LMX

You want major multi-bureau CRA data, great unit pricing and smaller volume commitments? Leverage LendingMetrics’ buying power and personalised service!

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“Best Credit Risk Solution”

Winner


Credit & Collections Technology Awards 2017 - 2020

Why LMX?

Integrated with Equifax and Experian

LMX provides everything you want from a major Credit Reference Agency

We aggregate our search volume across scores of lenders to negotiate preferential rates with CRAs, with limited upfront costing barriers, meaning you can benefit from commercially attractive terms and high service levels.

Access multi-bureau data with one contract

With one contract, you can the ability to waterfall across multiple credit, ID, bank account and affordability projects. One commercial commitment means you will have a direct point of access to an account manager and a rapid escalation process to deal with requests.

Have it your way: Automatic or Manual

We provide single reporting for two of the biggest bureaus, and specialise in supplying and using the data in automated and manual assessments. Being experts in both credit risk and technology, we understand the data and how it fits into the cycle, offering additional guidance on API integrations and customer journeys.

A smooth ride from start to finish

Our volume commitments and duration of contracts are considerably modest, and, with only one agreement, you don't need to worry about multiple account setup fees or significant integration wait times. You can go live quickly and without hitting any unnecessary speed bumps along the way.

The LMX Products

Insight Credit Bureau Data

Traditional Credit Data

Helping Lenders to make accurate decisions on affordability, potential indebtedness and to assess financial stability

LendingMetrics provide tailor made bespoke reports and have a QCB (data block) of over 1000 characteristics, covering;

  • Payment History
  • Debt Levels
  • Defaults
  • Residency
  • Financial Background

LendingMetrics can also provide Insight quotations and customer management searches, these searches are visible to the customer only.

LendingMetrics Insight Credit Bureau Data

Accuracy
Accuracy and depth of data is imperative to risk strategy, utilise insight data to predict the future and get the complete client picture to ensure you make balanced risk management decisions.

Integrity
Data integrity is at the foundation of Equifax, identifying when separate records should be attributed to one individual or one address, to provide a complete financial profile of that person’s history.

Insight
Insight holds information provided by credit providers and other lenders, including details of existing and previous credit commitments and historical information about the repayments of these agreements.

Equifax Short Term Lending Score

Industry Specific Score

  • Higher GINI than comparable CRA scores
  • Delivering GINI’s between 25 and 45 depending upon the portfolio and “bad definition” used
  • Developed on a sample of known “unreliable payers” incorporating widely used Equifax scorecards that have highlighted predictability.
  • The Score has been specifically calibrated on short term loan performance data with specific outcome definitions (how likely the applicant is to repay within 30 days of their due date)
  • The score is equally predictive on new short term loan customers, and those with established short term loan performance
  • The score can be overlaid on any bespoke scorecard to add additional predictive power

LendingMetrics Equifax Short Term Lending Score

Anti Money Laundering

Residency, Identity and Alerts

  • Access millions of accurate records, covering the whole UK adult population
  • Highlights important alerts, including forwarding addresses, HM Treasury sanctions, senior political figures, Office of Foreign Asset Control and Halo TM (Deceased)
  • Provides the UK financial services sector with an unrivalled ability to tackle the threat from money launderers and terrorist finance
  • Helping protect lenders from fraud by addressing the latest anti-money laundering regulations and operational challenges

LendingMetrics Anti Money Laundering

Bank Verifier

Combatting Bank Fraud

  • Bank Verifier instantly matches the sort code and account number provided by an applicant to the name and address held by their bank.
  • Transparent matching methodology allows the lender to know if there is an exact, partial or no match
  • Directly combats account fraud and meets regulatory requirements
  • Reduce the risk of failed transactions arising from invalid bank details

Financial Stability Suite - Income Verification

Turning Compliance Into Strategy

  • Utilises Current Account Turn Over Data (CATO) supplied directly from the banks and building societies to verify salary and does not rely upon modelled data
  • The customer's salaried account is identified by using superior matching technology looking at consistency and sufficiency
  • Removes anomalies from the customers’ accounts such as unusually high amounts and credit as recorded in Insight
  • Developed to meet new compliance guidelines for “Responsible Lending”
  • Computational process that avoids manual error, making it quicker and more cost effective.

