The average turnaround time to make a lending decision varies materially between financial institutions. Institutions with low-level automation are typically less competitive on price due to the higher cost of manual reviews. For customers, it leads to high levels of dissatisfaction, complaints and switching of institutions. To learn more practical insights and best practices for key areas of business banking and to look at the features of a leading-edge approach to customer management, download the full white paper. Source: Strategic customer management for business banking portfolios by Experian's Global Consulting Practice.

As part of its expanded guidance, the Office of the Comptroller of the Currency explicitly recommends that financial services firms utilizing predictive models and decision analytics run regular validations to gauge model efficacy. The VantageScore® credit score model was recently measured against the best credit score models from each of the three largest credit reporting companies (CRCs). When comparing KS values, there is exceptionally strong performance for mortgage originations, with the VantageScore® credit score model outperforming the CRC models in a range from 8 percent to 12 percent. The average range of outperformance is 3 percent to 4 percent across the board for most of the key industries. View the VantageScore® Webinar: Executing Effective Validations in 2011 and Beyond. Source: Executing Effective Validations, American Banker. VantageScore® is owned by VantageScore Solutions, LLC.

A vintage analysis comparing 60 or more days past due (DPD) delinquency performance at the one-year mark for mortgages originated between 2002 and 2010 shows that 2010 outperformed previous years, with a delinquency rate of 0.37 percent. The worst- performing vintage was 2006, with a 60 or more DPD delinquency rate of 3.84 percent – more than 10 times the delinquency rate of 2010. Listen to our recorded Webinar for a detailed look at the current state of strategic default in mortgage and an update on consumer credit trends. Source: Experian-Oliver Wyman Market Intelligence Reports

The average turnaround time to make a lending decision varies materially between financial institutions. Institutions with low-level automation are typically less competitive on price due to the higher cost of manual reviews. For customers, it leads to high levels of dissatisfaction, complaints and switching of institutions. To learn more practical insights and best practices for key areas of business banking and to look at the features of a leading-edge approach to customer management, download the full white paper. Source: Strategic customer management for business banking portfolios by Experian's Global Consulting Practice.

As part of its expanded guidance, the Office of the Comptroller of the Currency explicitly recommends that financial services firms utilizing predictive models and decision analytics run regular validations to gauge model efficacy. The VantageScore® credit score model was recently measured against the best credit score models from each of the three largest credit reporting companies (CRCs). When comparing KS values, there is exceptionally strong performance for mortgage originations, with the VantageScore® credit score model outperforming the CRC models in a range from 8 percent to 12 percent. The average range of outperformance is 3 percent to 4 percent across the board for most of the key industries. View the VantageScore® Webinar: Executing Effective Validations in 2011 and Beyond. Source: Executing Effective Validations, American Banker. VantageScore® is owned by VantageScore Solutions, LLC.

A vintage analysis comparing 60 or more days past due (DPD) delinquency performance at the one-year mark for mortgages originated between 2002 and 2010 shows that 2010 outperformed previous years, with a delinquency rate of 0.37 percent. The worst- performing vintage was 2006, with a 60 or more DPD delinquency rate of 3.84 percent – more than 10 times the delinquency rate of 2010. Listen to our recorded Webinar for a detailed look at the current state of strategic default in mortgage and an update on consumer credit trends. Source: Experian-Oliver Wyman Market Intelligence Reports