Effective today Prosper.com has raised the closing fees for borrowers:
…The rationale behind this increase is to enable us to better cover our administrative costs and bring our fees more in line with the market. We have endeavored to continue to keep the fees very straightforward for our borrowers.
The origination fee schedule for borrowers of first and second loans will be as follows:
AA 1.00% (no change)
A 2.00%
B 2.00%
C 3.00%
D 3.00%
E 3.00%
HR 3.00%…
Origination fees paid by existing borrowers and for listings that have already been created will not be impacted.