Banking & Finance  October 17, 2018

Factual Data integrates with Teslar

LOVELAND — Factual Data, the Loveland-based company that operates under the umbrella of FD Holdings LLC of Columbus, Ohio, has integrated with Teslar by 3E.

Factual Data provides credit and data-verification services to lenders nationwide. Teslar, of Springdale, Ark.,  is a portfolio-management system that automates loan and deposit processes. The integration will make Factual Data’s reports accessible to lenders using Teslar’s loan-tracking capabilities.

Teslar works by importing borrower liability information directly from a credit report and populating it into relevant loan fields. The system pulls an enhanced PDF of the credit report and stores it as a quick link for download.

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“This collaboration combines Factual Data’s tier one credit reporting capabilities with the power of Teslar’s aggregation and automation abilities,” Factual Data president Jay Giesen said in a press release. “It’s a combination that makes perfect sense for lenders seeking greater scale and efficiencies from their business solutions.”

“Too many institutions are dealing with disjointed systems, inefficient processes and outdated technology,” said Teslar founder and CEO Joe Ehrhardt. “At the same time, they are looking for trusted credit data and access to it. This collaboration accomplishes the multi-tiered needs of our clients, regardless of their size.”

LOVELAND — Factual Data, the Loveland-based company that operates under the umbrella of FD Holdings LLC of Columbus, Ohio, has integrated with Teslar by 3E.

Factual Data provides credit and data-verification services to lenders nationwide. Teslar, of Springdale, Ark.,  is a portfolio-management system that automates loan and deposit processes. The integration will make Factual Data’s reports accessible to lenders using Teslar’s loan-tracking capabilities.

Teslar works by importing borrower liability information directly from a credit report and populating it into relevant loan fields. The system pulls an enhanced PDF of the credit…

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