The basic underwriting principles of consumer lending have historically focused around the core tenets of capacity, character, capital and collateral.
However, as lenders find themselves operating in an increasingly competitive environment, pressure is building to focus on fair and inclusive lending practices. As a result, many credit unions and community banks are now implementing trended credit scores to gain a more holistic view of consumer behavior.
Download our new insight guide to learn:
- How trended credit data leads to better-informed and more personalized lending decisions
- Specific benefits credit unions and community financial institutions have realized from implementing trended scores (in their own words)
- Implementation considerations and best practices
