FactorTrust and GOLDPoint Systems Partnership Integrates Predictive Credit Data and Scores into Platform

Alternative Credit Data Enables Lenders to Make More Informed Decisions on Consumers

ATLANTA--()--FactorTrust, The Alternative Credit Bureau, today announced an innovative partnership with GOLDPoint Systems to integrate alternative credit data and scores into the online lender’s originating, servicing and reporting processes, thereby enabling GOLDPoint’s lending clients to get a complete overview of creditworthy borrowers.

GOLDPoint Systems is a loan origination and servicing system that enables lenders to fund loans with full service decisioning support. The company is integrating FactorTrust’s alternative credit data services and scores into their platform for lenders.

“Traditional data sources do not accurately portray a comprehensive profile of all consumers, particularly those with credit scores less than 700,” said FactorTrust CEO Greg Rable. “To gain more insights and intel on potential customers, it is imperative to pair highly predictive alternative credit data with traditional data. This partnership allows GOLDPoint Systems to do just that, enhancing their consumer lenders’ opportunities to better identify the right loan candidates.”

GOLDPoint Systems provides solutions to help consumer lenders across verticals approve and fund loans faster and smarter. “Our fully customizable products allow lending institutions of all types to grow and increase their revenue,” said Glen Twede, vice president sales and marketing, GOLDPoint Systems. “Partnering with FactorTrust and integrating their alternative credit data means we can expand on that capability.”

FactorTrust has long-provided alternative credit data, analytics and risk scoring information that lenders need to make informed decisions about consumers. It is differentiated from the Big 3 bureaus by its more than 250 million unique, behavioral and transactional data points untapped by these traditional sources.

For more information on FactorTrust, visit www.FactorTrust.com or contact 866.910.8497.

About FactorTrust
FactorTrust, The Alternative Credit Bureau, is relentlessly dedicated to proven analytics and clean credit information that provide lenders and financial service providers opportunities to grow more revenue, meet compliance regulations and serve more consumers with more credit options. At the core of FactorTrust is alternative credit data analytics and risk scoring solutions not available from the Big 3 bureaus. FactorTrust alternative credit data and analytics accurately predicts risk and the ability to repay near and non-prime consumer loans in real-time. The company’s solutions enable financial service companies an opportunity to uncover creditworthy prospects that are not surfacing via traditional credit sources. Headquartered in Atlanta, the experienced FactorTrust team has delivered unique data and valuable insight to U.S. lenders for more than 10 years. For more information on the quarterly FactorTrust Underbanked Index or the company itself, visit www.factortrust.com.

About GOLDPoint Systems
GOLDPoint Systems is the number one specialty lending platform in the country. They offer loan origination, servicing, collections, accounting and reporting software solutions. Visit www.goldpointsystems.com/.

Contacts

FactorTrust
Laurie Anderson, 678-488-9740

Contacts

FactorTrust
Laurie Anderson, 678-488-9740