- January 4, 2019
- Posted by: MaxDecision, Inc
- Category: Analytics, Credit Bureau, Credit Reporting, Metro 2
Plano, TX (Jan 4th, 2019) – For Immediate Release – MaxDecicisons Inc., is a leader in analytics and predictive modelling and performance marketing, today announced today that it has received Metro2 certification from CDIA (Consumer Data Industry Association). The combination of our analytics, portfolio management report and Metro2 Credit Reporting capabilities make it easier for lenders and financial institutions to report accurate representations of consumer payment behaviours to major credit bureaus.
“I am excited that our team has passed rigorous training and testing from CDIA to further assist our clients with confidence and accuracy needed when interacting with Consumer Credit Bureaus, ” said Timothy Li, CEO of MaxDecisions, Inc.
Lending is a highly regulated activity with regulatory oversights from the state, federal level. The often overlooked credit bureau reporting process is also regulated by Fair Credit Report Act – FCRA.
Lenders often need help interims of understanding it’s own data structure from industry standards Loan Mangement Systems as well as the data structure needed to report to credit bureaus in the Metro2 format.
MaxDecisions has developed algorithms and software to translate often difficult data structures into reportable Metro2 formats for all credit bureaus. We make this process painless and cost-effective.
About Consumer Data industry Association:
The Consumer Data Industry Association (CDIA) is the voice of the consumer reporting industry, representing consumer reporting agencies including the nationwide credit bureaus, regional and specialized credit bureaus, background check companies, and others. Founded in 1906, CDIA promotes the responsible use of consumer data to help consumers achieve their financial goals, and to help businesses, governments and volunteer organizations avoid fraud and manage risk. Through data and analytics, CDIA members empower economic opportunity, helping ensure fair and safe transactions for consumers, facilitating competition and expanding consumers’ access to financial and other products suited to their unique needs.
About MaxDecisions, Inc.
MaxDecisions Inc. is a leader in analytics, predictive modeling and scoring technology. Founded in 2016, the company has experience measured growth with the support of customers in the field of Retail Marketing, Lending, Insurance in addition to key distribution channels in the US and Internationally. MaxDecisions™ strives to be the most trusted analytical firm. Please visit us at www.maxdecision.com
For career opportunities, please visit www.maxdecision.com/maxdecisions-career/