ThomasNet News Logo
Sign Up | Log In | ThomasNet Home | Promote Your Business

Monitoring Service keeps auto lenders abreast of loan changes.

Print | 
Email |  Comment   Share  
April 29, 2014 - Lender Triggers™ helps automotive lenders monitor changes in loan status regarding their portfolio, including whether vehicle has been refinanced, title loan has been added, or vehicle has been paid off. Actionable insights let automotive lenders make informed business decisions as well as evaluate portfolio makeup and perfect titles on their active book of business. Users can select frequency of monitoring, and client will be notified with details of change.

Experian Automotive Launches New Tool to Help Automotive Lenders Better Monitor Changes in Loan Status on Vehicles in their Portfolios

955 American Lane
Schaumburg, IL, 60173

Press release date: April 16, 2014

SCHAUMBURG, Ill. -- Experian Automotive today announced the newest addition to its suite of portfolio monitoring services, Lender Triggers((TM)). This new tool is designed to help automotive lenders better monitor changes in loan status on their portfolio, including whether a vehicle has been refinanced, a title loan has been added or a vehicle has been paid off. These actionable insights enable automotive lenders to make more educated business decisions, evaluate portfolio makeup and perfect titles on their active book of business.

"In today's automotive lending environment, it's imperative for finance companies to stay abreast of all changes that could impact their portfolio, whether it's a change to the vehicle or the consumer status," said Kevin Henahan, senior vice president of marketing for Experian Automotive. "By adding Lender Triggers to our full suite of portfolio monitoring services, we're able to provide automotive lenders with the tools and resources to identify changes in their portfolios across the entire life cycle."

Automotive lenders using the new triggers product can select the frequency of monitoring. When changes to the portfolio occur, Experian Automotive will notify the client the details of the change and when the change occurred.

Other triggering products in Experian's suite of portfolio monitoring services include:

--  AutoCheck Triggers(SM) -- a program designed to help automotive professionals identify changes to a vehicle's history that can impact its value, including reported accidents, title brands and failed emissions, among others.
--  Risk Triggers(SM) -- a notification service that can help financial institutions monitor and minimize the risks associated with high-risk accounts by alerting the company of accounts with new derogatory information, including recent bankruptcy, late payments, liens or judgments, collections, or changes in public records.
--  Retention Triggers(SM) -- a daily triggering service that alerts users when their customers are looking for new credit or have opened a new trade. It allows users to take immediate action to retain their most profitable customers.
--  Credit Limit, Utilization and Balance Triggers -- a value add to the Risk Triggers and Retention Triggers program that enables users to monitor customers' credit profiles for changes in credit limit, utilization and credit balance, ultimately allowing the user to improve risk strategies and gain more insight into key contributors that affect a consumer's credit score.

About Experian Automotive
Experian Automotive provides information services and market intelligence that enables results-driven professionals to gain the fullest possible understanding of the market, the vehicles and the people who buy them. Its North American Vehicle Database(SM) houses data on nearly 700 million vehicles and, when combined with Experian's credit, consumer and business information, provides an integrated perspective into the automotive marketplace. Experian Automotive's AutoCheck(®) vehicle history reports provide dealers and consumers with in-depth information, allowing them to confidently understand, compare and select the right vehicles. For more information on Experian Automotive and its suite of services, visit our Website at

About Experian
Experian(®) is the leading global information services company, providing data and analytical tools to clients around the world. The Group helps businesses to manage credit risk, prevent fraud, target marketing offers and automate decision making. Experian also helps individuals to check their credit report and credit score, and protect against identity theft.

Experian plc is listed on the London Stock Exchange (EXPN) and is a constituent of the FTSE 100 index. Total revenue for the year ended March 31, 2013, was US$4.7 billion. Experian employs approximately 17,000 people in 40 countries and has its corporate headquarters in Dublin, Ireland, with operational headquarters in Nottingham, UK; California, US; and Sao Paulo, Brazil.

For more information, visit

Experian and the Experian marks used herein are service marks or registered trademarks of Experian Information Solutions, Inc. Other product and company names mentioned herein are the property of their respective owners.

Roslyn Whitehurst
Experian Public Relations
1 714 830 5578
Twitter: @RozWhitehurst
Print | 
Email |  Comment   Share  
Contacts: View detailed contact information.


Post a comment about this story

(your e-mail address will not be posted)
Comment title:
To submit comment, enter the security code shown below and press 'Post Comment'.

 See related product stories
More .....
 See more product news in:
 More New Product News from this company:
Online BI Tool delivers insights into automotive market.
Collections Filtering Software aids regulatory compliance.
Utility Company Software analyzes low-income assistance eligibility.
Software detects frauds at point of entry.
More ....
| Featured Manufacturing Jobs
 Other News from this company:
Experian Marketing Services' ChoiceScore(SM) Now Available Through Preferred Provider Adrea Rubin Marketing to Life and Health Insurance Vertical
SearchAmerica® Launches Data Breach Advance Response(TM) to Address Rising Number of Medical Data Breaches
National Insurance Crime Bureau Teams with Experian Automotive to Fight VIN Cloning
Partnership with GE Money Takes Strategy Management from Experian-Scorex into China
Experian Announces Six New Solutions for Marketers
More ....
 Tools for you
Watch Company 
View Company Profile
More news from this company
E-mail this story to a friend
Save Story
Search for suppliers of
Decision Support Software
Financial Software
Banking Software
Join the forum discussion at:
Engineers Lounge

Home  |  My ThomasNet News®  |  Industry Market Trends®  |  Submit Release  |  Advertise  |  Contact News  |  About Us
Brought to you by        Browse ThomasNet Directory

Copyright © 2014 Thomas Publishing Company. All Rights Reserved.
Terms of Use - Privacy Policy

Error close

Please enter a valid email address