System and method for identifying related credit inquiries
First Claim
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1. A system comprising:
- one or more databases configured to electronic files of consumers and information related to credit inquiries on the credit files of the consumers;
a server computer communicably coupled to the one or more databases, wherein the server computer is programmed to;
access an electronic file of a monitored user to identify a credit event, wherein the electronic file is stored in a data store;
extract, from the electronic file information related to the credit event, the extracted information comprising a name of an initiator of the credit event and at least one other field;
perform name matching using the name of the initiator of the credit event and stored names in master records;
perform token-based matching using the at least one other field and corresponding fields in the master records;
perform a lexical analysis of the name of the initiator of the inquiry event;
determine an agreed-upon multi-module match among the name matching, the token-based matching, and the lexical analysis;
determine, based at least in part on the agreed-upon multi-module match whether there is a related credit event of the monitored user that occurred within a predetermined window of time of the identified credit event; and
responsive to a determination that there is not a related credit event of the monitored user that occurred within a predetermined window of time of the identified credit event, generate and send an alert of the identified credit event to the monitored user.
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Abstract
In one embodiment, a method includes receiving a credit inquiry for a monitored consumer. The method further includes performing at least one credit-inquiry analysis on the credit inquiry. The performing yields at least one of a matched creditor from master creditor records and an inferred credit category based on a lexical analysis. In addition, the method includes, responsive to the performing, determining whether the credit inquiry is related to a previous credit inquiry for the monitored consumer. Further, the method includes, responsive to a determination that the credit inquiry is related to a previous credit inquiry, suppressing a credit alert to the monitored consumer.
1014 Citations
20 Claims
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1. A system comprising:
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one or more databases configured to electronic files of consumers and information related to credit inquiries on the credit files of the consumers; a server computer communicably coupled to the one or more databases, wherein the server computer is programmed to; access an electronic file of a monitored user to identify a credit event, wherein the electronic file is stored in a data store; extract, from the electronic file information related to the credit event, the extracted information comprising a name of an initiator of the credit event and at least one other field; perform name matching using the name of the initiator of the credit event and stored names in master records; perform token-based matching using the at least one other field and corresponding fields in the master records; perform a lexical analysis of the name of the initiator of the inquiry event; determine an agreed-upon multi-module match among the name matching, the token-based matching, and the lexical analysis; determine, based at least in part on the agreed-upon multi-module match whether there is a related credit event of the monitored user that occurred within a predetermined window of time of the identified credit event; and responsive to a determination that there is not a related credit event of the monitored user that occurred within a predetermined window of time of the identified credit event, generate and send an alert of the identified credit event to the monitored user. - View Dependent Claims (2, 3, 4, 5, 6, 7)
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8. A method comprising, by a computer system comprising at least one processor and memory:
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accessing an electronic file of a monitored user to identify a credit event, wherein the electronic file is stored in a data store; extracting, from the electronic file information related to the credit event, the extracted information comprising a name of an initiator of the credit event and at least one other field; performing name matching using the name of the initiator of the credit event and stored names in master records; performing token-based matching using the at least one other field and corresponding fields in the master records; performing a lexical analysis of the name of the initiator of the inquiry event; determining an agreed-upon multi-module match among the name matching, the token-based matching, and the lexical analysis; determining, based at least in part on the agreed-upon multi-module match whether there is a related credit event of the monitored user that occurred within a predetermined window of time of the identified credit event; and responsive to a determination that there is not a related credit event of the monitored user that occurred within a predetermined window of time of the identified credit event, generating and sending an alert of the identified credit event to the monitored user. - View Dependent Claims (9, 10, 11, 12, 13)
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14. A non-transitory computer readable medium storing software instructions thereon, the software instructions cause a computer system to:
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access an electronic file of a monitored user to identify a credit event, wherein the electronic file is stored in a data store; extract, from the electronic file information related to the credit event, the extracted information comprising a name of an initiator of the credit event and at least one other field; perform name matching using the name of the initiator of the credit event and stored names in master records; perform token-based matching using the at least one other field and corresponding fields in the master records; perform a lexical analysis of the name of the initiator of the inquiry event; determine an agreed-upon multi-module match among the name matching, the token-based matching, and the lexical analysis; determine, based at least in part on the agreed-upon multi-module match whether there is a related credit event of the monitored user that occurred within a predetermined window of time of the identified credit event; and responsive to a determination that there is not a related credit event of the monitored user that occurred within a predetermined window of time of the identified credit event, generate and send an alert of the identified credit event to the monitored user. - View Dependent Claims (15, 16, 17, 18, 19, 20)
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Specification