Experian Credit Services has entered into an exclusive partnership with a leading provider of mortgage information to provide detailed Adjustable Rate Mortgage (ARM) loan data to our clients for uses within Prescreen, Cross Sell, Account Review and Reporting.
A statistically superior score utilizing multiple traditional and alternative data sources, Extended View score gives you a more comprehensive view of a consumerís payment behavior, enabling you to expand your underwriting population and giving underserved consumers better access and choices when it comes to lending options.
Experian, in conjunction with First Manhattan Consulting Group (FMCG), has developed a new generation of category-specific campaign targeting and tailoring tools for financial services marketers who are seeking to improve the performance of their prescreen and account management programs.
Financial Personalities categories include: Credit Card, Mortgage and Home Equity. They are based on the rational and emotional needs and attitudes that drive consumer behavior (e.g., brand choice, product selection, provider loyalty).
Experian, in conjunction with First Manhattan Consulting Group (FMCG), have developed a new generation of category-specific campaign targeting and tailoring tools for financial services marketers who are seeking to improve the performance of their non-credit based campaigns (invitation to apply programs).
Financial Personalities categories include: Deposits and Home Equity. They are based on the rational and emotional needs and attitudes that drive consumer behavior (e.g., brand choice, product selection, provider loyalty).
Instant Prescreen is an online, real time prescreen program that allows clients to automatically preapprove the consumer for credit products at the point-of-contact (POC).
Instant Prescreen can be used to preapprove prospects for a wide range of credit products, including, but not limited to: credit cards (bankcards or proprietary credit cards), auto loans, personal lines of credit, checking account overdraft protection, secured cards, and enhanced debit cards with associated MasterCard or Visa logo.
iScreenSM is a Web-based, self-service, prescreen list fulfillment tool that enables small-to mid-tiered credit grantors (e.g., credit unions and regional banks) to order prescreened names through Experian's eSolutions.
Clients can then order names from Experian's prospect database, which is a copy of our Extract file, or they can always screen or suppress their own client-supplied lists. Clients can also get counts of creditworthy prospects within seconds.
Prequalification is a consumer consent-based business model designed for clients (internet lead generators, brokers, lenders) who want to offer consumers insight as to what products they qualify for, without having them go through the formal credit application process.
Prescreen is a list selection process that allows credit grantors to match a list of names, either customer-supplied or from Extract, against the Experian Consumer Credit Services System. This selection process is used to prequalify consumers for unconditional offers of credit based on the consumers' credit characteristics.
Using Prescreen helps credit grantors reduce the overall cost of direct mail solicitations by eliminating unqualified prospects, reducing high-risk accounts, and targeting the best prospects more effectively before a mailing.
A shared prospect database solution that provides accurate consumer data, integrated processes and powerful tools for end-to-end campaign management on a client's desktop. Increase ROI and enjoy the benefits of the most robust and up-to-date, shared prospect database without the large capital outlay and lengthy time-to-benefit associated with traditional database solutions.
With Prospect Navigator clients can target new customers from your desktop more efficiently and reduce costs per new account by eliminating the need for you to store data with multiple sources, integrate multiple vendors and purchase costly data feeds.
Prospect Triggers allow clients to increase response and conversion rate by targeting in-the-market prospects. Experian can monitor a list of prospects that meet the client's prescreen criteria and alert the client - as frequently as daily - when consumers who meet their preapproved credit criteria are seeking credit elsewhere.
VantageScore is a powerful risk score which provides improved accuracy, consistency across the three bureaus, and enables lenders to find more creditworthy consumers.
Debt-to-Income InsightSM is a model designed to estimate a borrower's outstanding debt obligations as a percentage of their estimated income. The model leverages the predictive power of Income InsightSM, Experian's premier income estimation model, and market-leading Premier AttributesSM to provide an all-in-one assessment of a borrower's capacity to take on additional debt.
Debt-to-Income Insight is meant to be a companion product to Income Insight. It is an "add on" service and may only be purchased along with Income Insight. Debt-to-Income Insight's approved uses are the same as Income Insight, and it cannot be used for adverse action.
Income InsightSM and Income Insight W2SM are models designed to estimate a consumer's income. Income Insight provides a comprehensive measurement of total income offering a complete financial picture of a borrower for greater insight into their ability to meet their obligations.
Income Insight W2 estimates the wage income of a consumer which is especially applicable for low to mid-range income levels where income is comprised mostly from wages. Both models were built using verified income data and are calculated using exclusively credit bureau attributes. In all cases, the models are not to be used as a basis of adverse action.
Income ViewSM is a web-based tax verification service that provides clients with streamlined IRS 4506-T processing and prompt access to applicants' verified income via the Internal Revenue Service (IRS).