Skip to main content

Matched Monitoring

The Problem​

The Challenge

Lenders lack clear, ongoing indicators of:
1️⃣ Whether borrowers are obtaining new credit post-origination.
2️⃣ How borrowers are performing on their new credit obligations.

Consumer Underwriting​

Key Events​

1️⃣ First Loan Application

  • Provider: Speedy Dough Inc.
  • Status: Approved and funded.

2️⃣ Ongoing Monitoring Initiated

  • Speedy Dough opts for KlearLink monitoring for new customers.

3️⃣ New Credit Obtained

  • Timeline: One week post-origination.
  • Provider: EZ-Monee.

4️⃣ Compliance Update

  • Speedy Dough Loan: Borrower remains compliant.
  • EZ-Monee Loan: Borrower flagged as non-compliant.

​

Solution​

Continuous Loan Performance Monitoring

💡 Speedy Dough Inc uses Clearwatch to:

  • Monitor borrowers’ loan performance over time.
  • Stay updated on borrowers’ new credit obligations and compliance status.

The Outcome​

Proactive Decision-Making

✔️ Speedy Dough Inc can:

  1. Ingest Monitoring Data:
    • Borrower payment performance from other lenders.
  2. Make Data-Driven Decisions:
    • Determine whether to extend credit for the next payday cycle.

Result:​

  • 📈 Improved loan portfolio performance.
  • 🔍 Enhanced risk management.
  • ✅ Increased operational efficiency.