Operate with vigilance geared for today’s environment
Government lending agencies have not been immune to the risk and losses hitting all financial services sectors. Like their counterparts, what’s most problematic right now is uncertainty. Will conditions improve? And if not, what can we do right now to accurately assess risk?
That’s the business we’ve been in for over 50 years. Our analytic technology helps government lenders predict customer and business risk—and many other attributes—so they can venture out into markets and lend confidently to their constituencies. For government commercial and consumer lenders who are want to explore mechanisms to expand lending right now, FICO has a variety of solutions.
We have risk prediction technology that you can apply in originating applicants and in managing your customer accounts—compliantly working within new regulations. FICO risk reduction solutions help you measure capacity for new credit, find and lend to new customers and better serve your best accounts. Given new restrictions on rate increases and fees, FICO risk reduction solutions can serve as an important component of your line increase programs. You can also apply our solutions to reduce charge-off losses with earlier detection of pre-delinquent account behavior. Across all of these activities, you can also accurately assess reserve requirements to meet BASEL II certifications.
Overall, with our risk technology, we help you develop healthy, valuable portfolios.
With FICO’s risk reduction solution you can:
- Execute accurate origination decisions by using the latest industry-standard credit scores and other analytics to assess individuals’ and businesses’ credit risk.
- Assign the right product parameters upon loan approval—to work around regulatory constraints on modifications—by optimizing product/applicant matching in your decision process.
- Sharpen your credit line assignments and increase programs by examining customers’ ability to pay, credit risk behavior, and activity on all accounts.
- Identify pre-delinquent behaviors early and change treatment strategies accordingly with tools that scrutinize repayment trends and obligations outside of the issuer’s realm.
- Prioritize collection actions with advanced automated platforms to reduce losses and charge offs by helping customers most likely to cure first.
- Determine appropriate reserve levels to improve capital position with more precise risk projection tools.
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