These lenders typically use one of three models: a balance sheet model with a risk algorithm that
includes nontraditional data; a «lender - agnostic» marketplace model that connects you with a variety of lenders; or a peer - to - peer funding platform.
Not exact matches
According to the most recent estimates, as much as 40 % of the US workforce engages in a variety of
nontraditional employment arrangements,
including part - time and independent contractor work, and employers are now able to access this labor in diverse fields, such as journalism,
data analytics and even investment banking.
Earnest contends that it is able to offer low interest rates on student loan refinancing because it uses
nontraditional data to underwrite loans
including savings patterns, investments, and career trajectory.