A few weeks ago, Prosper filed for its first securitization of the year: the Prosper Marketplace Issuance Trust 2017-1 (PMIT 2017-1). This is the sixth deal consisting of Prosper collateral, and the first deal backed by Prosper’s consortium of institutional investors. You can read more about the securitization here.
dv01 was the loan data agent on PMIT 2017-1, which means we worked directly with Prosper to receive data from the deal, which we then normalized, formatted, and uploaded onto our platform. Investors in PMIT 2017-1 have access to this loan level data through dv01’s online Securitization Explorer. The data will be updated monthly, allowing investors to track the evolution of the pool over time, run reports, download updated loan tapes, etc.
dv01 has provided similar reporting services for several other online lenders, overseeing an aggregate securitized collateral balance in excess of $7 billion. That includes over 30 deals from LendingClub, Avant, SoFi, Marlette, Bond Street—and now Prosper.
Please don’t hesitate to reach out with questions. We hope to see you on the platform soon.