Friday, March 5, 2021

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Heritage: Teams with Experian to improve loans process for borrowers

  • Heritage Bank announced a partnership with global information services company Experian to introduce a new loans origination platform
  • Loan applicants enjoy a much faster and simpler experience thanks to the new platform
  • The platform cut the average time needed to load, process, and assess a standard application
  • Heritage and Experian work closely together over the next 12 months to roll-out the platform used for both home loans and personal loans
  • The platform incorporates a new credit decisioning solution, cut down the assessment timeframes through auto-approvals for eligible loans
  • The first phase of implementation gives individuals information on their borrowing capacity in as little as 10 minutes

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