Moody’s Analytics, a subsidiary of Moody’s Corporation (NYSE:MCO), announced on Monday the launch of its new MARQ Portal. This tool automates the exchange of financial information between borrowers and lenders. It also generates the MARQ small business credit score.
Moody’s Analytics revealed that small Business can now instantly get their MARQ score and also gain insight into how banks view their creditworthiness. Each score is generated by the company’s RiskCalc models and banks are granted access to the MARQ score and underlying financial information through Moody’s Analytics’ cloud-based loan origination platform, Lending Cloud.
Sharing more details about the MARQ portal, Nancy Michael, Senior Director at Moody’s Analytics, stated:
“The difficulty of accessing small business financial information makes lending to this segment inefficient, inconsistent, and expensive. Our new MARQ portal and score will speed up the lending process by replacing weeks of back-and-forth emails and phone calls with the click of a button to instantly get financial and credit information to lenders.”
Steve Tulenko, Executive Director at Moody’s Analytics, then added:
“We believe the combination of the new MARQ tools with our Lending Cloud origination platform provides the best, most complete solution for small business lending on the market. We are working to help lenders make better decisions, much faster than they can today.”
Moody’s Analytics reported it helps capital markets and risk management professionals worldwide respond to an evolving marketplace with confidence. It also offers tools and best practices for measuring and managing risk through expertise and experience in credit analysis, economic research and financial risk management.
