can't buy or sell late or grace notes (you used to)

Victor

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Re: Prosper FolioFN platform is junk
« Reply #2 on: August 28, 2015, 10:26:20 AM »
I agree it could be better in lots of ways, but I have enjoyed good success buying notes which meet my criteria with less than two years remaining with no late payments and rising FICO scores at decent discounts.  Granted, I'm not the least bit automated and hand-pick each note (the side benefit of a small account).  Definitely could be better but I wouldn't call it "junk."

bdonovan

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Re: Prosper FolioFN platform is junk
« Reply #3 on: August 31, 2016, 08:49:41 PM »
Is it just me or can you not click the back button after going from their Folio search page to an actual note for sale.  When you click back it gives you a form submission error.  I couldn't see any way to go back to the screen to preserve my search and search results.