Sallie Mae Selects Nova Credit’s Income Navigator for Income Verification

Nova Credit, a leading credit infrastructure and analytics company, announced that Sallie Mae® , the leader in private student lending, has selected the Nova Credit’s Income Navigator to support income verification as part of its private student loan underwriting process.

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Income Navigator enables lenders to quickly and accurately verify consumer income, providing a more complete picture of an applicant’s financial profile. Sallie Mae will leverage the solution to support its underwriting process and help responsibly provide access to education financing for students and families across the country.

“Partnering with Sallie Mae, the gold standard in private student lending, is a proud milestone for Nova Credit,” said Misha Esipov, CEO, Nova Credit. “Paying for college is one of the most consequential credit decisions a family can make, and getting it right requires putting forward a complete picture of their financial health. “Income Navigator will help make income verification faster and easier, improving the customer experience while supporting disciplined lending decisions grounded in verified borrower affordability.”

“As the market leader for private student lending, we’re investing in innovative and scalable solutions to help more students access and complete their higher education,” said Vikas Tyagi, Chief Credit Officer, Sallie Mae. “Income verification is a foundational element of responsible lending, and implementing Nova Credit’s infrastructure and analytics with Income Navigator will allow us to make informed decisions for our business and for the students and families we serve.”

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