credit accelerator

Credit Accelerator

Leverage alternative lending data to create competitive offers, help minimize risk, and serve a wider range of consumers.
Request Information About Credit Accelerator

Could you benefit from a clearer picture of consumers' ability to pay

The future of credit is more holistic

Traditional credit reporting data and scores don’t always reflect a consumer’s ability to pay. Envestnet | Yodlee gathers data on behalf of consumers from the accounts they select and provides an easy-to-use file to the lender they authorize. This data often provides a clearer picture by unlocking cash flow, income deposit, and asset data throughout the credit lifecycle. This timely, holistic view can support strategic lending decisions and help you extend financial inclusion to more consumers.

This product is available via
  • API

Key Benefits

Alternative Data for Credit Decisioning.

Credit Accelerator covers 95% coverage of US bank account transactions and up to 365 days of statement data for checking, savings, and investment accounts.

Deep Insights

Get a clearer picture of consumers’ assets, liabilities, and expenses for strategic and inclusive decisions

Up-to-Date View

Identify and limit credit risk with timely deposit and transaction data providing an up-to-date view

Cash Flow

Understand available cash flow with views into DDAs, cash, recent transactions, and money market assets

Investments

See IRAs, trading accounts, 401(k)s and other holdings in one easy view through asset verification

 

Credit Payments

Understand current financial obligations with  credit card, auto loan, and mortgage payment data

Income & Expenses

Verify income by reviewing discretionary and non-discretionary expenses and deposits from payroll, contract work, and investments

Seamless Experience

How Envestnet | Yodlee’s Credit Accelerator Works

  1. Consumer submits a non-conforming loan application.
  2. Provider enables consumer to register and select which account(s) they’d like to share.
  3. Consumer provides credentials and consent for requested accounts.
  4. Credit Acceleration files are delivered via JSON or PDF.

Expand Access to Credit with Alternative Data

Current cash flow, deposit, and asset data through Credit Accelerator can help to qualify, underwrite, and manage loans more quickly for prospective borrowers that are difficult to assess with traditional credit scoring models and sources.

  • Help Underserved Consumers
  • Tap Alternative Lending Data
  • Expand Access to Credit
  • Better Assess Risk