This will help Credit.com offer a built-in loan matching experience that helps members find a loan personalized to their needs. The integration relies heavily on Even’s technology that leverages machine learning, big data and a network of financial products. The new marketplace is superior to Credit.com’s previous loan referral setup that would direct users to individual lenders’ websites. With the new approach, users can get approved in real-time without needing to leave the Credit.com site. The new loan marketplace will launch in the second quarter of this year.
In a statement, Credit.com GM Jason Owen expressed the superiority of the new loan marketplace when he said, “We expect this agreement will result in a more enjoyable user experience for our members as we aim to provide them with more variety, options, and significant user benefits.”
This isn’t the first time Credit.com has worked with Even– the two players have been partnered since 2016. And it likely won’t be the last time the two work together. In fact, Credit.com plans to extend the marketplace concept to other financial offerings, including mortgages, savings accounts, and insurance products.
If you’re a true Finovate veteran, you remember Credit.com’s Best of Show-winning demo at Finovate 2009, where the company launched the Credit Report Card. Credit.com was founded in 1995 and is headquartered in San Francisco, California.