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New Lender Support
A new specialist UK lending business was in the process of securing funding and needed support in developing the underwriting strategy and the associated funding covenants
The firm had limited credit risk knowledge and required external expertise to build a robust underwriting strategy that also satisfied the new funder
The Vestigo team discussed risk appetite and the target market with the lender, to ensure this was captured within the strategy
Using our extensive knowledge of credit bureau data from all three UK bureaus, Vestigo then developed an underwriting strategy that fit the lenders requirements
Vestigo was able to estimate the expected level of arrears and loss for various cut-offs, which fed into the covenant setting for the new funder
A final pack was presented including detailed information to assist the implementation of bureau rules
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