Alternative data in lending is here to stay
Do you have a strategy in place for utilizing it?
If your credit union is using only traditional underwriting methods, chances are that you’re limiting your lending potential. The use of alternative data in underwriting opens credit avenues for members and small businesses that otherwise might have been closed to them.
Alternative data is here to stay, and lenders who do not have a strategy in place to utilize this powerful tool will be left behind.
Download our white paper, written by Velocity Solutions CEO Christopher Leonard, to learn how you can expand your lending and reduce charge offs using alternative data.
