Home Lending Funnel Experience

Goal: Increase conversion and scalably elevate the customer experience by redesigning the Prosper Home Lending funnel end-to-end experience.

Lead Designer · 2021-2023

 

Opportunity areas

  • Identifying and eliminating funnel friction, end-to-end

  • Setting expectations at the start of the application and at important checkpoints throughout the funnel

  • Personalizing the selected offer and making accessible at all times

  • Humanizing the digital experience with access to a Prosper Home Lending agent for real, live support and providing relevant frequently asked questions and answers

  • Rethinking the verification experience post-application submit to allow for quicker mobile uploading and flexible device-switching

  • Designing and implementing the new funnel with an approach to allow other product teams and development teams to scale and customize

  • Accommodating both first-time applicants vs. returning customers with whom Prosper has/had a relationship with

Newly defined components to scale across product lines

· Buttons: primary, secondary, tertiary and disabled; state variations

· Input & dropdown fields: text, currency, single-select dropdown; error, alert and feedback variations

· Multi- and single-select controls: checkboxes, radio buttons, switches, multi-select tiles, single-select tiles

Impact of the redesign? 16%+ increase in end-to-end funnel conversion.

Incremental A/B testing of the old funnel against the new funnel quickly revealed the higher conversion rate of the proposed design. After weeks of out-performing expectations (original expectation was a 10-13% increase), the Product Analytics team recommended the team quit the test, deprecate the old funnel and move 100% of traffic to the new experience, while optimizations continue to be designed, built and shipped.

 

Fintech Onboarding Experience

Goal: Increase conversion and scalably elevate the customer experience by redesigning the Prosper Home Lending funnel end-to-end experience.

UX Design · UI Design · Interaction Design · Content Design

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