Painting a Complete Picture - Part 3: Data Trends

November 13, 2018
In credit risk decisioning, a point-in-time snapshot of a consumer’s income and credit history paint only part of the overall picture of one’s capacity to repay a loan. And sending an applicant home to gather print-outs of bank statements and tax returns to verify their income introduces friction into the equation. How do you get a more complete picture of an applicant’s financial obligations while helping ensure an optimal customer experience? Amy Graybill, Vice President of Enterprise Insights & Core Data Products at Equifax discusses the how trended or transactional data can help lenders paint a more complete picture of a consumer’s financial standing, without adding friction to the process.
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The Importance of Trended Data
The Importance of Trended Data

Traditional credit reports are like a snapshot in time of a borrower’s current financial obligations. While...

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Painting a Complete Picture - Part 2: Income and Wealth
Painting a Complete Picture - Part 2: Income and Wealth

In credit risk decisioning, an applicant’s point-in-time income paints only part of the overall picture of ...