Identifying the consumers who are most likely to become delinquent or default on their loans, is the plight of every lender.
How do you
Approve more applicants?
In a recent case study of four lenders Clarity applied an innovative solution to more than 180,000 historical loan applications, provided by the lenders, that yielded a risk reduction for all four lenders. For one lender this equated
In an effort to mitigate risk and improve their account opening process, a top 50 financial institution wanted to determine if they could predict which new accounts would result in a forced closure in the first 6 to 12 months.
Annual losses from account closures were almost $7 million. The losses were a result of accounts being overdrawn for extended periods of time, causing the institution to close