Methods and Systems for Multi-Credit Reporting Agency Data Modeling
First Claim
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1. A method for modeling data comprising:
- retrieving a source list from each of a plurality of credit reporting agencies, each said source list comprising a list of selected consumers;
merging each of the source lists into a merged source list;
retrieving credit data from each of the plurality of credit reporting agencies for each consumer in the merged source list;
adding the retrieved credit data to the merged source list;
normalizing the retrieved credit data across the plurality of credit reporting agencies; and
generating a modeling sample based on the normalized credit data.
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Abstract
Provided are methods and systems by which a data sample can be generated in order to create a true multi-Credit Reporting Agency model, eliminating the biases and variability in traditional multi-CRA models by allowing the creation of a single multi-CRA method which requires neither alignment nor translation to be applicable on all CRAs.
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Citations
20 Claims
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1. A method for modeling data comprising:
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retrieving a source list from each of a plurality of credit reporting agencies, each said source list comprising a list of selected consumers;
merging each of the source lists into a merged source list;
retrieving credit data from each of the plurality of credit reporting agencies for each consumer in the merged source list;
adding the retrieved credit data to the merged source list;
normalizing the retrieved credit data across the plurality of credit reporting agencies; and
generating a modeling sample based on the normalized credit data. - View Dependent Claims (2, 3, 4, 5, 6, 7, 19, 20)
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8. A system for modeling data comprising:
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a memory configured for storing credit data;
a processor, coupled to the memory, wherein the processor is configured to perform the steps of;
retrieving a source list from each of a plurality of credit reporting agencies, each said source list comprising a list of selected consumers;
merging each of the source lists into a merged source list;
retrieving credit data from each of the plurality of credit reporting agencies for each consumer in the merged source list;
adding the retrieved credit data to the merged source list;
normalizing the retrieved credit data across the plurality of credit reporting agencies; and
generating a modeling sample based on the normalized credit data. - View Dependent Claims (9, 10, 11, 12, 13, 14)
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15. A computer readable medium with computer executable instructions embodied thereon for modeling data comprising:
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retrieving a source list from each of a plurality of credit reporting agencies, each said source list comprising a list of selected consumers;
merging each of the source lists into a merged source list;
retrieving credit data from each of the plurality of credit reporting agencies for each consumer in the merged source list;
adding the retrieved credit data to the merged source list;
normalizing the retrieved credit data across the plurality of credit reporting agencies; and
generating a modeling sample based on the normalized credit data. - View Dependent Claims (16, 17, 18)
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Specification