LendingMetrics Financial Stability Suite - Income Verification

Property Insight

Understanding Your Customers' Living Situation

Land Registry / Registers of Scotland
Details of residential property sales dating back to 2000.

Property Valuation
Having a clear understanding of property values is key to assessing the risks involved with Mortgage lending. Valuations through a surveyor can be costly and time-consuming and Indexation can be unreliable. We can solve both of these problems and help enable your business to make the best strategic decisions through our new Automated Valuation Model (AVM).

Mortgage characteristics
How a customer pays down their mortgage gives an indication of how they manage their finances in general and how resilient they will be to potential financial shocks. We will provide this insight through equity estimations, starting mortgage LTV and the amount of mortgage debt that has already been repaid.

Property ownership
We will help you to identify the Commercial Ownership types which include Social and Council Housing and Student Residence.

LendingMetrics Property Insight

Council tax
Council Tax bands and values for all residential properties.

Rental properties
We provide historic rental listing details and rental valuation estimation models for various housing types including private, social and council housing. These rental estimates can also be used to advise potential rental yields on Buy-to-Let Mortgages.

Postcode demographics
Postcode-based characteristics can help you to understand your target markets which can add value to marketing campaigns and branch footprints and more.

Delphi Select

Consumer Credit Information

Delphi is the consumer credit file information comprising CCJs, bankruptcies, positive and negative credit payment history, all linked address history, financial associates and credit score (including six years of CAIS balance and status history, and credit card payment data). This service is delivered with all of Experian’s characteristic blocks (VADs Value Added Blocks) alongside the raw data (Experian’s Full Bureau Link) providing a comprehensive and granular view of the consumer’s “traditional” credit file. This data is updated monthly and is supplied by one of the world’s leading credit reference agencies.

One Experian score is also included in every Delphi Select search, this can also be a sector specific score if required. Experian’s new scorecard Delphi Generation 11 is their most advanced scorecard to date. Experian have undertaken significant analysis around the impact of COVID-19 on the Delphi score profile, exploring its accuracy and ability to withstand change, their analysis evidences that the score outperforms expectations and remains one of their strongest available indicator of risk. The score provides more granular data on the individual’s spend and payment history, allowing you to more accurately differentiate customers’ who have similar risk scores but very different recent credit behaviour.

Identity Authenticate

Correctly authenticate consumers

Authenticate combines three related elements, validation, verification and fraud alerts:

Validation
The process of establishing that there is sufficient supporting evidence to confirm that a person of the supplied name exists at the supplied address.

Verification
The process of establishing that the customer you are dealing with is the ‘owner’ of the valid identity references.

Fraud alerts
The process of supplementing the results of the above processes with checks on a number of additional ‘high risk’ data sources.

Identity Authenticate uses an electronic, risk-based approach to validate and verify the identity of your customers. Once the name and address details have been verified, further biographical details are captured on the applicant. These details are then validated against Experian’s data sources and supplemented with checks against a number of additional ‘high risk’ data sources. All the appropriate data is passed through a scorecard to generate an overall measure of the degree of confidence that may be placed in your customer’s identity. Adaptable controls and levels of verification allow you to meet your business requirements.

Experian Identity Verification

  • Delivers identity verification in real-time to speed up your customer onboarding process
  • Designed to support regulatory compliance
  • Confidence indicator to create a trusted relationship with genuine customers

Identity Authenticate will also highlight automatically at the point of application if the individual is a politically exposed person (PEPs) and/or has been sanctioned. Following the regulatory change as part of the Money Laundering Directive in 2018, lenders were required to update their AML strategy to include PEPs and Sanctions checks.

