Ford Using Alternative Credit Data for Loan Approvals

After a pilot study with ZestFinance to test alternative underwriting, the firm has now announced it will extend its model to more broadly consider alternative data for loan underwriting approvals; alternative loan data is being increasingly utilized across the financial services industry; Ford believes the new underwriting initiative could help improve sales for the firm which are down 4.3% year-to-date through July. Source

Subscribe
Notify of
0 Comments
Inline Feedbacks
View all comments