Welcome!

News Feed Item

VantageScore Solutions Announces Webcast Series Focused on Credit Score Model Conversion and Implementation Techniques

VantageScore Solutions, the company behind the VantageScore® credit scoring model, announced today the launch of a series of webcasts to help consumer lending institutions improve risk management processes due to advances in credit score modeling and decision analytics.

The webcasts will help credit policy professionals, risk analysts, marketing and acquisition specialists, compliance officers and other senior managers tackle critical issues regarding when, why and how to implement a new credit score model into current credit risk management systems.

“These webcasts are an extension of the dialogue we’ve been having with lending institutions since the launch of Vantage Score 3.0,” said Sarah Davies, senior vice president of analytics, research and product management at VantageScore Solutions. “In a post-recession lending environment, institutions are seeking tools such as VantageScore 3.0 that are designed to deliver maximum benefit given the current credit dynamics.”

The new informational tool leverages the knowledge and experience of more than 25 industry experts who have deployed new credit scoring models in their strategies, processes and technology platforms at major lending institutions.

The first two webcasts in the series were posted today. The first webcast provides the key analytic, process and reporting building blocks for approaching credit score model conversion. Its goal is to provide a checklist of tasks that should be completed in order to successfully implement a new scoring model with the goal of reducing losses and increasing volumes. The webcast discusses four methods for implementing a new scoring model, and then provides in depth guidance on one conversion method known as the “plug and play” method.

A second webcast covers credit score migration trends and the continued evolution of consumer credit management behaviors with an emphasis on how to leverage those trends as a credit provider.

The remaining webcasts will be posted on a regular basis. Each webcast builds on prior information to address credit score model conversion approaches for increasingly complex strategies and product designs. Along with broad topics to be covered that include testing, such as back testing, phased implementation and champion-challenger approaches, new strategy design for universe expansion opportunities and performance monitoring methods, more specific subject matters will be discussed, such as:

  • Understanding the risk versus volume trade off when determining the score cut-off using a new scoring model. Analyzing and capturing swap set financial and behavior dynamics in order to optimize the score cut-off.
  • Origination trends over the recession: A study across the mortgage, auto, and credit card industries that examines how origination trends changed and what geographic opportunities exist for portfolio growth.
  • Optimizing the score cut-offs in complex lending strategies using multiple scoring models and/or additional lending criteria. Many lending institutions incorporate additional underwriting criteria to further segment consumer populations. This webcast will take these criteria under consideration and provide guidance for how to analyze, test and monitor scoring model conversion scenarios.
  • Measurable bias: A methodology for identifying measurable bias in credit score models as well as consumer credit products using U.S. Census data.
  • Full strategy rebuild: A comprehensive discussion of analytics and processes to guide lenders in universe expansion strategy design that captures the value of new consumers without introducing undue risk.

To be alerted when these and more VantageScore Solutions webcasts become available, sign-up for the VantageScore newsletter, follow the VantageScore Twitter account (@VantageScore), contact a representative from one of the three national credit reporting companies (Equifax, Experian, and TransUnion), or subscribe to our YouTube channel.

About VantageScore Solutions

VantageScore Solutions, LLC (www.vantagescore.com) is the independently managed company that owns the intellectual property rights to the VantageScore credit scoring models, including the recently announced VantageScore 3.0 model which provides up to 25 percent predictive improvement over earlier models and has the ability to formulate a score for 30 – 35 million previously unscoreable consumers. Initially developed by America’s three national credit reporting companies (CRCs) — Equifax, Experian and TransUnion — VantageScore Solutions’ highly predictive models use an innovative, patented and patent-pending tri-bureau scoring methodology that provides lenders and consumers with more consistent credit scores across all three national credit reporting companies.

Engage with us:

