The President of Clarity solutions talks about making a credit bureau from scratch, realtime credit choices, fighting fraudulence, their state associated with sub-prime customer and much more.
In this nation there were three main credit reporting agencies, Experian, Equifax and TransUnion, for all years. These businesses offer a lot of the customer data that loan providers use today to produce a credit choice. But, there are other bureaus that cover various niches in the customer room and something such business is Clarity Services.
My guest that is next on Lend Academy Podcast is Tim Ranney, the CEO of Clarity Services. Tim has been doing something extremely people that are few ever done: he has got started a credit bureau from scratch. Clarity Services calls itself the вЂњReal-Time Credit BureauвЂќ, Tim describes just exactly what this means in the show and exactly how their company differs from the others towards the big three bureaus.
In this podcast you shall discover:
- Just exactly How Clarity Services got its begin back 2008.
- The way they will vary into the three credit bureaus that is main.
- The problem that is big of time lag on the capture of credit information.
- The forms of transactions that Clarity Services captures that don't get reported to your old-fashioned bureaus.