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
Clarity Services announced today the release of a revolutionary credit verification tool, Clear Last Look™, which allows lenders to verify that a consumer’s credit activity has not changed in the hours between underwriting and funding.
Combined with existing products such as Clear Fraud™, Clear Bank Behavior™, and Clear Tradeline™, the
It is widely understood that subprime consumers have fewer opportunities to access credit because the underwriting process is more challenging for lenders. Whether because of low credit scores, or due to a lack of credit history (known as thin-file), these consumers are often forced to use alternative financial services
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
Clarity’s alternative data comes from a variety of financial service providers, including auto financers, short-term installment lenders, small-dollar credit lenders, online small-dollar credit lenders, telecommunications and more.
When this information is combined with a traditional credit report, you have a much better picture of who your applicants are and the
Clarity Services, Inc. is pleased to announce the availability of its newest product: Clear Bank Behavior™.
Built upon predictive data elements, preliminary data analysis shows that Clear Bank Behavior™ outperforms current products and proves to be successful to its predecessor.
Clear Bank Behavior™ provides a comprehensive evaluation of your applicant’s banking
Clarity Services, Inc., is proud to announce its newest product: Clear Bank Behavior™.
With expanded visibility into both current and historical bank account usage patterns, Clear Bank Behavior™ provides Clarity customers with more than a view of a consumer’s current banking status at the time of the requested report; it provides
Clarity Services, Inc., is proud to announce its enhancement of Clear Bureau Lite™. A robust and cost-effective product, Clear Bureau Lite™ arms lenders with multiple benchmarks and other variables to assess risk, and now allows providers the flexibility of choosing three different scores to help meet their underwriting needs.