Resources

Expanded information has potential to help create greater home ownership opportunities for millions of U.S. first mortgage applicants. Equifax® is the first credit reporting agency to provide certain telecommunications (telco), pay TV, and utilities attributes to the mortgage industry to help streamline the mortgage underwriting process and support loans within the secondary mortgage market. The majority […]

Sometimes lenders are the last to know when their consumers are under financial stress. In these inflationary times, we strongly recommend gaining a comprehensive view into your consumers’ credit profiles with a Customer Portfolio Review™ (CPR) so you can proactively minimize risk exposure as you head in 2023. A CPR delivers the power to proactively screen the […]

The holiday season increases consumer spending. Gifts, travel, and special experiences can really add up—leaving your consumers strapped for cash this time of year. Help them put a little extra money in their pockets with a preapproved live check. If you aren’t offering them, your competitors will. Don’t leave money on the table as we […]

Current economic conditions are creating uncertainty for many. However, the credit environment remains healthy and presents massive opportunities for lenders. While there is opportunity for growth, it’s not without risks. That’s why Equifax has teamed up with Zest AI to offer an additional scoring solution to help you say “yes” to more members—confidently and efficiently. Other credit […]

Recent legislative changes have resulted in many banks facing new and renewed lending guidelines. The regulatory expectation is that financial institutions must not only proactively develop outreach and marketing programs targeted to reach low- and moderate-income (LMI) individuals and those in majority-minority census tracts (MMCTs) but also secure those loans. COMMUNITY REINVESTMENT ACT (CRA) In March 2020, The […]

Know more (about your business consumers + prospects) to grow more. You wouldn’t lend to an individual consumer without accessing their credit report, so I know you value similar due diligence regarding your small-business prospects. To be successful, financial institutions must leverage risk insights before providing commercial prospects with access to credit. Equifax can help […]

Targeted marketing always wins, especially in a slowing market As the summer winds down and we head into Q4, it’s not surprising to see decreased home-buying activity. But compared to the recent housing hot streak, this seasonal drop seems to hit harder. Now, more than ever, it’s important to make your marketing dollars count. Reaching the […]

You might be noncompliant without knowing it. Standard credit report vs. employment report The credit report you pull to make lending decisions is not the same as the report you run for employment purposes. If you’re using them interchangeably, then you are not adhering to FCRA requirements. When obtaining a consumer report for employment purposes, you must: […]

It’s hard to believe, but we’re nearing Q4! Now’s the time to plan your holiday promotions to attract new consumers and cross-sell services to existing ones. Good news: We can help you grow your book before year-end with an Equifax prescreen. A prescreen combines the data quality of Equifax’s vast credit database with insights from its attributes and […]

Save time and money with proactive risk management.  Looking for new ways to increase revenue? Your small-business loan portfolio could be a primary segment for growth. But do you have an effective, efficient way to analyze your risk and opportunities? Equifax’s Absolute Probability of Default® (AbsolutePD®) gives you full visibility with an online platform for risk analysis. […]