In a move to encourage transparency, Veda Advantage is making the credit scoring process public.
Australian consumers can now see details of their loan applications, including reasons for rejection. This move gives finance brokers invaluable information – such as credit scoring, in assessing their clients in directing them to the appropriate lender.
This move has been widely received as it not only encourages transparency, but it also promotes having a streamlined process across banks for home loan applications.
You can read more about this on The Adviser website.
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