BWA (Bank Wizard Absolute)

Real-time verification

BWA is a real-time verification service that validates your customers against their bank account details (verifying sort code and account numbers).

Bank Wizard Absolute:

  • confirms the existence of the validated account
  • confirms the connection between the account and the customer
  • identifies payments that would fail due to account closure, non-existent account and deceased account holder

By comparing the personal and account data supplied by your customer with the account and account holder information held in Experian’s secure database, Bank Wizard Absolute verifies whether an account exists or not. BWA returns a score that shows the degree to which the entered data matches the bank data held. The actual bank data is never returned to the user.

Experian BWA

Affordability IQ

LendingMetrics supply Experian’s latest Generation 11.2 of Affordability IQ utilising CATO (Bank) Current Account Turnover data, providing more flexibility and control.

So, what’s new and what does it do:

  • Income estimates and summary turnover metrics - The provision of income estimates for multiple time periods (3, 6 or 12 months) along with multiple account turnover category information. You can choose which category you wish to receive, therefore allowing flexibility in income verification strategies and enabling better lending decisions. Verifies approximately 80% of supplied incomes.
  • Income shock metrics - A series of red/amber/green indicators intended to highlight when current account turnover drops below your defined thresholds. This data can be used to assess whether or not there has been any significant drop in an individual’s income over the last 3 months.
  • Income stability metric - A series of red/amber/green indicators intended to highlight changes in current account turnover by comparing the medium turnover values over various time periods. There are separate metrics for identifying turnover increase and turnover decrease. You can use income stability metrics to help confirm your specified verification percentage when assessing an applicant’s income.
  • Source of income estimate - Provides you with information on the type of current account (and its turnover stability) that has been used to estimate income. This provides you with greater transparency and data granularity regarding the income source and it provides greater confidence in the calculated incomes that you are looking to verify against supplied income.

Detect

Integrated Fraud Protection

Detect is for organisations who want an integrated a fraud detection process.

Key features:

  • Review and screens credit applications against multiple data sources to highlight anomalies
  • Real-time checks that do not lengthen or disrupt the customer journey
  • Improved visibility of fraud, allowing you to identify suspicious activity which may not be visible during a standard credit check

Detect checks against over 100 million records at the point that a customer completes an application online. Where suspicious indicators are found, applications are highlighted so that further investigation and action can be taken. Detect aim to help to reduce the impact that fraud has on your business and ensures genuine applications can be processed as quickly as possible.

Experian Fraud Detection

With one contract, you can have access to two of the largest credit reporting agencies in the world.

Select a provider to get started

Insight Credit Bureau Data

Traditional Credit Data

Helping Lenders to make accurate decisions on affordability, potential indebtedness and to assess financial stability

LendingMetrics provide tailor made bespoke reports and have a QCB (data block) of over 1000 characteristics, covering;

  • Payment History
  • Debt Levels
  • Defaults
  • Residency
  • Financial Background

LendingMetrics can also provide Insight quotations and customer management searches, these searches are visible to the customer only.

LendingMetrics Insight Credit Bureau Data

Accuracy
Accuracy and depth of data is imperative to risk strategy, utilise insight data to predict the future and get the complete client picture to ensure you make balanced risk management decisions.

Integrity
Data integrity is at the foundation of Equifax, identifying when separate records should be attributed to one individual or one address, to provide a complete financial profile of that person’s history.

Insight
Insight holds information provided by credit providers and other lenders, including details of existing and previous credit commitments and historical information about the repayments of these agreements.

