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"The reason I like partnering with Experian is because there are many companies out there that provide data and software, but Experian really focuses on solutions. They have people who understand my business and come up with solutions for my business."
Mark Ritter, Assistant Vice President, Business Lending
Members 1st Federal Credit Union
Realize the total value of each client relationship.
Gain the flexibility to spread and analyze financial statements from anywhere with an Internet connection.
Reduce risk and make informed decisions quickly and efficiently as you acquire new customers.
I oversee the business lending function from sales origination to credit to portfolio management.
Our biggest challenges today are really twofold, the first being the regulatory side. There’s an increasing burden placed on our regulators, which costs us money, and then the indirect costs through the regulations through time and resources that we have to spend to meet up with their ever-increasing needs.
The other side is underwriting loans in today’s new reality -- being that companies that had historical financials that were very good may not be in the best role today, and companies who had very bad financials the past few years may actually be in a very good position today.
The reason I like partnering with Experian is because there are many companies out there that provide data and software, but Experian really focuses on solutions. They have people who understand my business and come up with solutions for my business based on our size, scope and complexity and not simply the solution that they are selling.
Our regulators have been extremely happy with our solutions that we implemented from Baker Hill and Experian. As a result, they granted us some waivers so that we can expand our program a little bit more. Last year, the programs they approved us for counted for over $1.2 million for our bottom line which is a significant amount of money for our credit union.
To get more information on how Experian can help you meet your own challenges, fill out the form below and a representative will contact you shortly.