Resources

The intel you need to make confident business decisions.

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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Verify employment and income changes for your customers

Stay in-the-know about your customers’ employment and income changes While there’s been recent improvement in the nation’s unemployment rate, layoffs don’t seem to be slowing down, according to Marianne Wanamaker, a labor economist at the University of Tennessee, Knoxville. This could mean your customers are experiencing a financial change you don’t know about yet.  Strengthen your existing […]

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Broaden your view with consumer-permissioned data

Better decisions start with a broader view Start ahead with consumer-permissioned data. Yet, many of these consumers exhibit financial responsibility by paying their bills on time. Consumer-permissioned data is financial information a consumer voluntarily consents access to, like utility and telecom payments or bank transaction records. Layering consumer-permissioned data sources on traditional credit data can move […]

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