New York, Nov. 01, 2018 (GLOBE NEWSWIRE) -- PeerIQ, the leading provider of risk analytics for consumer credit, today announced that Liberty Lending, a leading online platform that provides innovative borrowing solutions to deserving consumers, has entered into an agreement to license two PeerIQ products: Consumer Credit Suite and Analytics Platform.
“At Liberty Lending, we were looking for analytical tools that drive business insights and improvements within our loan portfolio,” said Walt Ramsey, Chief Executive Officer, Liberty Lending. “Our partnership with PeerIQ supports this goal by giving us access to high-quality TransUnion market data and powerful analytical tools to drive actionable insight.”
The Consumer Credit Suite, based on two credit cycles of loan-level and borrower-level credit bureau data, allows Liberty Lending to benchmark loan pricing and performance against a tailored market benchmark. Risk managers can generate insights across any consumer credit asset class and a wide range of stratifications and metrics of interest including loan term, credit score, vintage, and geography.
PeerIQ integrated with Liberty’s system of record to deliver a single consistent view of the loan book for the risk, finance, and marketing teams. Liberty Lending is now able to quickly and easily assess portfolio composition, underwriting trends, and performance across key dimensions including losses, pre-pays, and returns.
“Consumer credit behavior is more dynamic than ever,” said Ram Ahluwalia, CEO of PeerIQ. “Lenders like Liberty Lending that can generate insights to improve pricing and risk management have a distinct competitive advantage.”
About Liberty Lending
Liberty Lending, LLC, headquartered in New York, is a financial services company focused on the online lending industry. Its mission is to provide innovative borrowing solutions to deserving customers. For more information on Liberty Lending, visit www.libertylending.com.
About PeerIQ
PeerIQ is a software-as-a-service risk analytics company that offers transparency and analytics so parties can transact with confidence. Aggregating and validating data from numerous sources, PeerIQ offers intuitive cash flow analytics, portfolio management tools, and reporting services. PeerIQ simplifies workflows across consumer credit – from origination to capital markets. More information is available at www.peeriq.com.