Experian, a leading global information solutions company, announced it has signed an agreement with MicroBilt Corporation, a provider of credit access software via the Internet. Experian’s Fast Start suite of applicant scoring models is now available to the financial services industry through MicroBilt’s CreditCommander.com interactive Web site.
“We are very pleased that MicroBilt has added our industry-leading Fast Start scorecards to CreditCommander.com,” said Rob Fite, director of strategic initiatives for Experian’s decision solutions business unit. “With access to these industry specific semi-custom scorecards, MicroBilt’s customers, such as credit unions and banks, can improve the efficiency and effectiveness of the new credit evaluation process.
Experian’s Fast Start suite of empirically derived scorecards makes use of account credit bureau data as well as industry- and product-specific data to help banks and credit unions improve the efficiency and speed of the credit decisioning process. For each industry model, pooled data is analyzed, predictive characteristics are selected, point values are assigned, and the model is validated against a subpopulation of the original pooled data. This provides a flexible alternative to the development of a custom model.
“We are delighted to begin offering Experian’s Fast Start scoring models to existing and prospective customers,” states Mike Garretson, senior vice president and general manager of MicroBilt Corporation. “For example, integrating the Credit Union model into CreditCommander.com gives lenders the ability to quickly and accurately zero in on the right decision and product to offer their potential clients.”
Experian has developed a comprehensive suite of industry specific models including automobile, bankcard, credit union, home equity, and direct and subprime loans.
Experian enables organizations to find the best prospects and make fast, informed decisions to improve and personalize relationships with their customers. It does this by combining sophisticated and intelligent decision-making software and systems with some of the world’s most comprehensive databases of information on consumers, businesses, motor vehicles and property. Through multi-channel delivery of its Web-based products and services, Experian enables its clients to conduct secure and profitable e-business and develop state-of-the-art Customer Relationship Management (CRM) systems for communicating and building relationships with customers. Experian is a subsidiary of GUS plc and has headquarters in Nottingham, UK, and Orange, Calif. Its 12,000 people support clients in more than 50 countries. Annual sales are approximately $1.5 billion.
For more information, visit the company’s Web site at .
MicroBilt, a division of Bristol is a nationwide leader in credit bureau data access and retrieval, providing credit solutions to the Financial (banking, mortgages, home equity, credit union, collections), Rental or Leasing, Health Care, Insurance, Law Enforcement, Educational (Universities, Colleges and institutions of higher learning) and Utilities (gas, electric, cellular, cable, residential phones) industries. MicroBilt provides interfaces with the three consumer bureaus, Equifax, Experian and Trans Union and the two commercial bureaus, Dun & Bradstreet and Experian Business. Bureau data is available via dial-up software, Internet website access (), or through an integrated custom interface utilizing the Software Developers Kit. The company also enables web sites to enhance their content offerings by delivering a CreditCommander.com co-branded site to their established online communities. MicroBilt services over 30,000 customers throughout the United States and Canada. MicroBilt (), formerly a First Data Corporation subsidiary, is headquartered in Kennesaw, Georgia with offices in Princeton, New Jersey, South Carolina, Arizona and California.Details