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What is the loan review process? How long does it take?

The underwriting and verification process (loan review process) helps protect investors by verifying the information you provided when you registered and created your borrower listing. Prosper must complete the underwriting and verification process before your loan can be originated.

Prosper has the right to verify at any time the accuracy of all statements and information you provided when you registered and created your listing. Prosper may ask you to upload supporting documentation or may call your bank or employer for verification. If Prosper needs documentation from you, you will be contacted after your listing is created. The underwriting and verification process is usually completed in seven business days or less. Any requested documentation must be provided within that period.

 

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