Factual Data, a provider of credit and verification services to the lending industry, has integrated its credit reporting services with Abrigo, a financial technology company providing compliance, credit risk and lending software solutions.
“As interest rates rise and experts talk of a potential recession, it’s important for lending organizations to find efficiencies anywhere they can,” says Reno D’Water, Factual Data’s senior vice president. “The Factual Data integration with Abrigo helps conserve resources by ordering credit reports and performing other lending operations in a unified space.”
With lending software from Abrigo, financial institutions can reduce data entry, simplify document gathering, take advantage of quick analysis and gain greater visibility into the sales pipeline with a built-in CRM. By integrating with Factual Data, Abrigo now offers a seamless way for lenders to access credit reports from multiple bureaus, as well as data on liens and judgments – all from within the Abrigo platform.
“It’s easy to see the operational benefits of an integration that allows for a more efficient loan evaluation process,” states Jay Blandford, Abrigo’s president. “What’s even more exciting is when it allows loan officers to spend more time focusing on the borrower experience – an increasingly important aspect of the lending process.”