What is Elevate? Elevate Review, Features

Elevate (formerly Recombrands) services are built on a heritage of data and innovation and a client-first approach, focused on delivering solutions for non-prime clients.

Products and Services

1. Credit score

• Customized for customer segments/channels.
• 12th generation scoring model.
• More than 10,000 data inputs were fed into the model.
• Traditional and machine learning techniques.

2. Fraud rating

• Target unique fraud types.
• More than 2,000 data inputs to the fraud model.
• Machine learning and alternative data.

3. Affordability Assessment

• Every product is unique.
• Multiple approaches (including debt-to-income, income-to-pay, and full budgeting).

4. Instant decision making and route quotations

• Over 95% of loan applications are fully automated.
• Amount based on direct credit and affordability tests.
• Determine credit in seconds.

5. Fraud and Verification

• Algorithm verification.
• Fuzzy matching,cross-transaction fraud detection.
• Pattern matching and link analysis.

Advantages

• Financial literacy

Elevate is dedicated to providing students and community members with the financial knowledge and skills to make informed, lifelong financial decisions.

• Health and Wellness

Elevate provides resources and support in the community to ensure everyone has the healthy and fit foundation to thrive.

• Volunteering

Elevate provides 16 hours of volunteer time per year to all full-time employees so they can volunteer in their communities. Employees are encouraged to use their time with organizations that promote education, financial literacy, or health and wellness.

• Diversity and Inclusion

Elevate has a multicultural network that supports all employees from all backgrounds. The Mosaic Employee Resource Group hosts Elevate’s Women in Technology Forum, LGBTQ Employee Resource Group, Women in Technology Employee Resource Group, and Salute Military Employee Resource Group. Mosaic also hosts dozens of employee events and listening sessions each year, including Diwali celebrations, Black History Month, and Hispanic Heritage Month.