Equidata Inc. of Newport News, Va., said it is now offering the RateMatch loan evaluation service from New York CUSO Syphr LLC as part of its private-label online credit retrieval, monitoring and resolution services.
RateMatch compares the loans of thousands of credit report purchasers per month with those of participating financial institutions, shows the consumer how they can save money, then sends the consumer's information to the participating credit union or bank, the company said.
Equidata worked with Syphr in developing RateMatch as a value-add service for credit reporting affiliates to help them drive traffic, retain members, and generate revenue on their respective sites.
Thomas Cucuel, president of Equidata, said, "Using this secure platform adds value to the service our affiliates can provide to their respective members-which we believe provides for a unique online experience."
Chris Langley, president of Syphr and of the $55 million Eastern New York FCU in Ferndale, N.Y., added, "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."
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