NestEgg's decision engine provides an automatic alternative offer. Problem Sometimes a loan applicant applies for too much. But, given their credit profile, how much is the right amount? Working out an alternative offer is consuming. Checking lending policy to work out an acceptable amount … Read More about Featured feature: Automatic alternative offer
NestEgg decision engine hits £1/4bn of loans
This week NestEgg decision engine hits £1/4bn of loans assessed. The £250,000,000 represents 200,000 loans having been evaluated using the NestEgg decision engine. But it’s the successes behind the overall big number that really matter. For example, every month in the last year has seen record … Read More about NestEgg decision engine hits £1/4bn of loans
Loan decisioning in a cost-of-living crisis
The cost-of-living crisis is hitting borrowers across all income groups. Consequently, responsible lenders need to adjust their approach when assessing loan applications. According to the Resolution Foundation, the typical working-age household faces an income fall of 4% or £1,100 in 2022-23. … Read More about Loan decisioning in a cost-of-living crisis
New feature: compare default balances
NestEgg's decision engine now enables users to compare default balances. Defaults, especially recent ones, are a predictor of bad debt. But responsible lenders like to give the benefit of the doubt. A loan might be justified if there's evidence that an applicant is making an attempt to pay … Read More about New feature: compare default balances
New feature: applicant demographics
NestEgg’s decision engine now includes applicant demographics. Because most new borrowers join online, it’s harder than ever to get a full picture of an applicant. Furthermore, this problem is compounded when a lender is expanding into an unfamiliar area. As a result you don’t know much about the … Read More about New feature: applicant demographics
We’re hiring a Client Success Manager
NestEgg is hiring a Client Success Manager. The salary is £27,500 with a pension matched to 4% of gross salary. The role is 100% remote / home based. We are looking for a full time employee, but may consider fewer hours or a job share. About the role NestEgg software helps our responsible … Read More about We’re hiring a Client Success Manager