The intel you need to make confident business decisions.

Explore a price-competitive credit scoring option without compromising quality

Many of our partners are now researching price-competitive credit scoring options for their business. Price increases, score fluctuations, and the ability to score thin credit files have creditors searching for an alternate credit score. If you, too, are considering a change, I recommend you consider VantageScore from Equifax. VantageScore is a predictive scoring model that leverages […]

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February 2021 Industry Insights from Confluent Strategies

Housing starts hit highest pace since 2006 Single-family housing starts ended 2020 on a high note, rising 12% in December to a 1.338 million-unit pace – the highest pace since 2006, according to the Census Bureau. That’s up 27.8% from one year ago, a remarkable figure given the economic effects of the COVID-19 pandemic, per […]

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Identify HELOC opportunities, gain insights, and mitigate risk

We understand that your organization is faced with challenges that threaten your ability to sustain a profitable home equity lending model–from identifying potential borrowers effectively to mitigating new and ongoing portfolio risk without sacrificing operational efficiencies. But it doesn’t have to be that way. Together we can leverage the robust suite of solutions from Equifax to […]

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Drive deposit growth to fuel liquidity and balance your portfolio

Identify and reach prospective consumers with significant deposit potential Leverage an email prospecting list segmented by WealthComplete by Equifax to find opportunities using total household invested assets estimates. WealthComplete is best used for share of wallet opportunity analysis, asset allocation analysis, and targeting potential prospects in both offline and online applications. Take advantage of WealthComplete to: Better understand a consumer’s […]

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CS Industry Insights for November

Understanding consumer financial durability The coronavirus pandemic has impacted numerous U.S. households—but in different ways. Financial Durability helps marketers understand the financial capacity of households more holistically, beyond income and credit score. FICO study finds most banks lack digital identity verification During COVID-19 more consumers than ever are using online banking. Yet, a new survey […]

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Use a soft inquiry to check the year-end status of your business owner consumers

Evaluate your business credit risk with a soft, year-end inquiry Many of my customers are auditing their commercial accounts at year-end. While reviewing their business, you can assess the business owner’s credit performance without hurting their credit score. By utilizing Business Principal Reports from Equifax, you can make a soft inquiry on their personal credit […]

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Consider a FICO® Resilience Index as you set loss reserves for Q4 2020

We’re all aware that 2021 brings with it a certain degree of economic uncertainty. It’s critical that you are equipped to evaluate and balance your portfolios to accommodate rapidly changing conditions quickly, efficiently, and responsibly. In order to more accurately set your ALLL reserves for your Q4 2020 Call Report, I recommend you consider FICO® Resilience […]

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Lend with confidence with consumer-permissioned utility and telco data

Bring more consumers into view Start ahead with consumer-permissioned utility and telco data. To close this gap, you need a broader view of consumers. Consumer-permissioned utility and telco data from Equifax allows you access to payment histories from over 6,000 electric, natural gas, water, waste, cable, telecom, and internet providers.  Utility data has the power to […]

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CS Industry Insights for October

Rethinking lending & credit in a post-covid world The COVID-19 crisis has increased the need for digital lending platforms and processes more than any previous event. To respond to the needs of current borrowers and to serve the needs of future borrowers, banks and credit unions must simplify borrowing and provide more options for consumers […]

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