How does Prosper work to prevent borrower fraud?

We take identity theft and application fraud seriously.

Before a loan through Prosper originates, we verify each applicant’s identity and income using data from consumer reporting agencies and other anti-fraud verification databases.

In the event a loan defaults due to verifiable identity theft, we will (at our discretion) either repurchase the Note(s) or indemnify the Note holder(s) against losses on the affected Note(s).