Equifax Short Term Lending Score

Industry Specific Score

  • Higher GINI than comparable CRA scores
  • Delivering GINI’s between 25 and 45 depending upon the portfolio and “bad definition” used
  • Developed on a sample of known “unreliable payers” incorporating widely used Equifax scorecards that have highlighted predictability.
  • The Score has been specifically calibrated on short term loan performance data with specific outcome definitions (how likely the applicant is to repay within 30 days of their due date)
  • The score is equally predictive on new short term loan customers, and those with established short term loan performance
  • The score can be overlaid on any bespoke scorecard to add additional predictive power

LendingMetrics Equifax Short Term Lending Score

Anti Money Laundering

Residency, Identity and Alerts

  • Access millions of accurate records, covering the whole UK adult population
  • Highlights important alerts, including forwarding addresses, HM Treasury sanctions, senior political figures, Office of Foreign Asset Control and Halo TM (Deceased)
  • Provides the UK financial services sector with an unrivalled ability to tackle the threat from money launderers and terrorist finance
  • Helping protect lenders from fraud by addressing the latest anti-money laundering regulations and operational challenges

LendingMetrics Anti Money Laundering

Bank Verifier

Combatting Bank Fraud

  • Bank Verifier instantly matches the sort code and account number provided by an applicant to the name and address held by their bank.
  • Transparent matching methodology allows the lender to know if there is an exact, partial or no match
  • Directly combats account fraud and meets regulatory requirements
  • Reduce the risk of failed transactions arising from invalid bank details

Financial Stability Suite - Income Verification

Turning Compliance Into Strategy

  • Utilises Current Account Turn Over Data (CATO) supplied directly from the banks and building societies to verify salary and does not rely upon modelled data
  • The customer's salaried account is identified by using superior matching technology looking at consistency and sufficiency
  • Removes anomalies from the customers’ accounts such as unusually high amounts and credit as recorded in Insight
  • Developed to meet new compliance guidelines for “Responsible Lending”
  • Computational process that avoids manual error, making it quicker and more cost effective.

LendingMetrics Financial Stability Suite - Income Verification

Property Insight

Understanding Your Customers' Living Situation

Land Registry / Registers of Scotland
Details of residential property sales dating back to 2000.

Property Valuation
Having a clear understanding of property values is key to assessing the risks involved with Mortgage lending. Valuations through a surveyor can be costly and time-consuming and Indexation can be unreliable. We can solve both of these problems and help enable your business to make the best strategic decisions through our new Automated Valuation Model (AVM).

Mortgage characteristics
How a customer pays down their mortgage gives an indication of how they manage their finances in general and how resilient they will be to potential financial shocks. We will provide this insight through equity estimations, starting mortgage LTV and the amount of mortgage debt that has already been repaid.

Property ownership
We will help you to identify the Commercial Ownership types which include Social and Council Housing and Student Residence.

LendingMetrics Property Insight

Council tax
Council Tax bands and values for all residential properties.

Rental properties
We provide historic rental listing details and rental valuation estimation models for various housing types including private, social and council housing. These rental estimates can also be used to advise potential rental yields on Buy-to-Let Mortgages.

Postcode demographics
Postcode-based characteristics can help you to understand your target markets which can add value to marketing campaigns and branch footprints and more.

Delphi Select

Consumer Credit Information

Delphi is the consumer credit file information comprising CCJs, bankruptcies, positive and negative credit payment history, all linked address history, financial associates and credit score (including six years of CAIS balance and status history, and credit card payment data). This service is delivered with all of Experian’s characteristic blocks (VADs Value Added Blocks) alongside the raw data (Experian’s Full Bureau Link) providing a comprehensive and granular view of the consumer’s “traditional” credit file. This data is updated monthly and is supplied by one of the world’s leading credit reference agencies.

One Experian score is also included in every Delphi Select search, this can also be a sector specific score if required. Experian’s new scorecard Delphi Generation 11 is their most advanced scorecard to date. Experian have undertaken significant analysis around the impact of COVID-19 on the Delphi score profile, exploring its accuracy and ability to withstand change, their analysis evidences that the score outperforms expectations and remains one of their strongest available indicator of risk. The score provides more granular data on the individual’s spend and payment history, allowing you to more accurately differentiate customers’ who have similar risk scores but very different recent credit behaviour.

