VANTAGESCORE SOLUTIONS NAMED A "PREFERRED PARTNER"
"With the VantageScore model, credit unions receive a highly predictive credit
scoring model that scores a broader population and provides more consistent scores
across all three credit reporting companies. This is a value proposition which resonates
with credit unions as they seek to better serve their members." Barrett Burns,
President and CEO of VantageScore Solutions.
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Let one of our representatives help you select the right product to fit your business
At Experian, we understand switching to a new score can be challenging. TrueInsight
for VantageScore is a complete scoring, consulting and reporting package created specifically
to guide you through every step of the transition to VantageScore. In addition to
helping you implement risk score strategies on new applicants, TrueInsight promotes
portfolio growth by ensuring the greatest acceptance rate of new members while managing
for your specific risk tolerances.
TrueInsight is designed to assist you with everything from setting score cutoffs
that are appropriate for your lending environment to monitoring your portfolio’s
performance each month.
The TrueInsight for VantageScore package includes:
An initial analysis by an Experian consultant to help you confidently set appropriate
score cutoff strategies based on a score distribution report, a performance analysis
or a score validation
Ongoing performance reports to help you assess score performance on your
population and make any necessary adjustments
Up to 100,000 online VantageScore credit scores annually
A quarterly written summary with expert recommendations
Once you begin using VantageScore, your Experian consultant will deliver monthly
or quarterly reports of your new applicant population, revealing the effectiveness
and stability of your cutoff scores. The consultant will review the reports with you,
offering expert recommendations for strategy adjustments when necessary. Regular monitoring
of your portfolio is crucial to uncovering both income opportunities and potential
problems and will allow you to:
Detect trends in population shifts over time
Monitor the effectiveness of override reasons and policy rules
Make informed, targeted, and strategic decisions
Comply with Equal Credit Opportunity Act requirements by providing population
assessments and stability measurements
Harness the predictive power of a superior
score VantageScore utilizes advanced analytics to provide
the industry's most predictive and accurate scoring model, allowing you to:
Reduce risk while approving more loans
Score more "thin file" consumers than traditional risk models
Achieve greater consistency in decisioning
Ongoing consultations with your Experian consultant
VantageScore® is a registered trademark of VantageScore Solutions, LLC.