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PayNet & Mirador Announce Technology Integration

June 13, 2017, 07:09 AM
Filed Under: Industry News

PayNet and Mirador announce an advanced integration of technology services for a mutual bank customer. This enhancement provides access to new predictive data and risk management tools that improve credit decisions and operational efficiencies in the small business lending process.
In today’s data/analytics environment, businesses face significant challenges and require quick access to information and the most innovative tools to improve profitability and operations, mitigate risk, and lower costs.
“This latest integration allows our customer access to PayNet Credit History Reports, PayNet MasterScore® v2, Legal Name, and other products directly from the Mirador platform,” states Paul Tennola, Chief Financial Officer, PayNet, Inc.
“Mirador is dedicated to creating more efficient and engaging borrower/lender relationships. This integration with PayNet is another way for us to support our lenders in leveraging technology to create greater efficiencies and profitability with their small business lending relationships,” notes Trevor Dryer, Chief Executive Officer & Co-Founder, Mirador.

PayNet, Inc. is the leading provider of credit assessments on small businesses enabling lenders to achieve optimal risk management, growth and operational efficiencies. PayNet maintains the largest proprietary database of small business loans, leases and lines of credit encompassing over 23 Million contracts worth over $1.4 Trillion. Using state-of-the-art analytics, PayNet converts raw data into real-time marketing intelligence and predictive information that subscribing lenders use to make informed small business financial decisions and improve their business strategy.

Mirador is the leading front-end small business lending platform supporting established lenders with borrower acquisition, digital application, decisioning and borrower communication. Mirador leverages a streamlined, delightful user experience to create profitability and efficiencies in the lending process, giving traditional lenders the edge they need to compete. Through the implementation of Mirador’s platform, lenders have seen an increase in efficiency in the small business lending process, supporting greater profitability in the small business lending business unit. Mirador supports small business lending products including term loans, collateralized loans, SBA guaranteed loans, commercial real estate and quick decision or docless loans, from $1k-$20M+.

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