Methods and systems of identifying, processing and credit evaluating low-moderate income populations and reject inferencing of credit applicants

A system for identifying a low-moderate income applicant for credit, comprising:

• means for receiving residence information for at least one credit applicant by a financial institution;
• means for ascertaining a median income for a predefined geographic functional area and a median income for a predefined statistical subdivision within the predefined geographic functional area that correspond to the residence information for the applicant;
• means for classifying the applicant as low-moderate income if the applicant's income is unknown and the median income for the statistical subdivision does not exceed a first predefined percentage of the median income for the geographic functional area;
• and
• means for classifying the applicant as low-moderate income if the applicant's income is known and does not exceed a second predefined percentage of the median income for the geographic functional area.

A method of deriving an inference of at least one credit characteristic of a low-moderate income applicant, comprising:

• providing a credit bureau with an identifier via a third party service provider for at least one previously rejected low-moderate income applicant of the financial institution for a predefined period of time when the applicant was rejected;
• identifying first archived credit bureau information for the nearest point in time to the predefined period of time when the previously rejected low-moderate income applicant was rejected;
• identifying second archived credit bureau information relative to a profile of the credit performance of the previously rejected low-moderate income applicant with another creditor;
• returning the first and second archived credit bureau information to the financial institution via the third party service provider with the identifier removed for anonymity of the previously rejected low-moderate income applicant;
• empirically determining from the anonymized first and second archived credit bureau information whether the previously rejected low-moderate income applicant subsequently maintained good credit with the other creditor;
• deriving an inference of at least one credit characteristic of the low-moderate income applicant from the empirical determination.