Equifax can help you identify at-risk customers to help reduce churn
Economic indicators like fluctuating interest rates and market unpredictability are some key concerns for consumers who are looking to renew or refinance their mortgage. As a lender, you need insights into consumer behaviour to be help you identify clients at risk of churn and to develop and prioritize renewal efforts.
Proactively work to retain mortgage customersMortgage Attrition Predictor uses advanced modeling techniques and credit data to determine customers switching behaviour. Our solution provides a score range between 1-1,000 to help lenders identify attrition and areas of risk within clients’ existing mortgage portfolios. This predictive scoring provides lenders with key insights (i.e. which clients are most likely to switch, and changes within the market), to help protect expected revenue.
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Contact us to learn how Mortgage Attrition Predictor can help improve your mortgage retention rates.