|By Business Wire||
|August 20, 2014 02:00 AM EDT||
LendProtect UK Ltd. (LendProtect) and Engaged CRM LTD, today announce a partnership that provides short-term and installment lenders a bespoke lending platform that leverages the only real-time underbanked consumer loan performance information available to the lending market. LendProtect is the leading provider of real-time underbanked consumer data and risk scoring solutions and Engaged CRM is a secure loan sourcing platform built specifically for the financial sector.
“We transformed our successful Engaged CRM into a platform tailored to resolve unique underwriting problems of short-term and installment lenders,” says Ashley Harris, Managing Director of Engaged CRM. “As the original specialised real-time credit reference agency in the UK, LendProtect proves to be the most robust solution for credit risk data on the underbanked market reported in real-time.”
LendProtect has offered specialised credit risk data in the UK longer than any other company in the industry. The company provides real-time data regarding loan performance, payments, consumer stability and employment, which is not available from the mainstream credit reporting agencies. The data is analysed in order to provide instant lending decisions using a proprietary comprehensive scoring platform. LendProtect also provides instant, secure access to a prospect’s electronic banking statement which is instrumental in providing a more accurate affordability assessment. Consumers also benefit by receiving access to additional borrowing options.
Engaged CRM has immense flexibility that enables lenders to manage and monitor productivity and increase efficiency. Complete lead management tools are enabled with integrated telephony and accessible from anywhere in the world. As the Financial Conduct Authority (FCA) has asked that alternative financial services do more to address affordability, Engaged CRM provides the means for lenders to create more efficient processes that are fast, easy and online.
“LendProtect has unremittingly focused on building partnerships that deliver a unique value for its customers,” explains Greg Rable, CEO of FactorTrust, Inc., LendProtect’s parent company. “Engaged CRM is providing a cost-effective online lending platform which enables lenders of any size to manage and scale successfully. This partnership is a natural fit as it offers short-term and installment lenders the most intuitive and flexible technology solution to manage their loans with confidence.”
About LendProtect UK Ltd.
LendProtect UK Ltd. has compiled the most comprehensive data on the underbanked market in the industry on portfolios that report data daily, in real time. This daily loan performance data on millions of underbanked consumers is analysed in order to provide instant lending decisions using the company’s comprehensive scoring platform. Lenders are continually faced with the challenge of how to effectively and intelligently manage risk to capitalise on this segment. This analysis uses data not typically reported to the credit bureaus, and is invaluable in helping consumers have access to better borrowing options, while also providing a more accurate assessment of the consumer for lenders. For more information please contact LendProtect UK at +44 (0) 113 251 5160 or [email protected].
About Engaged CRM LTD.
The Engaged Solutions brand was formed in 2012, and through investments and acquisitions the Engaged CRM arm of the business was separated out into its own company in 2014. As a leading financial services CRM the Engaged CRM has clients across the UK ranging from SME financial services businesses through to blue chip organizations. Through our individual bespoke platforms we ensure the Engaged CRM brings undoubted success and enhanced efficiency to all of our clients. For more information please contact Sam Johnson, Marketing Manager 0800 6440346 or email [email protected].
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