LendOptix™ makes it easy to accurately assess credit risk.
LendOptix is a new credit risk model used to objectively assess the likelihood of early payment default on short-term loans. Based on unique CoreLogic® Teletrack® consumer credit data, it analyzes borrower behavior and generates a three-digit score and supporting reason codes. The lower the score, the greater the risk. Lenders can use this information to make fast, informed decisions about whether or not to approve loans.
Developed using sophisticated logistic regression, LendOptix eliminates subjectivity in making credit risk decisions, enables consistent and compliant risk strategies, and facilitates rapid deployment and adjustment of business strategies.
The LendOptix storefront and Internet versions are now available. Call today to learn how you can test this dynamic new product.