Method and Systems for Enhancing Modeling for Credit Risk Scores
AssigneeVantageScore Solutions, LLC
InventorsNicholas Andrew Rose, Andrada Ioana Pacheco
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Abstract
The system and method of the present invention expand/enhance modeling for credit risks scores. The expanded modeling system and methods discussed herein identify new credit risk related attributes using limited and/or unconventional credit data. In an aspect, the system and method enhance performance definitions to capture incremental insight, expanding the applicable consumer segments previously inaccessible.
Claims23
A computer-implemented method for enhancing modeling for credit risk scores, comprising:
- identifying and selecting an enhanced performance definition that aligns with a standard performance definition associated with a pool of consumers, such that there is an expanded pool of consumers associated with the enhanced performance definition;
- generating risk nodes based on combinations of ranges of data, from the expanded pool of consumers;
- identifying higher value nodes of the generated risk nodes;
- converting the identified higher value nodes to attributes;
- and
- generating a standard scorecard based on the converted attributes.
A system for enhancing modeling for credit risk scores, comprising:
- a memory for storing a standard performance definition associated with a pool of consumers;
- and
- a processor for performing the steps of:
- identifying and selecting an enhanced performance definition that aligns with the standard performance definition, such that there is an expanded pool of consumers associated with the enhanced performance definition;
- generating risk nodes based on combinations of ranges of data, from the expanded pool of consumers;
- identifying higher value nodes of the generated risk nodes;
- converting the identified higher value nodes to attributes;
- and
- generating a standard scorecard based on the converted attributes.
A non-transitory computer readable medium with computer executable instructions embodied thereon for enhancing modeling for credit risk score, the computer executable instructions causing a computer to perform the process of:
- identifying and selecting an enhanced performance definition that aligns with a standard performance definition associated with a pool of consumers, such that there is an expanded pool of consumers associated with the enhanced performance definition;
- generating risk nodes based on combinations of ranges of data, from the expanded pool of consumers;
- identifying higher value nodes of the generated risk nodes;
- converting the identified higher value nodes to attributes;
- and
- generating a standard scorecard based on the converted attributes.
Dependencies are inferred from the claim text.