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Leveraging FICO’s pioneering work in credit risk analytics, FICO® Scoring consultants have the unique and deep expertise required to effectively evaluate the use of new analytics and data sources, understand credit portfolio dynamics and design optimal decision strategies.
A combination of analytic solutions and expert guidance, these added-value services focus on the lender’s specific goals and challenges for their market. Whether it is to expand the portfolio with new-to-credit populations, identify fraudulent applications or focus on specific lines of business, Scoring Services are available in any market where there are active and stable credit reporting data or new stores of alternative data to investigate.
Overcome the barriers to adopting a more current FICO® Scoring Solution
Whether challenging an in-house or legacy bureau score or benchmarking a new score to incorporate into your strategies, FICO can guide you to sound decisions throughout the process. The validations and implementation can be time consuming. FICO can help lenders to:
A global team of credit scoring and analytic experts partner with clients to enter new markets, evaluate new strategies and execute scoring models with new data sources. Whether your organization needs help with score validation and best practice implementation, establishing rating scale methods and alignment, or assessing credit capacity and growth opportunities across portfolios — FICO® Scoring Services has you covered.
FICO credit experts weigh the predictive improvement of the new Scoring Solution and potential financial impact within the context of your existing models and decision strategies. This helps to build the business case you need for adoption of the new analytic solutions by quantifying the financial impact of both the new score and existing strategy.
Providing deep analytics knowledge and broad experience of how to assess and evaluate scores.
Read this full report from Mercator Advisory Group covering the inception of ABS trading to the great recession to what’s on the horizon for the secondary market.
Generally available consumer credit scoring models can provide great value to lenders in evaluating the risk of loan applicants. These models are designed to distill the predictive power of a large number of consumer factors into a single, easily understood score. While the credit scoring models work well in estimating default likelihood over time, all models eventually may need to be evaluated to determine if an update to the existing model is needed, or whether the existing model should be replaced by a new credit score model. However, these evaluations can be challenging. For example, comparing the performance of the new credit scoring model to an existing model requires meticulous attention to detail as subtle statistical quirks can easily bias results.
Every day, new technology innovations are hatched in incubators, corporate research labs, universities and government institutions. But no matter where it originates, successful new technology follows a predictable evolution, migrating ove...
It’s estimated that 30 million people in the US alone have one or more debts in collections, and household debt is on the rise. Significant 90-day delinquencies come from credit cards, mortgages (plus associated lines of credit), student l...