COMPANY FACT SHEET

PIONEER AND INDUSTRY TRANSFORMER

CreditXpert Inc., the pioneer and premier provider of highly personalized credit management and optimization solutions, is again transforming the lending industry—fulfilling our mission to provide lenders and brokers with the critical tools necessary to ensure success in today’s difficult mortgage market.

With the introduction of the CreditXpert AU Filter,™ we are launching the first product on the market to help lenders easily assess the impact of authorized user accounts on a borrower’s credit that is compatible with the scoring models for all three bureaus.

Our flagship offering, the CreditXpert® Solution Suite, is composed of credit analysis, optimization and simulation tools, and has been helping loan originators and lenders make more informed decisions and close more loans easier and faster than ever before.

We are continually reshaping the mortgage lending landscape—as the pioneer of the first credit analysis service in 2000, and today as the sole provider of comprehensive credit optimization solutions.

INNOVATIVE SOLUTIONS

The CreditXpert AU Filter™ is the first product on the market which can help lenders easily assess the impact of authorized user accounts on a borrower’s credit and is compatible with the scoring models of all three bureaus.

Authorized user accounts involve people “renting” the credit history of a high credit scoring individual to improve their own credit rating. We estimate that 30 percent of the 165 million scoreable credit files have authorized user accounts, meaning that some 50 million credit files are affected. Moreover, we estimate that 60 percent of those files will experience a score change when authorized user accounts are not considered in scoring.

To give lenders a more accurate measure of credit risk, CreditXpert AU Filter™ provides:

  • The score impact of filtering out authorized user accounts
  • Consumer-friendly reason codes that could be used in declining loans
  • Solutions that are fully compatible with all three bureaus’ scoring models
  • Easy transitions to the new bureau scoring models when they become widely available

The CreditXpert® Solution Suite is the sole comprehensive solution capable of identifying opportunities holistically—revealing the best way to manage credit and disclosing the impact of inaccurate information. It provides complete flexibility to match real-world situations so users can achieve the best results. Based on world-class credit scoring, data mining and predictive modeling expertise, The CreditXpert Solution Suite is an advanced hybrid of artificial intelligence, statistical techniques and analytical methods that provides the most accurate predictions and the most compelling results.

The CreditXpert Solution Suite includes:

  • Credit Assure™ – automatically pre-scans credit files for opportunities to improve credit scores, lists potential credit improvements and directs to the right product to use—all on the front cover of each credit report.

  • CreditXpert Detective™ – instantly identifies incorrect, missing and outdated information within and across all credit files.

  • CreditXpert Essentials™ – lets consumers know what their credit quality is, how it compares to others and finds the most cost-effective actions for improvement.

  • CreditXpert What-If Simulator™ – allows users to see the potential score-impact before they take action. Use it to predict results, develop plans, and make informed decisions.

RICH CREDIT HISTORY

Our rich background in credit began in 1992 with its parent company, the leading developer of credit scoring models. Its scoring models were deployed directly on a credit bureau system and were used by the top three credit card issuers. Building on this expertise, we continue to revolutionize the credit economy with innovative software solutions that help clients increase revenue, build stronger customer relationships and retain more customers.

CreditXpert products and services are offered to consumers through lenders, brokers, credit reporting agencies and consumer finance information providers. By offering these valuable credit optimization solutions, we help clients increase revenues, build stronger customer relationships and retain more customers.

CreditXpert products are natural standouts among the competition. Our staff includes analysts, scientists, and software engineers who understand credit data from all three credit bureaus as well as predictive modeling and expert systems. Our proprietary technology is based on advanced statistical techniques and sophisticated analytical methods.

It all adds up to a revolutionary way of doing business by creating a more interactive lending experience—a win-win for both lenders and consumers.

AVAILABLE EVERYWHERE

CreditXpert Solutions are available everywhere you get credit. CreditXpert offers its services to consumers through industry-leading providers, such as the sample listed below:

Credit Reporting Agencies

Technology Platform Partner
Representing over 100 small and mid-sized credit reporting agencies

Consumer Credit
Making CreditXpert® products available directly to the consumer

MANAGEMENT TEAM

The CreditXpert Team is composed of scientists, engineers, analysts and a host of others with extensive expertise in credit, finance and technology. The CreditXpert Team is led by:

David G. Chung, Managing Director
David Chung is responsible for developing and directing CreditXpert Inc.’s business development activities. He identifies and builds strategic partnerships, and is responsible for market research, customer identification, competitive analysis and defining strategic components of product evolution and sales and marketing plans.

Thierry M. Marbach, Managing Director
Thierry Marbach is responsible for innovation and product development at CreditXpert Inc. He oversees the development of all products, directs product evolution, and leads the scientific and customer support staff. Throughout product development, Mr. Marbach serves as the main link between CreditXpert’s technical and business departments.

Jay Travisano, Managing Director
Jay Travisano is responsible for the implementation and deployment of CreditXpert Inc.’s products. Mr. Travisano also headed software and systems development for CreditXpert’s parent company.

For more information about CreditXpert, please visit www.creditxpert.com

Media Contact

Denise Bauwens
Principal, marcomEXCHANGE
(610) 891-7560
(610) 891.7561 [fax]
dbauwens@marcomexchange.com



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