Being creative can up your profitability!
Are you using the same standard underwriting/KYC/skip tracing/collections tools as most of your competitors?
How you choose to use data can give you a serious edge.
Every underwriting rule, every data component will have an effect on your bottom line.
One might ask. How can I look at underwriting/KYC in a creative way and use data to my advantage?
Court Scan offers a unique & innovative perspective on fraud; using a large State and Federal court litigation database.
Court Scan gives lenders access to a large State and Federal litigation database.
Check Matrix offers competitive proving and quality data.
In many cases Court Scan may lower overall underwriting cost.*
It’s a competitive world!
With the industry getting more and more demanding and competitive, lenders will need to be resourceful to keep their profit margins up!
Understanding your denied leads might be the answer to a great underwriting strategy!
For example: Is your current underwriting solution denying consumer with bankruptcies that happened years ago? We have seen it many times.
Would you agree that these might be leads worth looking at?
You can increase your collections rates by using internal and external data.
Do you feel as if your underwriting cost is affecting your bottom line a little too much? New data companies can give you a serious advantage at a fraction of the cost!
Understanding internal and external data in combination with excellent customer service can help you achieve your goals!
Automation is one of the greatest subject of our times.
Many wonder when and if automation is productive and how to offer excellent customer service while automating.
Automating bankruptcies might be a good one!
How much time do your CRS(s) spend on inputting bankruptcies in the LMS?
DISCLAIMER: The databases include public records such as court litigation and bankruptcy data. All services for business decisioning and consumer underwriting are offered in accordance with the FCRA guidelines, Fair Credit Reporting Act, 15 USC 1681 et seq., ("FCRA"). Services are rendered on an “as is” basis. Check Matrixx will do everything commercially possible to deliver the highest quality possible level of data accuracy but cannot guarantee that the data us error free. Limitation of use is required as per Check Matrixx’s agreement.
* Results may vary
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