Identity Authenticate

Correctly authenticate consumers

Authenticate combines three related elements, validation, verification and fraud alerts:

Validation
The process of establishing that there is sufficient supporting evidence to confirm that a person of the supplied name exists at the supplied address.

Verification
The process of establishing that the customer you are dealing with is the ‘owner’ of the valid identity references.

Fraud alerts
The process of supplementing the results of the above processes with checks on a number of additional ‘high risk’ data sources.

Identity Authenticate uses an electronic, risk-based approach to validate and verify the identity of your customers. Once the name and address details have been verified, further biographical details are captured on the applicant. These details are then validated against Experian’s data sources and supplemented with checks against a number of additional ‘high risk’ data sources. All the appropriate data is passed through a scorecard to generate an overall measure of the degree of confidence that may be placed in your customer’s identity. Adaptable controls and levels of verification allow you to meet your business requirements.

Experian Identity Verification

  • Delivers identity verification in real-time to speed up your customer onboarding process
  • Designed to support regulatory compliance
  • Confidence indicator to create a trusted relationship with genuine customers

Identity Authenticate will also highlight automatically at the point of application if the individual is a politically exposed person (PEPs) and/or has been sanctioned. Following the regulatory change as part of the Money Laundering Directive in 2018, lenders were required to update their AML strategy to include PEPs and Sanctions checks.

BWA (Bank Wizard Absolute)

Real-time verification

BWA is a real-time verification service that validates your customers against their bank account details (verifying sort code and account numbers).

Bank Wizard Absolute:

  • confirms the existence of the validated account
  • confirms the connection between the account and the customer
  • identifies payments that would fail due to account closure, non-existent account and deceased account holder

By comparing the personal and account data supplied by your customer with the account and account holder information held in Experian’s secure database, Bank Wizard Absolute verifies whether an account exists or not. BWA returns a score that shows the degree to which the entered data matches the bank data held. The actual bank data is never returned to the user.

Experian BWA

Affordability IQ

LendingMetrics supply Experian’s latest Generation 11.2 of Affordability IQ utilising CATO (Bank) Current Account Turnover data, providing more flexibility and control.

So, what’s new and what does it do:

  • Income estimates and summary turnover metrics - The provision of income estimates for multiple time periods (3, 6 or 12 months) along with multiple account turnover category information. You can choose which category you wish to receive, therefore allowing flexibility in income verification strategies and enabling better lending decisions. Verifies approximately 80% of supplied incomes.
  • Income shock metrics - A series of red/amber/green indicators intended to highlight when current account turnover drops below your defined thresholds. This data can be used to assess whether or not there has been any significant drop in an individual’s income over the last 3 months.
  • Income stability metric - A series of red/amber/green indicators intended to highlight changes in current account turnover by comparing the medium turnover values over various time periods. There are separate metrics for identifying turnover increase and turnover decrease. You can use income stability metrics to help confirm your specified verification percentage when assessing an applicant’s income.
  • Source of income estimate - Provides you with information on the type of current account (and its turnover stability) that has been used to estimate income. This provides you with greater transparency and data granularity regarding the income source and it provides greater confidence in the calculated incomes that you are looking to verify against supplied income.

Detect

Integrated Fraud Protection

Detect is for organisations who want an integrated a fraud detection process.

Key features:

  • Review and screens credit applications against multiple data sources to highlight anomalies
  • Real-time checks that do not lengthen or disrupt the customer journey
  • Improved visibility of fraud, allowing you to identify suspicious activity which may not be visible during a standard credit check

Detect checks against over 100 million records at the point that a customer completes an application online. Where suspicious indicators are found, applications are highlighted so that further investigation and action can be taken. Detect aim to help to reduce the impact that fraud has on your business and ensures genuine applications can be processed as quickly as possible.

Experian Fraud Detection