Trust Science, an AI-backed credit–decisioning software provider, is hoping to partner with a dozen LOS vendors by yearend, according to Chief Executive Evan Chrapko.
“We were designed to play nice in the sandbox,” Chrapko said. “We’re marshalling in all kinds of data sources and data formats” so an LOS can be predictive and suggest a decisioning around how a loan should be structured, he said.
Currently, Trust Science partners with four LOS providers – Inovatec, AMS, Infinity and Vergent – and hopes to integrate with eight more by yearend.
Trust Science gathers and assembles alternative data taken from any form of public information about a borrower to create a fuller picture of a borrower’s ability to make loan payments. It takes the data and builds AI– and machine learning–based models for its clients, typically subprime lenders.
Chrapko said Trust Science will be targeting industry tradeshows focusing on LOS vendors, as well as learning–management system vendors.
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