Pre-funding allowed lenders to guarantee an allocation in each loan they choose to invest in. As a lender you could either choose a default investment amount (to cover every new loan) or choose to lend an amount for each specific loan.
Pre-funding allowed lenders to guarantee an allocation in each loan they choose to invest in. As a lender you could either choose a default investment amount (to cover every new loan) or choose to lend an amount for each specific loan.