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How Lenders Can Find the Hidden Risk in their Portfolio
Manage episode 373913219 series 2913521
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In this time of economic uncertainty, it’s important that lenders focus on account management strategies to detect hidden risk in their portfolios. In this episode, our Risk Advisory panel discusses the most important thing lenders need to be doing right now when it comes to account management.
In this episode:
· Understanding the value of a customer
· Ensuring your account management strategy compliments your adjudication strategy
· Frequency of account monitoring to minimize risk
· Is the cost and effort worth it?
· Should you consider alternative data?
· How lenders develop new strategies for unique situations, such as the student debt repayments
Resources:
Fintech Solutions: Discover how our rich data, predictive analytics and cloud-native technologies can help fintechs successfully target and acquire more customers, mitigate fraud and make better business decisions.
CreditForecast.com is a joint venture between Equifax and Moody’s Analytics. Get actionable consumer credit, economic and demographic data, forecasts and analysis.
Register for Market Pulse webinars to get relevant economic and credit insights to help your
business make more confident decisions.
Learn more about our Market Pulse podcast, and contact us at marketpulsepodcast@equifax.com
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