The Evolution of Credit-Risk Evaluation

Know Your Lending Future by Learning from Subprime’s Recent Past

Today, things move much faster than they did in the past.

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 universe 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

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Consumer Credit: The Good, the Bad and the Invisible

Banks and other financial institutions are always looking for ways to acquire more customers and grow their businesses. The right information can allow you to approve more loans, increase average loan sizes, and reduce charge-offs. Unfortunately, the banks’ customary approval process leaves money on the table.

The largest and fastest-growing consumer segment does not fit into the traditional landscape of consumer finance. Today, about 56 percent* of the population struggles

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Why Alternative Credit Data Is Invaluable

Alternative credit data is often used as a catchall term to describe financial data. This data is typically sourced from alternative financial service providers and account aggregation, on consumers who are not abundantly reported on mainstream credit reports.

Other insightful details may include an individual’s income and employment history, coming from applications underbanked individuals submit for other alternative financial services. The aggregation of all these peripheral particulars can help paint

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Consumer Credit: The Good, the Bad and the Invisible

Banks and other financial institutions are always looking for ways to acquire more customers and grow their businesses. The right information can allow you to approve more loans, increase average loan sizes, and reduce charge-offs. Unfortunately, the banks’ customary approval process leaves money on the table.

The largest and fastest-growing consumer segment does not fit into the traditional landscape of consumer finance. Today, about 56 percent* of the population struggles

Read More