Credit Risk Underwriting
Sign3's Credit Risk Underwriting solution uses alternative data to provide a more accurate and comprehensive view of customer creditworthiness. By integrating digital footprints, social signals, and device data beyond traditional bureau reports, we help financial institutions make informed lending decisions, reduce delinquencies, and minimize fraud risk.
CHALLENGE
Limited Data and Inaccurate Assessments
Traditional credit risk assessments rely heavily on bureau data, which can be incomplete or outdated. This often leaves financial institutions unable to fully assess the credit risk of applicants, especially for those with thin credit files or limited financial history. Additionally, fraudsters can exploit the gaps in traditional underwriting, leading to bad loans, high default rates, and financial losses.
of credit defaults are linked to poor underwriting and incomplete customer data
of lenders believe alternative data improves credit decision accuracy
HOW SIGN3 SOLVES IT
360-Degree Credit Assessment Tool
Comprehensive 360-Degree Views
Combine bureau data & alternate data to create accurate, complete persona of borrowers and their intent, enhancing your understanding of credit applicants.
Uncover Hidden Connections Rapidly
Utilize Graph Analytics to efficiently monitor portfolios of any size, revealing connections that traditional methods might miss, and providing a more nuanced understanding of risk.
Pre-Assesment of Applicants
With advanced behavioral analytics, Sign3 pre-assess applicants based on risk profiles, helping you filter out high-risk candidates and focus on legitimate, creditworthy individuals
Integrate Non-Traditional Data
Incorporate diverse external data models into your scoring pipeline, enriching your risk assessment with a broader range of information and improving decision-making.
THE IMPACT
Our Results are Remarkable
reduction in delinquency cases
more users underwritten with no increase in false positives
In underwriting efficiency
