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PortfolioID™

Understand the credit profiles of customers to manage portfolio performance and minimize risk.
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A Cost-effective Solution to Portfolio Analysis

PortfolioID offers companies access to a predefined set of credit scores and attributes that they can use to create an in-depth picture of customer accounts and portfolios. 

By evaluating customers and portfolios against the Equifax database of credit active consumers, PortfolioID helps lenders and other companies obtain a high-level view of portfolio performance in addition to detailed customer-level information. Companies can use PortfolioID to find customers for expansion opportunities in order to grow their business. At the same time, PortfolioID can be used to identify customers at risk of delinquency or default so they can take appropriate action to minimize risk. In addition, companies can use PortfolioID to help inform collections strategies and assess the credit health of their portfolios.

PortfolioID is a consumer report and its use is regulated by the Fair Credit Reporting Act (FCRA). 

Easy to Get Started
Select from a set of predefined credit-based scores and attributes to understand customers’ credit position and behaviors.
Review and Monitor Accounts
Periodically perform portfolio reviews or conduct more frequent reviews to monitor for negative changes in select attributes.
Budget-friendly
Control portfolio review costs with a packaged approach to score and attribute selection.
Find Performing Accounts to Grow
Identify attractive accounts who may be a fit for increased credit limits or lower APR to deepen relationships and engagement.
Identify Customers at Risk 
Spot troubled accounts at risk of delinquency or default so you can take action early to minimize risk.
Support Collections Efforts
Gain insight on credit profiles and delinquency trends so you can better allocate collections resources.

Gain a Better Understanding of Your Customers

Portfolio reviews are often focused on spotting troubled accounts, but they can also enable firms to identify opportunities to grow. Use ProspectID to inform decisions to support both growth and risk management.

Maintain and Grow Your Current Portfolio

Find opportunities to confidently expand your portfolio by segmenting performing accounts. Provide these customers with options to increase credit limits or lower their rates in order to grow customer loyalty and decrease attrition across valued customer segments.

Minimize Risk Exposure and Efficiently Assign Resources

Reduce losses by monitoring the credit-worthiness of existing accounts and identify candidates for credit limit reduction or account closure. Plus flag delinquent accounts for follow-up and monitor accounts for changes in credit activity at other firms.

Support Your Business with Straightforward Account Reviews

The pressure to aggressively grow customer portfolios combined with a rapidly changing economy has increased the need for effective portfolio monitoring. However with limited budgets, firms may be challenged to come up with resources to help stay on top of and actively manage their lending portfolios. 

That is where PortfolioID can help. It provides a cost-effective solution for straightforward account reviews. How? By offering a streamlined process for companies to access a predefined set of credit-based scores and attributes in order to gain insight about both their customers’ credit position and behaviors and their portfolios as a whole.

Frequently Asked Questions

PortfolioID provides a streamlined, cost-effective solution for portfolio reviews. Companies that use PortfolioID can benefit from an easier process to evaluate their customers by selecting from a set of predefined scores and attributes. In contrast, Customer Portfolio Review offers more custom review capabilities. Companies that use Customer Portfolio Review can choose from all available credit scores and attributes to analyze their customers and can even define custom attributes to meet their unique needs.
 

Portfolio reviews are typically conducted at least quarterly. However, monthly reviews can yield significant improvements in risk mitigation. Data from Equifax shows that there is a 50% decrease in the efficacy of loss mitigation programs for every monthly review that is skipped. Analytics from Equifax also show that more frequent reviews can increase cost savings by 40%-50% by using early risk and retention signals to identify new dollars at risk. 

PortfolioID can simplify the account monitoring process by automatically reviewing a company’s customer portfolio, identifying the records with negative performance and providing only those records to the client. Performance criteria can be defined for desired attributes and/or score ranges from an initial project date to a subsequent project date.

Some of the most common selections include attributes that shed light on bankruptcy, charge-off trades, tax liens, foreclosures, collections, delinquencies, and utilization.

Firms can use Portfolio Insights Dashboard powered by Equifax Ignite to gain on-demand access to detailed data visualizations of portfolio performance. Lenders can use the dashboard to evaluate portfolio segments by trades, product mix, balances, generation, delinquencies, demographics, and more. Plus benchmark portfolio performance against competitors and the larger market. Learn additional details in the Portfolio Insights Dashboard infographic.

Infographic

Review Lending Accounts Frequently and Increase Cost Savings by 40%-50%

In a changing economy, annual or quarterly account reviews may not be sufficient to manage risk. Discover how more frequent reviews can help increase cost savings and protect dollars at risk.
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Infographic
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Infographic
Portfolio Insights Dashboard Powered by Equifax Ignite®
Product Sheet
Product Sheet
Customer Portfolio Review
Infographic
158 KB
Infographic
Review Lending Accounts Frequently and Increase Cost Savings by 40%-50%
eBook
2 MB
eBook
Account Management for Lenders
Infographic Product Sheet Infographic eBook
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Streamline Reviews with Portfolio Insights Dashboard

Explore how our cloud-based dashboard can help you quickly discover hidden risks and opportunities in your portfolio. Visualize analytics about portfolio performance so you can make smart decisions.

Discover Dashboard
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