PeerStreet runs through a thorough due diligence process on the loans we put on the site and on our origination partners.

For lender partners, we:

  • Review track records
  • Review financials
  • Review licensing and adherence to state lending laws
  • Run background checks
  • Review legal and underwriting processes

For loans, we:

  • Perform independent underwriting of all loans using a combination of manual processes as well as big data analytics
  • Review an independent valuation (BPO/Appraisal)
  • Ensure each loan complies with PeerStreet’s underwriting guidelines
  • Review legal documentation

All loans posted for investment have been through PeerStreet’s big data analytics and the above diligence process before being offered. Occasionally, after a loan is posted, we receive additional information and/or documentation that leads us to do a more in-depth analysis on the loan. Rarely does this information raise concern for the loan quality and rather serves more as an ongoing performance update.