Digital Matrix Systems, Inc. (DMS), today announced that RateGenius, Inc. (rateGenius) will continue to leverage DMS’ Data Access Point™ for credit bureau access, as well as DMS Summary Attributes™. Austin, Texas-based rateGenius is a nationwide, web-based vehicle refinance lending platform. With more than 150 lenders across the country, rateGenius can find customers the most competitive vehicle interest rate to refinance their cars, trucks, and SUVs.
Data Access Point™ is a cutting-edge connectivity hub that links clients to key data sources with a single inquiry and delivers the data within a standard XML format. This enterprise-level solution provides centralized access to data sources that are needed throughout the customer lifecycle. Credit reports are delivered via the easy-to-read DMS Credit Report Format, which reduces errors and improves readability of critical credit information. Connectivity to the credit bureaus via DMS reduces the need for companies to dedicate resource time and expense to keep up with ongoing credit bureau changes. By transferring that burden to DMS, rateGenius can focus on its core business.
In addition to Data Access Point™, rateGenius leverages DMS Summary Attributes™ to help match applicants to the best lender for them. DMS Summary Attributes™ consolidate credit information for easier analysis by application and decisioning platforms, turning redundant data into valuable information. Credit-based decisions can be made more consistently with attributes that are uniformly distilled from each of the major credit bureaus. DMS provides consistency of attributes over multiple bureaus and bureau versions, including online and archive delivery, without compromising processing speed.
“We have found significant benefit leveraging DMS for credit retrieval,” said Chris Brown, president and CEO of rateGenius. “We recognize the advantage of not having to code to the bureaus ourselves, and instead rely on DMS’ expertise in credit data management. The approach is working well and we are happy to continue to work with the DMS team.”
“We are pleased to extend our relationship with rateGenius and help support their continued growth,” said Mark Dreux, vice president of business development for DMS. “They are a well-respected leader in their space and we’re proud to have them as a client.”
Based in Austin, Texas, rateGenius is a nationwide, online auto loan refinance origination and marketplace platform. With more than 150 lenders across the country, rateGenius matches consumers with the most competitive interest rates to refinance their cars, trucks, and SUVs without charging any fees to the consumer. rateGenius facilitated over $1 Billion in auto loans in 2017 and looks forward to facilitating even more in 2018. For more information, visit www.rategenius.com.
About Digital Matrix Systems, Inc.
Founded in 1982, DMS is an international risk management solution provider that helps clients leverage the power of data to make better-informed business decisions. Through an integrated product suite, DMS delivers secure access to consumer and commercial credit bureaus, as well as specialty data providers. As a reliable partner, DMS helps leading companies predict and manage risk in a variety of industries, including financial services, insurance, and brokerage services. The company provides data warehousing, advanced analytics, scoring models, and comprehensive consulting services, delivering strategic solutions tailored to each client’s business goals. For more information, visit www.dms.net.