Increase Approvals, Lower Risk
Online lenders who use traditional credit scores to determine credit risk are often limited to prime and super prime customer segments.
But if the goal is to grow the business, diversifying your customer base can be key. That may mean tweaking your underwriting rules to allow for higher approval rates. Bloom can help.
Bloom’s underwriting models are designed to empower our clients to confidently deliver services to eligible, near-prime and subprime borrowers without risking profitability. We work with our clients to consistently optimize lift in default scoring while allowing for larger revenue segments.
Mission Accomplished: Approvals up. Risk Down.
To learn more about how we can help you increase approvals and lower risk, schedule a consultation today.