Equidata, Inc., a single-source provider of credit information services and solutions, has launched RateMatch® loan evaluation service, an online platform for consumers to secure cost-saving deals on loan financing with a local, community-based bank or credit union through affiliate web sites.
Through the company's subsidiary, Syphr, LLC, Equidata developed RateMatch as a value-add service for credit reporting affiliates to help them drive traffic, retain members, and generate revenue on their respective sites.
"Adding RateMatch to our credit information services is the perfect complementary piece that provides additional value to our affiliates," said Thomas Cucuel, President of Equidata. "Using this secure platform only adds value to the service our affiliates can provide to their respective members - which we believe provides for a unique online experience."
RateMatch's real-time, competitive network provides for loan payment savings scenarios and refinance offers that are consistent with a consumer's credit experience. RateMatch uses patent-pending technology to match consumers with participating credit unions and banks that can save them money.
"RateMatch does the heavy lifting for members that use our affiliated web sites so they don't have to shop rates or gather billing statements and can see how much they can potentially save based on their credit profile in real time," said Cucuel.
"We're very pleased with this launch," states Chris Langley, President of Syphr. "Not only does it provide a practical service for affiliates of Equidata to enhance their business, it extends the reach of our loan evaluation service."