How come each listing is funded at 0.00% ? And, more, I can't see any active listing at all...
There are not a lot of investors yet, so the listings are not funded. In addition, there are very few active listings now due to the fact that our verification requirements are substantially more stringent. The rules are as follows:
1. The borrower must verify their ID, address, phone number, e-mail address and income, prior to being able to make a new loan listing.
2. The borrower may only have one active listing at a time, unless they have a reputation greater than 50.
The verification process usually takes the borrowers several days, mostly because often times we have to reject the documents which they have submitted. This should provide increased security for the lenders.