The partnership will create a turnkey CECL solution that allows lenders to seamlessly comply with new CECL accounting rule.
Read More »Robert Beauchamp Joins TransUnion Board of Directors
Beauchamp is Chairman of BMC Software and brings specialized expertise in cybersecurity and information technology innovation to the TransUnion Board.
Read More »Will Non-prime Mortgage Lending Increase in 2018?
The mortgage market continued performing well in the first quarter of 2018, according to a report. Here’s what the numbers foretell for lenders looking at the non-prime market.
Read More »Average Mortgage Debt on the Rise
The consumer credit market showed an overall strong performance at the end of 2017, according to the Q4 Industry Insights Report published by TransUnion on Tuesday. According to ...
Read More »The Week Ahead: Reshaping Consumer Lending in 2018
On Wednesday, TransUnion will take a look at the road ahead with its annual Consumer Lending Forecast for 2018. Here’s what else is slated for The Week Ahead.
Read More »FICO 2,4,6,8— We’re in Need of an Update
We’ve had FICO Score 2, 3, 4, 5, 8, and now 9, so why is FICO 4 still the GSE requirement for originators to use?
Read More »Multifamily Homeowners: Brace For Impact
Renters are finally setting their sights on homeownership, according to an analysis released on Thursday. In Q1 of 2017, the share of home shoppers who were either non-homeowners or renters rose markedly over years past. Will the trend continue? And what does it mean for lenders and multi-family property investors?
Read More »The Age of Data Fusion: How Lenders Can Use Alternative Data to Score Borrowers
There are new segments of the population emerging that include millennials, minorities, immigrants, and rural dwellers, and the typical FICO score evaluation just won't cut it for lenders.
Read More »3 Ways Alternative Data Offers Mortgage Lenders a Competitive Edge
As new credit populations emerge in the housing market and competition among lenders heats up, other data avenues must be considered to accommodate new borrowers.
Read More »Over Half of Millennials Check Credit When Applying for Mortgage Loan
Although millennials are less likely than baby boomers to identify milestone life events that could affect their credit, over half them are checking their credit when taking out a mortgage loan.
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