Facebook: Facebook.com/VantageScore

LinkedIn: linkedin.com/company/vantagescore-solutions

Twitter: @VantageScore

More Stories By Business Wire

Copyright © 2009 Business Wire. All rights reserved. Republication or redistribution of Business Wire content is expressly prohibited without the prior written consent of Business Wire. Business Wire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
Adding public cloud resources to an existing application can be a daunting process. The tools that you currently use to manage the software and hardware outside the cloud aren’t always the best tools to efficiently grow into the cloud. All of the major configuration management tools have cloud orchestration plugins that can be leveraged, but there are also cloud-native tools that can dramatically improve the efficiency of managing your application lifecycle. In his session at 18th Cloud Expo, ...
SYS-CON Events announced today that LeaseWeb USA, a cloud Infrastructure-as-a-Service (IaaS) provider, will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. LeaseWeb is one of the world's largest hosting brands. The company helps customers define, develop and deploy IT infrastructure tailored to their exact business needs, by combining various kinds cloud solutions.
StackIQ has announced the release of Stacki 3.2. Stacki is an easy-to-use Linux server provisioning tool. Stacki 3.2 delivers new capabilities that simplify the automation and integration of site-specific requirements. StackIQ is the commercial entity behind this open source bare metal provisioning tool. Since the release of Stacki in June of 2015, the Stacki core team has been focused on making the Community Edition meet the needs of members of the community, adding features and value, while ...
Qosmos has announced new milestones in the detection of encrypted traffic and in protocol signature coverage. Qosmos latest software can accurately classify traffic encrypted with SSL/TLS (e.g., Google, Facebook, WhatsApp), P2P traffic (e.g., BitTorrent, MuTorrent, Vuze), and Skype, while preserving the privacy of communication content. These new classification techniques mean that traffic optimization, policy enforcement, and user experience are largely unaffected by encryption. In respect wit...
For basic one-to-one voice or video calling solutions, WebRTC has proven to be a very powerful technology. Although WebRTC’s core functionality is to provide secure, real-time p2p media streaming, leveraging native platform features and server-side components brings up new communication capabilities for web and native mobile applications, allowing for advanced multi-user use cases such as video broadcasting, conferencing, and media recording.
SYS-CON Events announced today the Kubernetes and Google Container Engine Workshop, being held November 3, 2016, in conjunction with @DevOpsSummit at 19th Cloud Expo at the Santa Clara Convention Center in Santa Clara, CA. This workshop led by Sebastian Scheele introduces participants to Kubernetes and Google Container Engine (GKE). Through a combination of instructor-led presentations, demonstrations, and hands-on labs, students learn the key concepts and practices for deploying and maintainin...
SYS-CON Events announced today that Venafi, the Immune System for the Internet™ and the leading provider of Next Generation Trust Protection, will exhibit at @DevOpsSummit at 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Venafi is the Immune System for the Internet™ that protects the foundation of all cybersecurity – cryptographic keys and digital certificates – so they can’t be misused by bad guys in attacks...
ReadyTalk has expanded the capabilities of the FoxDen collaboration platform announced late last year to include FoxDen Connect, an in-room video collaboration experience that launches with a single touch. With FoxDen Connect, users can now not only engage in HD video conferencing between iOS and Android mobile devices or Chrome browsers, but also set up in-person meeting rooms for video interactions. A host’s mobile device automatically recognizes the presence of a meeting room via beacon tech...
The cloud market growth today is largely in public clouds. While there is a lot of spend in IT departments in virtualization, these aren’t yet translating into a true “cloud” experience within the enterprise. What is stopping the growth of the “private cloud” market? In his general session at 18th Cloud Expo, Nara Rajagopalan, CEO of Accelerite, explored the challenges in deploying, managing, and getting adoption for a private cloud within an enterprise. What are the key differences between wh...
Deploying applications in hybrid cloud environments is hard work. Your team spends most of the time maintaining your infrastructure, configuring dev/test and production environments, and deploying applications across environments – which can be both time consuming and error prone. But what if you could automate provisioning and deployment to deliver error free environments faster? What could you do with your free time?
Ixia (Nasdaq: XXIA) has announced that NoviFlow Inc.has deployed IxNetwork® to validate the company’s designs and accelerate the delivery of its proven, reliable products. Based in Montréal, NoviFlow Inc. supports network carriers, hyperscale data center operators, and enterprises seeking greater network control and flexibility, network scalability, and the capacity to handle extremely large numbers of flows, while maintaining maximum network performance. To meet these requirements, NoviFlow in...
Choosing the right cloud for your workloads is a balancing act that can cost your organization time, money and aggravation - unless you get it right the first time. Economics, speed, performance, accessibility, administrative needs and security all play a vital role in dictating your approach to the cloud. Without knowing the right questions to ask, you could wind up paying for capacity you'll never need or underestimating the resources required to run your applications.
It’s 2016: buildings are smart, connected and the IoT is fundamentally altering how control and operating systems work and speak to each other. Platforms across the enterprise are networked via inexpensive sensors to collect massive amounts of data for analytics, information management, and insights that can be used to continuously improve operations. In his session at @ThingsExpo, Brian Chemel, Co-Founder and CTO of Digital Lumens, will explore: The benefits sensor-networked systems bring to ...
Extreme Computing is the ability to leverage highly performant infrastructure and software to accelerate Big Data, machine learning, HPC, and Enterprise applications. High IOPS Storage, low-latency networks, in-memory databases, GPUs and other parallel accelerators are being used to achieve faster results and help businesses make better decisions. In his session at 18th Cloud Expo, Michael O'Neill, Strategic Business Development at NVIDIA, focused on some of the unique ways extreme computing is...
On Dice.com, the number of job postings asking for skill in Amazon Web Services increased 76 percent between June 2015 and June 2016. Salesforce.com saw its own skill mentions increase 37 percent, while DevOps and Cloud rose 35 percent and 28 percent, respectively. Even as they expand their presence in the cloud, companies are also looking for tech professionals who can manage projects, crunch data, and figure out how to make systems run more autonomously. Mentions of ‘data science’ as a skill ...