MACROECONOMIC-ADJUSTED CREDIT RISK SCORE SYSTEMS AND METHODS
First Claim
1. A computer-implemented method for determining an individual'"'"'s adjusted credit risk score, said method comprising the steps of:
- a) determining a macroeconomic risk score via one or more computing devices by the sub-steps;
a1) obtaining a sample of consumer credit data over a period of time covering multiple economic conditions stored in memory;
a2) determining individual performance for each consumer represented in said sample of consumer credit data over a window of time based on their credit data, wherein said individual performance is utilized as a dependent attribute;
a3) obtaining one or more econometric factors data stored in said memory, wherein said one or more econometric factors data are utilized as one or more independent attributes; and
a4) determining said macroeconomic risk score by utilizing said dependent attribute, said one or more independent attributes, and applying a statistical technique for modeling;
b) obtaining an individual'"'"'s credit risk score stored in said memory;
c) developing a model implemented by said one or more computing devices that will automatically compensate said individual'"'"'s credit risk score by utilizing said macroeconomic risk score; and
d) outputting said individual'"'"'s adjusted credit risk score by utilizing said model.
2 Assignments
0 Petitions
Accused Products
Abstract
Various embodiments of the present invention provide systems and methods for automatically compensating an individual'"'"'s credit risk score for macroeconomic data. In particular, various embodiments provide systems and methods to determine a macroeconomic risk score. In addition, various embodiments provide systems and methods to determine an adjusted credit risk score for an individual based on the individual'"'"'s credit risk score and a macroeconomic risk score that serves as a scale adjuster to keep overall delinquency and/or loss rates in line as economic factors change.
67 Citations
25 Claims
-
1. A computer-implemented method for determining an individual'"'"'s adjusted credit risk score, said method comprising the steps of:
-
a) determining a macroeconomic risk score via one or more computing devices by the sub-steps; a1) obtaining a sample of consumer credit data over a period of time covering multiple economic conditions stored in memory; a2) determining individual performance for each consumer represented in said sample of consumer credit data over a window of time based on their credit data, wherein said individual performance is utilized as a dependent attribute; a3) obtaining one or more econometric factors data stored in said memory, wherein said one or more econometric factors data are utilized as one or more independent attributes; and a4) determining said macroeconomic risk score by utilizing said dependent attribute, said one or more independent attributes, and applying a statistical technique for modeling; b) obtaining an individual'"'"'s credit risk score stored in said memory; c) developing a model implemented by said one or more computing devices that will automatically compensate said individual'"'"'s credit risk score by utilizing said macroeconomic risk score; and d) outputting said individual'"'"'s adjusted credit risk score by utilizing said model. - View Dependent Claims (2, 3, 4)
-
-
5-6. -6. (canceled)
-
17. A system for determining an individual'"'"'s adjusted credit risk score, said system comprising:
-
a processor adapted to execute a macroeconomic risk score module and a risk model adjustment module; and a memory coupled to said processor and adapted for storing said macroeconomic risk score module and said risk model adjustment module, wherein; said macroeconomic risk score module is adapted for execution by the processor to; obtain a sample of consumer credit data over a period of time covering multiple economic conditions; obtain a performance determination for each of said consumers in said sample over a window of time to be utilized as a dependent attribute; obtain one or more econometric factors to be utilized as one or more independent attributes; and calculate a macroeconomic risk score by utilizing said dependent attributes said one or more independent attributes, and applying a statistical technique for modeling; and said risk model adjustment module is adapted for execution by the processor to determine said individual'"'"'s adjusted credit risk score by obtaining said individual'"'"'s credit risk score and automatically compensating said individual'"'"'s credit risk score by utilizing said macroeconomic risk score. - View Dependent Claims (18, 19, 20, 21, 22)
-
-
23. (Canceled)
-
24. A computer-readable storage medium executable by a processor to determine an individual'"'"'s adjusted credit risk score, said computer-readable storage medium comprising:
a first code memory portion executable by said processor to; obtain a sample of consumer credit data over a period of time covering multiple economic conditions; obtain a performance determination for each of said consumers in said sample over a window of time to be utilized as a dependent attribute; obtain one or more econometric factors to be utilized as one or more independent attributes; and calculate a macroeconomic risk score by utilizing said dependent attribute, said one or more independent attributes, and applying a statistical technique for modeling; and a second code memory portion executable by said processor to determine said individual'"'"'s adjusted credit risk score by obtaining said individual'"'"'s credit risk score and automatically compensating said individual'"'"'s credit risk score by utilizing said macroeconomic risk score.
-
25. (canceled)
Specification