At the end of March 2020, Congress enacted the Coronavirus Aid, Relief, and Economic Security Act (CARES Act), and provided accommodations – payment assistance or relief – to consumers affected by the pandemic. Now that the accommodations period is ending, how can lenders better predict the future payment performance of each account and identify consumers that still need additional assistance?

In our new report, we analyze more than 8 million consumer mortgage, auto, personal loan, and bankcard accounts that were once in an accommodation status and provide predictive insights into these consumers, including those who will be exiting these programs. Learn more about key findings and get recommendations and strategies that you can implement now.

To stay competitive in today’s lending landscape and increase portfolio profitability, financial institutions must streamline their processes, accelerate their decisioning and mitigate risk — all while providing customers with a positive experience. Learn how you can enhance your current underwriting procedures and approve more eligible applicants.

Learn how Experian partnered with Educational Federal Credit Union (EdFed) to design an underwriting strategy that enabled them to approve and fund more loans without increasing risk.

Join our industry experts for the latest #insights to update your credit portfolio management strategies as they relate to COVID-19 and beyond.