Black Book Working with Equifax on Value Data for Lenders

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Black Book - October 7, 2014

Equifax will be pro­vid­ing auto lend­ing cus­tomers with an added ben­e­fit – direct access to Black Book vehi­cle val­ue data and loan-to-val­ue (LTV) mod­el data. Black Book says that by incor­po­rat­ing its data with dif­fer­en­ti­at­ed Equifax data, lenders can bet­ter eval­u­ate LTVs at orig­i­na­tion, migra­tion of LTVs, col­lat­er­al risk, and lay­ered risk. Using Equifax and Black Book data also gives lenders addi­tion­al tools to mon­i­tor evolv­ing LTV ratios over time.

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