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ATLANTA (August 19, 2014) – Non-prime auto lenders need access to detailed customer files in order to make informed lending decisions. In order to supply lenders with the depth of data needed, FactorTrust, the leading provider of underbanked consumer data, analytics and risk scoring solutions, announces today a partnership with defi SOLUTIONS, the industry’s leading browser-based Loan Origination System (LOS). Now, savvy auto lenders who utilize defi’s LOS system will have access to FactorTrust’s unique, highly predictive data, giving underbanked consumers faster loan approvals and offering lenders lower underwriting costs and more accurate pricing ability.

Auto lenders who use defi’s system have the capability to control the entire application and funding process through a flexible software-as-a-service platform at an affordable price. Seamless integration with FactorTrust also allows defi lenders to access the most comprehensive underbanked consumer information on the market. This combined with traditional data sources offers defi lenders a competitive advantage when it comes to pricing and underwriting non-prime consumers.

“FactorTrust offers the most comprehensive underbanked consumer loan performance data in the industry,” states Stephanie Alsbrooks, CEO and founder of defi SOLUTIONS. “This offers defi lenders the ability to make accurate decisions faster, which fits perfectly with our mission to offer defi lenders the most efficient and effective LOS in the market.”

As the non-prime auto market has grown into an $89 billion dollar industry, so has the depth and breadth of FactorTrust’s proprietary data. FactorTrust has millions of data points on this growing segment and works with customers to provide instant, compliant and accurate data to support lending decisions.

“defi SOLUTIONS is highly-regarded in the industry because of its acute understanding of and eagerness to accommodate its lender base,” says Greg Rable, FactorTrust CEO. “Partnering with defi allows the company’s clients the ability to access FactorTrust’s proprietary data and scores and provides non-prime consumers greater options in terms of products.”

About FactorTrust
FactorTrust has compiled the most comprehensive data on the underbanked market in the industry through lending portfolios that report data daily, in real time. This daily loan performance data on millions of underbanked consumers is analyzed and combined with leading third-party data attributes in order to provide instant lending decisions using the company’s comprehensive scoring platform. Lenders are continually faced with the challenge of how to effectively and intelligently manage risk to capitalize on this segment. This analysis uses data not typically reported to the credit bureaus, and is invaluable in helping consumers have access to better borrowing options, while also providing a more accurate assessment of the consumer for lenders. For more information, please visit or contact FactorTrust at 1-866-910-8494.

About defi SOLUTIONS
defi SOLUTIONS provides an industry leading, browser-based Loan Origination System (LOS) that is completely configurable and easy to implement. The defi system allows auto lenders the flexibility to manage the application lifecycle from a single, flexible, SaaS platform. The defi LOS is affordable, scalable and easily accessible from mobile devices. Click here to schedule a date and time to demo the defi SOLUTIONS LOS.

Getting Started

defi SOLUTIONS offers lenders an end-to-end, total solution for the loan or lease lifecycle. Partnering with captives, banks, credit unions, and finance companies, defi’s market-leading solution helps lenders exceed borrower expectations. From digital engagement through the complete lending process, defi sets new standards for flexibility, configurability, and scalability in originations and servicing (by your experts or ours). If you’re curious about the possibilities of a complete end-to-end solution for your unique lending lifecycle, take the first step. Contact our team today or register for a demo.

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