Experian Tool Tracks Changes in Consumer Credit Profiles.

Costa Mesa, CA -- Experian has launched a new tool dubbed Credit Migration Solutions to make it easier for mortgage institutions to prospect, manage their portfolio and handle collections.

The product allows the user to analyze the credit behavior of customers and prospects to make acquisition, portfolio management and collections decisions. This new capability can be used throughout the customer life cycle to alert credit grantors to changes in a consumer's credit profile.

Specifically, by comparing credit behavior between two points in time, Credit Migration Solutions reveals how consumers are performing and how their credit profiles are evolving. The application signals when consumers meet predetermined thresholds for credit scores and attributes, such as changes in balances, utilization or delinquency behaviors.

Experian developed this tool so that by using this information, companies can target new customers, retain and expand relationships with current customers, and minimize risk exposure with others - all at the appropriate time.

The three main components of the product include having the ability to target prospects when they migrate into a credit grantor's lending criteria to increase response and approval rates for pre-approved credit offers. Prescreen Data Migration monitors and compares how a consumer's credit behavior changes, informing companies when prospects move into predetermined thresholds. This enables responsive marketing based on timely knowledge.

Second, the application eases portfolio management by identifying significant changes in customers' credit profiles, which affect how companies manage risk, retention and cross-sell opportunities. Portfolio Data Migration delivers batch results that provide targeted information on customers based on predefined thresholds for account review. Portfolio Migration Triggers can be integrated into an already existing daily triggers program to strengthen and expand customer relationships while creating the ability to spot credit problems before they impact profits.

Lastly, there are collections functionality built in. The ability to identify changes in debtors' credit scores, balances, credit utilization and contact information is vital for knowing when positive changes signal a good time to resume collection efforts. Collections Data Migration ...