TransUnion’s seven-year tradeline history of more than 200,000 consumers and other key lending metrics are now available through Prama, a suite of solutions released yesterday.
Vintage Analysis and Market Insights — the first two modules of the tool — allow customers to access interactive datasets from any device. Lenders can view charge-offs, origination cohorts, and other measurements by geography, by line of business, or by product.
“Lenders can also see how they measure up against their competition or in a particular state,” Paul Siegfried, a TransUnion senior vice president, told AFN. “Technology has never been faster and cheaper than it is today. Our lenders have a lot of data that can be difficult to access or read, so we want to take that data and make it into data assets.”
The next stage of Prama will soon allow lenders to upload their own data, which can be used to develop new strategies or alter an existing strategies.
