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New Predictive Credit Score

Risk Scoring Tool Adapted To Changing Customer Behavior


Changing economic conditions, their effect on consumer behavior and related shifts in credit risk are driving efforts to provide credit scoring models with a more predictive risk assessment edge. VantageScore Solutions, Stamford, Conn., is one such provider that redeveloped its credit-scoring algorithm. Sarah Davies, SVP of product management, analytics and research, told this publication VantageScore 2.0 is based on over 45 million data files and expands credit rating analysis beyond the typical two-year period dataset to a three-year window. Changes are expected to increase the score’s predictive power from 10% to about 15%.

By Amilda Dymi @ Mortgage Servicing News

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