Craig Crabtree Discusses Day 1 Certainty and Trended Credit Data with MNN

Craig Crabtree, SVP and General Manager of Equifax Mortgage Services, discusses the company’s involvement in Fannie Mae’s Day 1 Certainty and the benefit of trended credit data with Andrew Berman of Mortgage News Network. “It’s really a monumental shift in decreasing cycle time,” says Crabtree.  “We’ve been in the industry many years providing verification of [Read More…]

Trended Data – Impact on Credit Decisions

In a previous post – Trended Data – Becoming Mainstream, we defined trended data and shared how the use of trended financial data is becoming mainstream in the mortgage industry. In this post, we’ll share an example of how a lender might use trended data in their everyday decision-making process. As a reminder, trended data [Read More…]

Mobile commerce shines bright in online shopping

Equifax shares how to optimize your consumer mobile experience at Open Mobile Summit The 2016 holiday shopping season got off to a roaring start, particularly for the mobile channel which is seeing historically high sales. For the first time ever, online sales from mobile devices such as tablets and smartphones topped $1 billion during the [Read More…]

Are American Consumers Taking On Too Much Debt?

How much consumer debt is too much? This infographic from Visual Capitalist uses extensive Equifax data to try and answer this question. Courtesy of: Visual Capitalist

Trended Data at Equifax

In our previous blog post, we discussed how trended data is becoming mainstream, providing a simple definition and examples of how trended data is used today. In this post, we’ll share how Equifax uses trended data and the benefits of incorporating external insights into your decisioning process. To help our customers grow revenue and better [Read More…]

Bank Marketing: The ‘To-Do’ List Has Gotten a Lot Longer

Bank marketing has gotten a lot more complicated in the last 15 years. It used to be that a bank marketing team might consider that they were doing a good job if they sent a few direct-mail pieces promoting new product options, assisted with publicity for new branch openings, and organized some market research around [Read More…]

It’s the most, won-der-ful time of the year…for mobile

Is your mobile commerce channel optimized to drive revenue and mitigate fraud? Consumers love their mobile devices, and no time is it more evident than during the holidays when retail sales soar across mobile channels. In 2015, holiday sales from smartphones and tablets grew by more than 25 percent over 2014, to represent nearly one-third [Read More…]

Trended Data – Becoming Mainstream

Businesses continue to face ever-increasing regulations and ever-decreasing margins. Financial services, utilities and communications industries alike are seeking ways to drive more profitable growth while controlling expenses and staying within desired risk thresholds. Today, trended data solutions are helping companies expand their customer universe and improve risk decisioning, delivering positive impact to the bottom line. [Read More…]

Webinar: Enable Easier Rules Management with InterConnect

  For many years, organizations across the globe have relied on InterConnect®—a leading cloud-based, modular decision management platform from Equifax—to help them move quickly and efficiently from initial business strategy to measureable results in the marketplace. Now Equifax has teamed up with Sparkling Logic to strengthen one of InterConnect’s core products. The result is the [Read More…]

Black Friday Brings A Spike in Credit Card Account Openings

For the past four years, the Sundays before and after Black Friday have seen a fairly consistent 50% increase in the opening of retail credit card accounts over an average day in November or December. New retail credit card openings peak on Black Friday, when consumers on the average have continued to open nearly 3 [Read More…]