Experian Express Gives Small Lenders a Self-Service Onboarding Platform

International data and technology company Experian introduced its Experian Express solution this week.

The new offering is a self-service platform that enables credit unions, community banks, and smaller lenders to digitally credential, onboard, and pull credit reports quickly and efficiently via a 100% online process.

Experian Express provides data on more than 245 million credit-active consumers, ensures 99.9% data freshness in North America, and offers understandable, human-readable reports.

Writing about the new offering on the Experian blog, Nathalie Stecko, Marketing Program Manager for the company’s commercial solutions, highlighted the challenges faced by smaller lenders when it comes to securing reliable credit-reporting solutions. “Many available options frequently require technical integration, such as full Application Programming Interface (API) implementation or enterprise-level approvals, creating barriers that small lenders cannot easily overcome,” Stecko explained. “Minimum volume requirements further intensify the challenge, forcing smaller creditors to pay disproportionately high costs for the limited number of reports they need.”