US 2015/0032598 A1Published application

System and method for generating a natural hazard credit model

AssigneeCoreLogic Solutions, LLC

InventorsMark M. FLEMING, Kathryn DOBBYN

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Abstract

Embodiments include systems and methods of detecting and assessing multiple types of risks related to mortgage lending. One embodiment includes a system and method of detecting and assessing risks including early payment default risks, and natural hazards risks on loan applications. One embodiment includes a computerized method that includes creating a combined risk detection model based on a default and natural hazards risk detection models and using the combined risk detection model to evaluate loan application data and generate a combined risk score that takes into account the different types of risks individually and collectively detected by the plurality of risk detection models.

Claims20

Dependent claims

A system for detecting and assessing lending risks, the system comprising:

a computer system comprising one or more computing devices, the computer system programmed, via executable code modules, to implement:
a combined risk detection model for detecting and assessing data indicative of a plurality of risks in loan data, the combined risk detection model adapted to receive as input a plurality of input features extracted from two or more of a plurality of risk detection models, the plurality of risk detection models comprising:
a default risk model that detects the presence of data indicative of a risk of early payment default in the loan data, and
a natural hazard risk model that detects the presence of data indicative of a risk of a natural hazard in the loan data,
wherein the plurality of input features are extracted from the two or more risk detection models by mathematically combining scores from the plurality of risk detection models for input into the combined risk detection model, the plurality of input features being selected as based at least in part on a selection of a modeling method used to construct the combined risk detection model;
and
a score reporting module that reports a composite risk score generated by the combined risk detection model.

4 more elements

Dependencies are inferred from the claim text.

Facts

Application: 14/341,160Filed 25 Jul 2014
Priority: 26 Jul 2013
Published: 29 Jan 2015
Term ends: Not estimatedThe source records don’t support an estimate.

Classification2 codes

G06Q 40/03
Finance; Insurance; Tax strategies; Processing of corporate or income taxes: credit; Loans; Processing thereof
G06Q
Information and communication technology [ict] specially adapted for administrative, commercial, financial, managerial

Family

Application61/858,788Us provisional application · filed 26 Jul 2013
US 2015/0032598 A1This patent

From the US filing history. Foreign family members aren’t listed.

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