FactorTrust recently finalized an innovative partnership with GOLDPoint Systems to integrate alternative credit data and scores into the online finance company’s originating, servicing and reporting processes, thereby enabling GOLDPoint’s lending clients to get a complete overview of creditworthy borrowers.
GOLDPoint Systems is a loan origination and servicing system that can enable lenders to fund loans with full-service decisioning support. The company is integrating FactorTrust’s alternative credit data services and scores into their platform for lenders.
“Traditional data sources do not accurately portray a comprehensive profile of all consumers, particularly those with credit scores less than 700,” FactorTrust chief executive officer Greg Rable said. “To gain more insights and intel on potential customers, it is imperative to pair highly predictive alternative credit data with traditional data.
“This partnership allows GOLDPoint Systems to do just that, enhancing their consumer lenders’ opportunities to better identify the right loan candidates,” Rable continued.
GOLDPoint Systems can provide solutions to help consumer lenders across verticals approve and fund loans faster and smarter.
“Our fully customizable products allow lending institutions of all types to grow and increase their revenue,” said Glen Twede, vice president, sales and marketing, GOLDPoint Systems. “Partnering with FactorTrust and integrating their alternative credit data means we can expand on that capability.”
FactorTrust has long-provided alternative credit data, analytics and risk scoring information that lenders need to make informed decisions about consumers. It is differentiated from the Big 3 bureaus by its more than 250 million unique, behavioral and transactional data points untapped by these traditional sources.
For more information on FactorTrust, visit www.FactorTrust.com or call (866) 910-8497.