lender solutions
Advanced Credit Scoring Models
TruDecision's analytic team has decades of experience building and deploying credit scoring models while managing multi-billion dollar lending platforms. There are many fine analytic vendors, however very few have ever had to live with the results of their own models across volatile credit cycles as a lender - we have.
Our team can rapidly customize highly sophisticated models, help you integrate them into your existing program and guide you on maximizing yield and volume.
Key benefits include:
- Ongoing model stability tracking
- Customizable reporting
- Profitability dashboard (depending on LOS integration)
- Archives of millions of consumer loan transactions and performance across numerous credit cycles to augment your own data
- Guidance on the impact of the changing environment to credit performance
- Tools to drive improved closure rates
Collections Optimization Models
Typically, two-thirds of a lender's operating expense is dedicated to the servicing function. It is common for lenders to spend up to forty percent more than they need to because they are not deploying optimization tools.
By integrating well-built prioritization models, lenders can collect far more with fewer resources. In the hands of a seasoned collections leader, they can dramatically reduce roll rate and drive more dollars inbound.
Key benefits include:
- Target high-risk consumers earlier in the month, providing more time to cure the account
- Load balance team members based on experience, putting the most seasoned collectors on the more difficult accounts
- Offset the pressure of seasonal staffing issues by collecting more with less
- Minimize expense as you grow the platform, driving bottom-line results
Collections Staffing and Loss Forecasting Models
Loss Forecasting must be a core competency of every lender, particularly with the advent of CECL for loss provisioning. The number one reason lenders fail is that they do not get in front of credit issues with enough lead time to make an impact. TruDecision's expertise in managing each of the components that lead to shifts in credit performance has been proven, and can provide a critical advantage to your organization.
Key benefits include:
- Understanding the source of deterioration, whether from origination quality, servicing effectiveness or the economic environment
- Early warning indicators guide you on how to shift the level and timing of losses
- Scenario analysis for stress testing
- Drive proper collections staffing to achieve performance targets
