Equidata Adds Loan Evaluation
Credit information services and solutions provider Equidata Inc. of Newport News, Va., said it is now offering the RateMatch loan-evaluation service from New York CUSO Syphr LLC.
RateMatch compares the loans of thousands of credit report purchasers per month with those of participating financial institutions, shows the consumer how they can save money, then sends the consumer's information to the participating credit union or bank, the company said.
Equidata worked with Syphr in developing RateMatch as a value-add service for credit reporting affiliates to help them drive traffic, retain members, and generate revenue on their respective sites.
"Adding RateMatch to our credit information services is the perfect complementary piece that provides additional value to our affiliates," said Thomas Cucuel, president of Equidata, a provider of private-?labeled online credit retrieval, monitoring and resolution services. "Using this secure platform added value to the service our affiliates can provide to their respective members-which we believe provides for a unique online experience."
"We're very pleased with this launch," said Chris Langley, president of Syphr and of the $55 million Eastern New York FCU in Ferndale, N.Y. "Not only does it provide a practical service for affiliates of Equidata to enhance their business, it extends the reach of our loan evaluation service."