SAN FRANCISCO--(BUSINESS WIRE)--Prosper Marketplace today announced it has appointed Kunal Kaul Executive Vice President of Operations. Kaul joins Prosper Marketplace from Capital One where he most recently led Home Loans Originations Operations Excellence. At Prosper Marketplace, Kaul will be responsible for developing all aspects of the company’s operations, including verification, business operations, collections and building a world-class customer service organization. Kaul will report to Prosper Marketplace’s Chief Operating Officer Josh Tonderys.
“Kunal’s experience across all aspects of consumer credit at Capital One – from delivering an amazing customer experience to underwriting and credit policy, to collections and recoveries – is immensely relevant to our business and we’re thrilled to welcome him as a key member of the Prosper Marketplace executive team,” said Tonderys. “With plans to double our business again next year, we are focused on bringing in experts from across the financial services and technology industries to help us execute on our mission of enhancing financial well being for our customers.”
In his most recent role at Capital One as Leader of Home Loans Originations Operations Excellence, Kaul led the company’s efforts to deliver best-in-industry Customer Experience, while doubling associate productivity and significantly improving quality. Prior to this role, he was accountable for Capital One’s Home Equity Lending Strategy and P&L. In addition, Kunal has more than seven years experience in personal unsecured loans across the entire value chain, including acquisition of new customers, credit policy, underwriting, pricing, valuations and loss mitigation (collections, recoveries, fraud).
Prosper is built on a simple idea: connect people who want to borrow money with those that have money to invest. Prosper is an online marketplace that gives borrowers immediate access to a huge pool of individual and institutional investors. Borrowers get low, fixed rates with no hidden fees or prepayment penalties. Investors can earn great returns through the platform’s data-driven underwriting for personal loans, creating a new and diverse investment opportunity. Through Prosper, more than $5 billion in personal loans have helped borrowers consolidate their credit card debt, pay for large purchases, make home improvements and even cover unexpected medical expenses. Prosper Marketplace is headquartered in San Francisco, with offices in Salt Lake City, Phoenix and Tel Aviv. Learn more about borrowing and investing through Prosper at www.prosper.com. The Prosper lending platform is owned by Prosper Funding LLC, which is a subsidiary of Prosper Marketplace. Follow Prosper on Twitter @ProsperLoans.