GRAPEVINE, TX, Sept. 09, 2015 – defi SOLUTIONS, auto lending’s leading loan origination software company, announced today it has completed the integration of TransUnion’s (NYSE:TRU) CreditVision® solution into its loan origination system (LOS). CreditVision allows for deeper insights into credit behavior, featuring an expanded credit report with new and enriched data fields, historical account information, premium algorithms, and new, more sophisticated risk scores and marketing models.
“We are committed to providing defi lenders with leading data and tools to stay ahead in this competitive market,” said Stephanie Alsbrooks, CEO and Founder of defi SOLUTIONS. “The addition of CreditVision is particularly exciting because it offers lenders automated access to highly predictive credit attributes that can be used to optimize offers and improve results.”
Now defi SOLUTIONS’ customers can have access to TransUnion CreditVision attributes and are able to see synthesized data about how consumers manage credit. CreditVision offers lenders 300+ new premium attributes based on algorithms related to account history, along with 100+ indices that reveal a customer-level view of credit card and retail card spending patterns. This allows lenders to identify the current trajectory of an individual’s credit usage.
“We believe CreditVision will be an important data asset for lenders using defi SOLUTIONS’ LOS, as the solution effectively segments credit-active consumers for lenders,” said Tony Terrazas, senior vice president in TransUnion’s Innovative Solutions Group. “CreditVision will allow lenders to confidently identify and build strong relationships with new credit populations.”
About defi SOLUTIONS
defi SOLUTIONS provides the only leading edge, browser-based loan origination system (LOS) that is completely configurable by lenders. The defi system allows auto lenders to manage the application lifecycle from a single, highly flexible platform. The defi LOS is affordable, scalable and easily accessible from mobile devices. To schedule a demo of the defi SOLUTIONS system, visit defi SOLUTIONS online at https://defisolutions.com.
About TransUnion (NYSE:TRU)
Information is a powerful thing. At TransUnion, we realize that. We are dedicated to finding innovative ways information can be used to help individuals make better and smarter decisions. We help uncover unique stories, trends and insights behind each data point, using historical information as well as alternative data sources. This allows a variety of markets and businesses to better manage risk and consumers to better manage their credit, personal information and identity. Today, TransUnion has a global presence in more than 30 countries and a leading presence in several international markets across North America, Africa, Latin America and Asia. Through the power of information, TransUnion is working to build stronger economies and families and safer communities worldwide.
We call this Information for Good. http://www.transunion.com/business
Media Contacts:
Kristin Herring
defi SOLUTIONS
E-mail: kherring@defisolutions.com
Phone: 214-673-6364
Dave Blumberg
TransUnion
E-mail: dblumbe@transunion.com
Phone: 312-972-6646
Sales Contact and to Schedule a Demo:
Brice Beard
defi SOLUTIONS
E-mail: bbeard@defisolutions.com
Phone: 817-781-5038
