Does Carrington Labs replace our existing lending systems?
No. Carrington Labs is designed to fit alongside your existing underwriting, decisioning, offer-setting, and servicing workflows. It adds a credit risk analytics layer rather than replacing your core systems or policy framework.
What solutions does Carrington Labs offer?
Carrington Labs offers five core solutions: Cashflow Score, Credit Risk Model, Credit Offer Engine, Financial Health Summary, and Cashflow Servicing. Together, they support underwriting, loan and limit sizing, post-origination monitoring, and early warning risk management across the borrower lifecycle.
Does Carrington Labs make lending decisions?
No. Carrington Labs provides analytics outputs that support lender judgment. You retain control over policy, decisioning, cutoffs, and workflow execution.
Can we start with one solution and expand later?
Yes. Carrington Labs is modular by design, so lenders can start with one use case, such as underwriting, offer optimization, or monitoring, and expand over time as needed.
What data does Carrington Labs use?
Carrington Labs works with a range of diverse data sources, including customer-permissioned transaction data (open banking where available). For some tailored models, lender context can also be added to align outputs to your products, definitions, and strategy.
Is Carrington Labs only for underwriting?
No. Carrington Labs supports lending decisions across the borrower lifecycle, including underwriting, limit and pricing strategy, post-origination monitoring, and early warning risk detection.
How quickly can we get started?
Timing depends on data readiness and workflow mapping, but generally Carrington Labs can pilot a tailored credit risk model in days and onboard a lender in weeks.
