According to the % stats, AmSher is servicing 1653 loans for Prosper and has managed to bring only 92 of them current.
On Lendingstats the %'s of late loans show:
1.58% 1 month late -- fresh meat, still wiggling a bit
1.31% 2 months late -- was fresh meat when AmSher took over
1.40% 3 months late -- lying around Penncro for a month, but still edible
4.66% 4+ months late -- at Penncro for 2+ months or more: throw it out
So this breaks down to about half (48%) of what was handed to AmSher was reasonably fresh and the other 52% was stale turnips.
If we assume that AmSher got NOTHING from the stale lates, then out of the 793 fresh lates, AmSher has still brought only 11.6% current.
FirstSource, by comparison, has brought 19 out of 101--18.8% current.
Not really a fair comparison, though, when you consider that 2/3 of one agency's lates were E-HR loans and not high quality ones.
Except...that it's FirstSource that's the one dealing with predominantly E-HR borrowers!
FirstSource is getting better collections results from inferior credit borrowers and charging lenders less money to do it.
