Kevin Clements is a visionary in the field of consumer data management, leading Experian’s Housing Origination team in launching Power Profile Plus, a groundbreaking product that revolutionized the mortgage industry. Introduced in January, this innovative solution broke company records with its swift adoption by the nation’s top mortgage lenders. His deep understanding of the industry’s needs, paired with his technological expertise, drove Experian to develop this product, which reduces costs for lenders while benefiting consumers — a win-win that aligns with Experian Housing’s mission to elevate the lending experience.
As the team lead, Clements spearheaded the creation of Power Profile Plus, a first-of-its-kind solution allowing lenders to access a full credit report via a soft inquiry during the initial mortgage application process. This approach gives lenders and borrowers time to align on terms without the pressure of external competition, streamlining the application process. For VA and FHA Streamline Refinance loans, Power Profile Plus allows the loan to close using only a soft inquiry, ensuring efficiency and reducing the need for hard credit pulls.
Clements’ leadership in overcoming development challenges and pushing the product forward showcases his dedication to innovation. Power Profile Plus is already making a significant impact, protecting borrower data, reducing marketing costs, and improving conversion rates for lenders. Clements’ work embodies Experian’s commitment to being the “Consumer’s Bureau,” driving the industry forward by creating solutions that benefit both lenders and consumers.
Name:
Kevin Clements
Title:
Vice President, Product Management, Experian Housing
Company Name:
Experian
