Items Tagged with 'Experian'

ARTICLES

  • From HW Magazine

    3 ways lenders can service borrowers with a good or prime credit score

    Steps to provide loans that work for both lenders and borrowers
    Today’s mortgage brokers and lenders are looking for higher credit scores, leaving worthy borrowers with fair credit scores struggling to find reasonable rates on mortgages. To correct this issue, lenders must adjust their approach and start providing reasonable loans to qualified buyers. Here's how.
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  • Consumers can now freeze their credit for free

    Credit reporting agencies can no longer charge for credit freezes
    It hopefully just got a little more difficult for scammers to abuse someone’s credit information, because, as of Sept. 21, 2018, consumers can now freeze their credit at all three of the major credit reporting agencies, for free. Consider this one the “Equifax rule.”
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  • From HW Magazine

    2018 Women of Influence: Angela Granger

    Vice President Analytics of Experian
    At Experian, Angela Granger has leveraged the latest statistical techniques in predictive modeling, data intelligence and business intelligence to maximize clients’ return on investment. She plays an instrumental role in analytics research and development, having participated in the design and commercial introduction of several advanced analytics products and services aimed at helping clients predict customer behavior and manage a wide range of decisions related to repayment of debt, account utilization, default and fraud prevention.
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    FHFA on credit score delivery: forgotten lessons

    Multiple versions of a credit model may lead to added cost and complexity
    Recently, FHFA posted a Request for Input asking for opinions concerning options for changing the delivery of credit scores to the GSEs, underwriters and investors. FHFA is considering various options to change the current system. Any such choice, in the end, is the outcome of a detailed cost-benefit analysis, but while FHFA acknowledges this, they fall short of providing the necessary framework for reaching an informed conclusion.
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  • Keep credit scores independent and reliable for the mortgage market

    What would a credit-bureau controlled credit score look like?
    [Expert commentary] Tucked into the U.S. Senate’s recently passed financial regulatory reform bill is a provision that has nothing to do with regulatory relief for community banks, freeing up capital in financial institutions, or enhancing consumer protections. FICO explains what it thinks a credit-bureau generated credit score would mean for mortgage finance.
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  • Experian launches product to give lenders unprecedented insight into consumer behavior

    Gives historical insight across all three bureaus
    Experian launched its new product which will give lenders an unprecedented view into consumer behavior over time across all three credit bureaus. The company explained that while traditional credit gives lenders a glimpse into credit during a single moment of time, Experian’s product will add a deeper layer of insight.
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  • NAMB seeks to ban credit bureau sales of trigger leads

    Urges Congress to add restrictions to bills
    The National Association of Mortgage Brokers, an association that represents the interests of individual mortgage loan originators and small to mid-size mortgage businesses, announced it is seeking to ban the sale of trigger leads. The association explained mortgage trigger leads are created and sold by the national credit bureaus and are comprised of a significant amount of personal information from mortgage applicants.
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  • 38 states call on Experian and TransUnion to drop credit freeze fees in wake of Equifax breach

    Some states already prohibit credit reporting agencies from charging freeze fees
    Equifax may be offering one year of credit file monitoring and identity theft protection in the wake of the credit reporting agency’s massive data breach, which exposed the personal information of 145.5 million consumers, but more than 75% of the states want the rest of the major credit reporting agencies to do more to protect consumers.
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  • [Video] Cordray says Equifax, Experian and TransUnion to all face increased scrutiny

    The regulatory impact of the massive Equifax data breach
    While credit report agencies Experian and TransUnion weren’t part of Equifax’s massive data breach, they will definitely face increased regulatory scrutiny because of it. Consumer Financial Protection Bureau Director Richard Cordray outlined in an interview with CNBC what he thinks is necessary in order to not have a breach of this size happen again.
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  • Senate Democrats press FTC for review of data security at Experian, Transunion

    Prominent Senators ask FTC to ensure that consumers’ data is secure
    The Federal Trade Commission is already investigating the massive data breach at Equifax that exposed the personal information of 143 million U.S. consumers to hackers, but a number of top Democrats in the Senate want the agency to extend its investigation to the other big credit reporting agencies.
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