Global Debt Registry Partners With TransUnion For Platform Expansion

Mar 27 2017 | 4:58pm ET

Fresh on the heels of its Avant partnership announced last week, loan data specialist Global Debt Registry (GDR) has announced a new partnership with credit information provider TransUnion that will see their data integrated into GDR's loan validation tools. 

Embedded within GDR’s eValidation toolset, TransUnion data will give investors access to a broad suite of robust data inventory that will ensure in-depth validation of online lending portfolios, helping minimize risk exposures and protecting confidential consumer data. 

“Confidence in the online lending ecosystem is a crucial element to enable continued growth in the industry and attract more permanent capital” said Charlie Moore, president of GDR. “GDR is pleased to be working with TransUnion, a leader in the credit data space. Their data allows our investors to gain more confidence in the underlying assets through verification, validation, and enhanced credit risk tools.”

In addition to in-depth validation, originating creditors are able to leverage an independent third-party service made possible by GDR’s use of TransUnion data to validate certain account data on loans provided to them by online lending platforms. Similarly, warehouse lenders have greater and much needed transparency into these pledged assets and can do so within the current FCRA/GLBA regulatory framework. 

Backed by a $5 billion private equity firm and led by a team of senior executives from Thomson Reuters, Bank of America, and Barclays, Delaware-based GDR utilizes cutting-edge technology to provide independent asset certainty and validation services across entire portfolios of loans in real time. The company’s asset certainty tools require no technology investment, using existing data structures and processes to streamline the flow of information from the lender to the investor. GDR was the subject of a FINtech Focus article on FINalternatives last year. 

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