TOTAL STRUCTURAL RISK MODEL
First Claim
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1. A method for obtaining a comprehensive consumer default risk value for a consumer with respect to a debt obligation secured by real property, wherein said comprehensive consumer default risk value is derived by a risk analysis computer, said method comprising:
- requesting said comprehensive consumer default risk value for said consumer; and
receiving said comprehensive consumer default risk value for said consumer, wherein said comprehensive consumer default risk value is calculated by determining a comprehensive consumer default risk value, said determining comprises;
obtaining, at said risk analysis computer, wherein said risk analysis computer comprises a processor, a memory, and a data store, consumer credit data relating to said consumer;
modeling, by said risk analysis computer, consumer spending patterns of said consumer using said consumer credit data to obtain an estimated spend capacity of said consumer; and
calculating, by said risk analysis computer, said comprehensive consumer default risk value for said consumer based upon said consumer credit data and said estimated spend capacity, wherein said comprehensive consumer default risk value represents a risk associated with said consumer defaulting on an existing debt obligation.
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Abstract
The present invention generally relates to financial data processing, and in particular it relates to credit scoring, consumer profiling, consumer behavior analysis and modeling. More specifically, it relates to risk modeling using the inputs of credit bureau data, size of wallet data, and, optionally, internal data.
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Citations
22 Claims
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1. A method for obtaining a comprehensive consumer default risk value for a consumer with respect to a debt obligation secured by real property, wherein said comprehensive consumer default risk value is derived by a risk analysis computer, said method comprising:
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requesting said comprehensive consumer default risk value for said consumer; and receiving said comprehensive consumer default risk value for said consumer, wherein said comprehensive consumer default risk value is calculated by determining a comprehensive consumer default risk value, said determining comprises; obtaining, at said risk analysis computer, wherein said risk analysis computer comprises a processor, a memory, and a data store, consumer credit data relating to said consumer; modeling, by said risk analysis computer, consumer spending patterns of said consumer using said consumer credit data to obtain an estimated spend capacity of said consumer; and calculating, by said risk analysis computer, said comprehensive consumer default risk value for said consumer based upon said consumer credit data and said estimated spend capacity, wherein said comprehensive consumer default risk value represents a risk associated with said consumer defaulting on an existing debt obligation. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 15, 16, 17, 18, 19, 20, 21)
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13. -14. (canceled)
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22. The method of claim 22, wherein said calculating further comprises:
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retrieving said consumer credit data from said memory; performing, by said processor, a calculation using said consumer credit data to calculate said comprehensive consumer default risk value; storing said comprehensive consumer default risk value in said memory.
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Specification