On 12 January 2022 at 10:30am, NestEgg is running a webinar to help you grow your loan book in 2022. With a line-up of expert speakers, participants will hear the latest thinking and debate strategies for growth. We’ll kick off by hearing from NestEgg about what the data is showing us in … Read More about Grow your loan book in 2022
Unlimited addresses for each credit decision
NestEgg's decision engine now offers unlimited addresses for each credit decision. On average a credit union borrower has moved twice during the last six years. Younger and lower income borrowers moved up to four times over the same period. Moving away from your credit history Importantly, credit … Read More about Unlimited addresses for each credit decision
New feature: credit score reasons
Credit score can be hard for borrowers to understand. And it’s a complex three-digit number that can also baffle loan officers. That’s why NestEgg is launching a new feature: credit score reasons. These are shown next to the credit score, in our decision engine. Explaining the factors that might … Read More about New feature: credit score reasons
International credit union day 2021
It’s International Credit Union Day. This year’s theme is building financial health for a brighter tomorrow. NestEgg’s reason for being is to help credit unions improve the financial wellbeing of their members. NestEgg does this in six ways. Fairer credit decisioning Financial exclusion … Read More about International credit union day 2021
Automated decisions you can trust
Getting automated decisions you can trust is a big challenge. If automated decisions are always subject to review, then cost savings aren’t being realised. Loans will take longer to turn around. Consequently, members become dissatisfied. Furthermore, automation needs to ensure applicants get a fair … Read More about Automated decisions you can trust
£100m of loan applications
In July NestEgg hit an important milestone. Our decision engine has reviewed more than £100m of loan applications. Representing just under 80,000 individual borrowers, 60,000 applicants were financially excluded. We estimate these borrowers saved £18m in excess interest that would have otherwise … Read More about £100m of loan applications