COSTA MESA, Calif.,
June 28, 2016 /PRNewswire/
-- Experian®, a global information services
company, announced today that for the first time, Freddie Mac
investors will have the advantage of additional transparency in the
evaluation of investment decisions. Freddie Mac will leverage FICO®
Scores calculated from Experian consumer credit data for loan-level
disclosures to investors, providing the information needed to
better assess the value of Credit Risk Transfer securities.
"Experian is investing in products and services, including
trended data, for the mortgage finance system and we are very
pleased to be working closely with Freddie Mac, a pillar in the
mortgage community," said Michele
Raneri, Vice President of Analytics and Mortgage Business
Development at Experian. "Freddie Mac investors will now have
access to data that levels the playing field for the assessment of
investment instruments."
"The availability of loan-level data along with FICO Scores is
transformative for our investors," said Michael Reynolds, Vice President, Credit Risk
Transfers. "FICO Scores calculated from Experian consumer credit
data and other credit risk tools help our investors to assess the
value of securities while protecting the privacy of the underlying
borrowers, which is vital to our mission."
Experian is also investing in making trended data available for
the mortgage market. While this data is available as appended data
in a variety of its credit products today, Experian plans to make
this data available in real time November of this year.
About Experian
We are the leading global information services company,
providing data and analytical tools to our clients around the
world. We help businesses to manage credit risk, prevent fraud,
target marketing offers and automate decision making. We also help
people to check their credit report and credit score and protect
against identity theft. In 2015, we were named one of the
"World's Most Innovative Companies" by Forbes magazine.
We employ approximately 17,000 people in 37 countries and our
corporate headquarters are in Dublin,
Ireland, with operational headquarters in Nottingham, UK; California, US; and São Paulo, Brazil.
Experian plc is listed on the London Stock Exchange (EXPN) and
is a constituent of the FTSE 100 index. Total revenue for the year
ended March 31, 2016, was
US$4.6 billion.
To find out more about our company, please visit
http://www.experianplc.com or watch our documentary, "Inside
Experian."
Experian and the Experian marks used herein are trademarks or
registered trademarks of Experian Information Solutions, Inc. FICO
is a trademark or registered trademark of Fair Isaac
Corporation. Other product and company names mentioned herein
are the property of their respective owners.
Contact:
Susan Henson
Experian Public
Relations
1 714 830
5129
susan.henson@experian.com
@susanhenson27
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SOURCE Experian