Orchard Platform, Experian announce data collaboration

Online lending software and technology provider Orchard Platform today announced it is collaborating with Experian to provide institutional investors access to Experian’s depersonalized consumer credit data. Institutional clients can use that data to monitor borrower credit worthiness for loans in existing portfolios. Experian will also offer access to anonymized historical data set for those wishing enhanced credit modeling, analytics and reporting.

“Access to Experian’s depersonalized credit data adds immediate value to our clients, whether they are looking to buy, sell or hold loans,” Orchard’s chief commercial officer Bill Ullman said. “Typically, a borrower’s creditworthiness is captured for loans at a particular point in time — when the lender is making a decision. Experian makes it possible to monitor the anonymous credit data of borrowers, in an ongoing and privacy-friendly way. We are excited to work with Experian, the industry leader, to provide our clients with the data they need to make better-informed decisions when using Orchard’s analytics and transactional platform.”

“We’re pleased to be working with Orchard Platform to provide a powerful stream of insight through Experian’s unique data,” said Alex Lintner, president of Experian’s Consumer Information Services. “We are confident that our expertise, combined with the technological strength that Orchard Platform provides, will give institutional investors and loan originators access to previously unavailable credit data and empower them to make better investment decisions.