Make better lending decisions with an accurate view of New to Credit Borrowers
Enhance your underwriting process with the CreditVision NTC score & predict risk on your entire through the door applicant base. Now, you can get a score for the “unscorable by the CreditVision Score” which will enable you with the ability to assess the credit risk of these New-to-Credit applicants/borrowers.
The CreditVision NTC score model works on the look alike model approach where for all enquiries made on a NTC application, a lookalike profile of the applicant is identified basis the demographic and application data available. Using the power of trended credit attributes (through CreditVision) of the lookalike profile and an advanced analytics model techniques, the NTC applicant is assigned a risk score ranging from 101 to 200.
Improve Risk Decision on the New to Credit Segment
Increase approval rates within the lenders’ current risk tolerance, providing enhanced financial inclusion opportunity while managing risk and hence increased profit
Acquire More Customers
Improve marketing results and reduce acquisition cost
Build loyal base of customers
On-board NTC customers early in their financial journey
Get predictive insight into consumer risk of New to Credit Borrowers
Score ~25% of consumer inquiries previously deemed unscorable with the CreditVision score
Increase approval rates within the lenders’ current risk tolerance
Broader and a deeper view of consumer performance with CreditVision algorthims