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Application Scoring
Application scoring quantifies the risks, associated with loan applications, by evaluating the social, demographic, financial, and other data collected at the time of the application.
It facilitates customer acquisition decisions. Used in application processing systems, application scoring helps to automate the whole process of loan origination.
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Behavioral Scoring
Behavioral scoring quantifies the customer behavior to improve
your credit portfolio management and customer management.
Behavioral scoring helps you to better understand your
customers, and, the better you understand your customers, the
more effectively you can respond to their individual needs and
increase your bottom line.
It facilitates customer management decisions. Used in credit
management or portfolio processing systems, behavioral scoring
helps to automatically segment and rate accounts, customers
and portfolios thus allowing managing efficiently a particular
borrower’s credit account as well as the entire credit portfolio.
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Collection Scoring
Collection scoring quantifies the probability of recovery of the
outstanding balance for those accounts in collections. Collection
scorecard statistically estimates debtor’s willingness to pay and
ability to pay and thus helps to define what actions should be
done to increase collections.
It facilitates debt management decisions. Used in debt collection
systems, collection scoring helps you improve your collection and
recovery efficiency, reduce write-offs and decrease staff costs.
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Fraud Scoring
Fraud scoring rank-order applicants according to the probability
that an application may be fraudulent and thus alerts you of
potentially fraudulent applications before you book an account.
It facilitates fraud detection and prevention helping you instantly
decide which of the applications should be rejected or set aside
for more in-depth evaluation due to high fraud probability. Used
as addition to loan origination systems, fraud scoring helps
lenders to increase their profits and enhance their customer
service, by identifying potential fraud at the earliest point
possible.
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Plug&Score is the most easy-to-use and the fastest to integrate scoring system.
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For more complex and versatile needs of larger credit institutions we recommend Scorto™:
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