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Mortgage data quality services and solutions

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Contact data management for mortgage

As a major industry in the finance sector, mortgage companies find that remaining on top of today’s evolving rules, regulations, market conditions and expectations is a prerequisite for daily operations.  
 
Before mortgage companies can execute to reap the most success, they need to have a plan in place to accurately reach prospects with ease. This means prioritizing the following: 

  • Ensuring offers of credit are delivered quickly and compliantly  
  • Delivering communications in a cost-effective manner  
  • Reaching prospects as soon as possible, before borrowing decisions are made 

How do they achieve the actions mentioned above? Mortgage institutions will need to collect consumer data before the lending process unfolds and data quality management solutions are necessary to build a foundation for future success. Not only will accurate data help your business provide superior customer service, but it can minimize the risk of fraudulent activity or regulatory infractions, too.

The benefits of data validation for mortgage companies

When it comes to engaging with prospects, accurate contract data is critical. With Experian’s data validation solutions, mortgage companies will enjoy benefits such as:

Confidence in knowing offers are delivered

Contact data is ingested through many touchpoints that can make its way into your CRM. By ensuring validation is done on the contact data, your organization can be confident when needed for deployment. 

Increased response rates

Experian’s industry-leading validation and appends process means we can help enable a multichannel marketing approach to reach prospects where they are.

Cost savings

Every year, the cost of mail rises in both postage and creation. Ensuring addresses are valid can decrease the wasted cost of return mail. 

Gain new insights and interact with your data

As an organization operating in the mortgage industry, you understand that accessing, maintaining, reporting, and analyzing accurate consumer and loan performance data is a must.  
 
Our DataArc 360 is an innovative solution built on our data quality platform with pre-built rules to help data furnishers audit and interact with their data to minimize disputes and support organizational data quality processes. With out-of-the-box rules and customizable dashboards and alerts, data furnishers are able to monitor their data and report accurate consumer credit information.  
 
Paired with Experian’s consultation services, our expertise can help you analyze your current credit reporting and compliance practices and prescribe efficient and effective procedures that address common questions related to fatal errors, disputes, prioritization, and best practices. Our services are tailored to your specific business needs

Homepoint: boosts employee productivity and data accessibility

Experian helped Homepoint—one of the leading mortgage originators and servicers in the United States—use DataArc 360 to replace a labor-intensive and manual process with an automated method, saving time, money, and reducing risk to the business.

Learn how they did it
 

Contact us to learn more