Features
Buy Now Pay Later to be included on credit reports
Buy Now Pay Later is to be included on credit reports. Buy Now Pay Later (BNPL) has been booming. In the run up to Christmas 2021, 17m people were using this form of credit. One of the key players, Klarna, saw its customer base double to 15m since the start of the pandemic. It’s a…
Read MoreNew 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 be driving a credit score down,…
Read MoreNew feature: Supersearch
NestEgg’s Decision Engine now searches for hidden addresses. Retrieving six years of addresses, these are automatically used for instant lending decisions. Supersearch provides up to four addresses. And this is at no extra cost. Saving time for applicants and Loans Officers alike Supersearch improves the ‘customer journey.’ Minimising the number of addresses an applicant needs…
Read MoreNEW FEATURE: Pinpoint repayment problems instantly
New feature: Display and organise credit accounts according to their status: Active, paid, missed payments and defaults. Benefits: Faster assessment of repayment problems. Easy to identify trends. Credit reports take a long time to read. Lots of different creditors displayed in no particular order. Reading pages of digits to figure out if credit agreements are up…
Read MoreNew! Identity & Bank Account Owner Checks
The days when you had to pay to upgrade your software are on their way out. NestEgg’s Decision Engine is Software as a Service (SaaS). One of the many benefits of SaaS for users is that you can expect to see new features materialise from time to time as a result of new innovations and…
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