For many banks and credit unions, up-to-date credit scores and ...

For many banks and credit unions, up-to-date credit scores and debt information play a critical role in determining the creditworthiness of a guarantor. With Sageworks Credit Report Access, bankers can import real-time credit information from three of the major credit bureaus and use this data throughout the life of the loan to identify and measure potential risk.

va Save time and remove redundant data entry for the credit department Make better lending decisions with updated credit score and debt information for borrowers or members Reduce the risks of manual data-entry errors, including transposed numbers Access information from Equifax, Experian and/or TransUnion, using the institution’s own member ID and password for each credit bureau Create consistency in documentation by saving credit reports to Sageworks Document Library Eliminate bottlenecks for lending staff, giving them more time for business development Use with the entire Sageworks suite for greater efficiency in underwriting, approving, documenting, pricing, risk rating and stress testing the loan “When I was an underwriter and portfolio manager several years ago my co-workers and I would dream of the ideal underwriting and portfolio management tool. Sageworks is as close to the perfect solution as I have come across. In addition to having a superior product, the service we get across the board is fantastic.” Shamus McConomy GTE Federal Credit Union