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Cash flow underwriting has been “the next big thing” in lending for several years now. And while several lenders are using it as part of their underwriting, it has not become a mainstream tool. This could now change as Plaid is expanding its product suite with the launch of a new credit report that gives lenders insights into consumer cash flows.
“That’s not a small population, a lender’s set of marginal declines,” said Gurwitz. “Even in certain situations, marginal approvals, where you feel like you don’t have a competitive rate to offer that customer, giving them the ability to link their account and improve their offer. That’s a pretty broad population overall, and I think there can be real impact here.”
https://www.fintechnexus.com/plaid-launches-new-product-cash-flow-underwriting-mainstream/
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