Account Opening /Loan Origination
With comprehensive business information available only from Equifax, you can better evaluate the risk of new business applicants, enabling you to obtain more credit-worthy customers. This data combined with state-of-the-art decisioning technology empowers you to streamline the account opening/loan origination process, minimize the potential for losses, and improve the borrowing experience for your customer.
- Benefits to you:
- Make informed business decisions with unique data unavailable from other sources
- Leverage the power of the Equifax commercial and consumer credit databases for a more complete picture of the business risk
- Implement consistent credit policies across all channels
- Automate and simplify the end-to-end account opening process
- Improve customer service with faster response times
- Solutions we offer:
- Credit reports on the business and the principal / owner
- Credit risk and business failure scores
- Custom scoring solutions
- Application processing and decisioning technology for new account opening
From front-end risk evaluation to streamlining post-approval processes, Equifax delivers solutions to support your account opening and loan origination processes from beginning to end.
Why use Equifax
As the needs of our customers have evolved, so have we. Expanding on our role as the trusted steward of credit data, Equifax has grown into the leading provider of technology-and analytics-fueled information solutions.