REDWOOD CITY, Calif., Oct. 23, 2018 /PRNewswire/ -- Envestnet | Yodlee (NYSE: ENV), a leading data aggregation and data analytics
platform powering dynamic, cloud-based innovation for digital financial services, today announced Envestnet | Yodlee Risk Insight for Pre-Qualification reports. For lenders and lead generators who want more
robust information to pre-qualify a consumer before engaging in full underwriting, Envestnet | Yodlee Risk Insight for
Pre-Qualification infuses data into the lead qualification process, which enables lenders to target the right product to the
right customer at the right time.
Lenders looking to generate organic growth must acquire new consumers outside of their existing customer base. Yet, marketing
to new leads can be challenging due to the high cost and lack of data. Without knowing something about the individual, lenders
often struggle to confirm a consumer's financial condition. Even with a full credit bureau report, it can be impossible to
determine if consumers have the ability and intention to pay back a loan. Envestnet | Yodlee Risk Insight for Pre-Qualification
Reports fill this gap.
Envestnet | Yodlee Risk Insight for Pre-Qualification addresses the important early stage in the verification process by
providing reports on whether a lead meets the basic criteria for a loan. Lenders can select up to 25 customized attributes from
the Envestnet | Yodlee Risk Insight Solutions catalog, including income, asset, and expense data, to arrive at a
meets/doesn't meet decision for leads. By redirecting inappropriate targets early on, lenders save on unnecessary costs for
traditional credit reports and authentication products required during the origination process.
"Envestnet | Yodlee Risk Insight for Pre-Qualification provides a highly cost-effective, simplified report to help lenders
make more targeted offers and control risk at the lead level," stated Mike Burger, VP, Product
Management, Envestnet | Yodlee.
About Envestnet
Envestnet, Inc. (NYSE: ENV) is a leading provider of intelligent systems for wealth management and financial wellness.
Envestnet's unified technology enhances advisor productivity and strengthens the wealth management process. Envestnet empowers
enterprises and advisors to more fully understand their clients and deliver better outcomes.
Envestnet enables financial advisors to better manage client outcomes and strengthen their practices. Institutional-quality
research and advanced portfolio solutions are provided through Envestnet | PMC, our Portfolio Management Consultants group.
Envestnet | Yodlee is a leading data aggregation and data analytics platform powering dynamic, cloud-based innovation for digital
financial services. Envestnet | Tamarac provides leading rebalancing, reporting, and practice management software for advisors.
Envestnet | Retirement Solutions provides retirement advisors with an integrated platform that combines leading practice
management technology, research and due diligence, data aggregation, compliance tools, fiduciary solutions and intelligent
managed account solutions.
More than 88,000 advisors and more than 3,500 companies including: 15 of the 20 largest U.S. banks, 43 of the 50 largest
wealth management and brokerage firms, over 500 of the largest Registered Investment Advisers, and hundreds of Internet services
companies, leverage Envestnet technology and services. Envestnet solutions enhance knowledge of the client, accelerate client
on-boarding, improve client digital experiences, and help drive better outcomes for enterprises, advisors, and their clients.
For more information on Envestnet, please visit www.envestnet.com and follow @ENVintel.
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