Palo Alto, USA, Oct 14, 2019 – www.TrustScience.com USA Inc. a leading provider of AI-Powered Credit Scoring, and Vergent Loan Management Software, formerly eSoftware Solutions, announced today enabling Vergent’s sub-prime lender customers with the first step in automated loan underwriting.
Trust Science gives Vergent’s customer’s data-driven underwriting. Sub-prime lenders benefit from an accurate way to score thin-file and credit invisibles. AI-derived scores, based on predictive unique & powerful data, can be integrated into any step of the credit decisioning process and Vergent user workflow.
“We’re supercharging lenders with the flexibility of predictive scoring at any step–or several escalating steps–of their decision process,” says Evan Chrapko, Trust Science, President & CEO.
“Partnering with innovative companies like Trust Science not only enhances our platform, but offers our clients the latest in integrated technology,” says Jennifer Tabb, VP Lending Relations, Vergent LMS.
Interested sub-prime lenders can register for the Trust Science & Vergent Webinar Nov 7, 2019, at 10 am PT.
Trust Science ® builds and delivers Credit Bureau 2.0. This is the world’s leading provider of AI-sourced and AI-analyzed alt.data to generate highly predictive credit scores for lenders around the world. Trust Science sifts Prime-quality loan applicants out of the wrongly-scored, so-called Subprime pool. Optionally, the system can also obtain consented mobile data using its patented (30+ patents across 12 countries) data collection methods. Lenders get increases in their loan origination volumes, reduction in default rates and double-digit ROI thanks to reduced OpEx from more automation and fewer human errors. Trust Science is a winner of the Red Herring North America Top 100 award, and “Smartest Companies to Watch” from Cherokee Media.
Vergent Loan Management Software was founded as eSoftware in 2006 by Scott Putnam (CEO) and Terry Freeze (COO) with the launch of its first product, eCash Software, a complete financial management software solution designed to meet the needs of lending institutions. A five-time Inc. 5000 Honoree, Vergent provides web-based loan management software for more than 3,000 storefront financial services organizations in North and Central America. To learn more about Vergent LMS, go to www.VergentLMS.com or contact Jennifer Tabb, VP of Lender Relations at 601-414-0076 or [email protected]
CEO, Trust Science
Trust Science and Credit Bureau 2.0 are registered trademarks of www.TrustScience.com Inc.