FICO® Predictive Models for Origination Frequently Asked Questions

With analytics, you can consider a wide range of risk and revenue factors to consistently make smarter origination decisions, reach high application processing speeds and improve operational efficiencies. FICO helps you attain the best predictive scores/models for your business needs — whether you are new to scoring or have an experienced in-house analytics team. We offer empirically derived custom models tailored to your portfolio, expert models that require no historical data and reduce time to market, and pooled models developed on data from several financial institutions. But what exactly are custom models, expert models and pooled models? How do they differ and what is the effort needed to put them into action?

This document will explain these predictive model types, what is needed to develop and deploy expert and custom models, and which model type is the best fit for your business.