An eGuide to Risk Mitigation
In our data-driven world, lenders who do not utilize updated underwriting tools accounting for today’s industry trends are at a serious disadvantage. That’s why more lenders are turning to alternative credit data for risk mitigation.
Featuring the most nonprime consumer data of any credit bureau, information at Clarity is constantly updated.
Underwriting Tools for Risk Mitigation
Today’s lender is confronted with a continually changing nonprime market.
Coming Soon: Clarity’s 2019 Alternative Financial Services Lending Trends Report
Packed with five years of Clarity data and enhanced with additional insights from Experian’s national credit bureau – this is the alternative financial services lending trends report you do not want to miss.
For three years in a row, the AFS LendingTrends Report has been the go-to resource for lenders and anyone seeking true insights into nonprime borrower behavior, alternative
The Subprime Population is Broad and Diverse
Given the variability of the subprime consumer population, individuals seeking alternative financial services each carry their own unique history. But accessing a more complete view can be a challenge.
In this piece, we explore some of the challenges lenders encounter while looking to expand their consumer universe:
Concerns for mass migration online
Risks worth taking (and avoiding)
How to unmask a
The Evolution of How Lenders View Credit-Risk Evaluation
These days, the predictive nature of the best data available in approving loans can have an immediate impact on a lender’s business. The underwriting process has changed quite a bit throughout the past decade. The better lenders understand why that is, the more you might grasp what moves to make today for a better tomorrow.
In our latest spotlight on credit-risk evaluation,
Fraud and Credit Risk
While fraud and credit risk are two distinct factors that can be intellectually distinguished with ease, measuring the difference in practice can be tricky. That’s due, in part, to the fact that both have overlapping risk in common.
When a loan reaches first payment default, at what point does a lender determine that the consumer has no intent to pay? Determining intent from risk isn’t easy,
It’s finally here! Clarity’s 2018 Alternative Financial Services Lending Trends Report examines subprime borrower behavior and trends with valuable industry insights.
Relationships matter! Existing customers represented 37 percent of the 2017 loan market, but they opened more than half of the loans in 2017.
Being in the right place counts! Of all loans to new customers in 2017, 73 percent were made online.
Packed with five years of Clarity data and
Clarity Services, the subprime industry’s largest credit reporting agency, today announced the release of its 2017 Subprime Lending Trends report. More than just a demographics report, it offers exclusive insights into emerging consumer trends that can help lenders reach the consumer where they are.
The trends report goes beyond simply offering insight into the subprime consumer; it focuses on the broader alternative lending market. Do online or storefront customers take