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Data has always been the key factor in making sound lending decisions, and as consumers continue to seek faster, more seamless, and more personalized services, lenders must rely on current data and analytics more than ever—all while upholding rigorous compliance and risk management standards.
Fortunately, there are several data-driven, automated solutions designed to help lenders balance these responsibilities. It’s important for lenders to find the one that helps their financial institution best adapt to the needs of its borrowers and the industry at large.
With data analytics, data science, and machine learning features, MeridianLink® Consulting offers analytics solutions tailored to your financial institution’s goals and automated underwriting strategy, helping you reduce funding turnaround times, lower delinquencies, and so much more.
Effective Scoring Solutions
As credit demand continues to surge and competition intensifies, traditional manual underwriting is quickly being replaced with more advanced scoring methodologies derived from statistical models.
Powered by AI and machine learning, Custom Score by MeridianLink Consulting aggregates application, consumer, credit, and performance data to identify the optimal set of predictive variables, which are then used to determine the probability of default. The result is a credit score that performs 25% better than generic scores thanks to an enhanced ability to rank order risk and the option to eliminate unnecessary rules and policies that no longer differentiate credit risk.
In addition to Custom Score, MeridianLink Consulting also offers two more scoring capabilities:
- Member/Customer Score: Evaluate and score consumer relationships. Differentiate between accountholders and non-accountholders and segment existing consumers based on relationship value and risk.
- Collection Score: Identify accounts that will cure or roll over to a more severe delinquency status. This helps lenders prioritize and tailor collection strategies for a more efficient, cost-effective operation.
Today’s lenders are performing a delicate balancing act: attentively serving consumers while growing their business and staying ahead of the competition. Reveal Pro by MeridianLink Consulting is designed to assist lenders in these tasks, combining data science and analytics with the deep knowledge and extensive experience of the MeridianLink® decision engine and loan origination system to revolutionize underwriting through automation.
Reveal Pro includes two distinct but highly integrated services:
- Advanced Analytics: Monitors automated decisioning rates and portfolio performance, providing actionable insights, re-simulations, and reconfigurations.
- Decisioning Optimization: Statistical analytics identify key risk drivers and their thresholds to tailor lending strategy, credit policy, and risk appetite into an automated underwriting framework.
Discover Data-Driven Excellence
MeridianLink is a trusted partner among institutions nationwide, equipping lenders with the essential data and digital tools to not only survive but truly thrive in today’s dynamic financial landscape. Our suite of purpose-built analytics solutions are designed to supercharge your decision-making capabilities, ignite growth, and ensure your consumers enjoy a seamless, rewarding experience.
Partner with MeridianLink and discover true, data-driven excellence including:
- Improved auto-decisioning rates
- Higher ROIs
- A more precise risk profile, translating to fewer delinquencies, reduced credit losses, and a resilient loan portfolio
Download the brochure to learn more about MeridianLink® Consulting analytics solutions.