Macroeconomic-adjusted credit risk score systems and methods
First Claim
1. A computer-implemented method for determining a macroeconomic risk score used for adjusting an individual'"'"'s credit risk score, said method comprising the steps of:
- a) obtaining a sample of consumer credit data stored in memory, said sample of consumer credit data comprising credit data associated with a plurality of consumers over a first period of time covering one or more economic conditions;
b) determining performance for each consumer represented in said sample of consumer credit data, via one or more computing devices, based on each consumer'"'"'s financial history reflected in said sample of consumer credit data, wherein said consumer'"'"'s performance is utilized as a dependent attribute;
c) obtaining data of one or more econometric factors associated with macroeconomics stored in said memory, said data of one or more econometric factors comprising data of said one or more econometric factors over a second period of time prior to said first period of time, wherein said one or more econometric factors are utilized as one or more independent attributes; and
d) determining said macroeconomic risk score, via said one or more computing devices, by utilizing said dependent attribute, said one or more independent attributes, and applying a statistical technique for modeling, wherein said macroeconomic risk score reflects an effect of macroeconomic changes on said individual'"'"'s credit risk score.
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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.
125 Citations
22 Claims
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1. A computer-implemented method for determining a macroeconomic risk score used for adjusting an individual'"'"'s credit risk score, said method comprising the steps of:
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a) obtaining a sample of consumer credit data stored in memory, said sample of consumer credit data comprising credit data associated with a plurality of consumers over a first period of time covering one or more economic conditions; b) determining performance for each consumer represented in said sample of consumer credit data, via one or more computing devices, based on each consumer'"'"'s financial history reflected in said sample of consumer credit data, wherein said consumer'"'"'s performance is utilized as a dependent attribute; c) obtaining data of one or more econometric factors associated with macroeconomics stored in said memory, said data of one or more econometric factors comprising data of said one or more econometric factors over a second period of time prior to said first period of time, wherein said one or more econometric factors are utilized as one or more independent attributes; and d) determining said macroeconomic risk score, via said one or more computing devices, by utilizing said dependent attribute, said one or more independent attributes, and applying a statistical technique for modeling, wherein said macroeconomic risk score reflects an effect of macroeconomic changes on said individual'"'"'s credit risk score. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13)
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14. A system for determining a macroeconomic risk score, said system comprising:
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a processor adapted to execute a macroeconomic risk score module; and a memory coupled to said processor and adapted for storing said macroeconomic risk score module, wherein; said macroeconomic risk score module is adapted for execution by the processor to; obtain a sample of consumer credit data comprising credit data associated with a plurality of consumers over a first period of time covering one or more economic conditions; obtain a performance determination for each of said consumers in said sample of consumer credit data based on each consumer'"'"'s financial history reflected in said sample to be utilized as a dependent attribute; obtain data of one or more econometric factors associated with macroeconomics to be utilized as one or more independent attributes, said data comprising data of said one or more econometric factors over a second period of time prior to said first period of time; and calculate a macroeconomic risk score by utilizing said dependent attribute, said one or more independent attributes, and applying a statistical technique for modeling, wherein said macroeconomic risk score reflects an effect of macroeconomic chances on an individual'"'"'s credit risk score. - View Dependent Claims (15, 16, 17, 18, 19)
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20. A computer-readable storage medium executable by a processor to determine a macroeconomic 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 comprising credit data associated with a plurality of consumers over a first period of time covering one or more economic conditions; obtain a performance determination for each of said consumers in said sample of consumer credit data based on each consumer'"'"'s financial history reflected in said sample to be utilized as a dependent attribute; obtain data of one or more econometric factors associated with macroeconomics to be utilized as one or more independent attributes, said data comprising data of said one or more econometric factors over a second period of time prior to said first period of time; and calculate a macroeconomic risk score by utilizing said dependent attribute, said one or more independent attributes, and applying a statistical technique for modeling, wherein said macroeconomic risk score reflects an effect of macroeconomic chances on an individual'"'"'s credit risk score. - View Dependent Claims (21)
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22. A computer-implemented method for determining an adjusted credit risk score for an individual, said method comprising, by one or more computing devices, automatically adjusting said individual'"'"'s credit risk score by applying a model based on a macroeconomic risk score, wherein said macroeconomic risk score is derived by:
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a) obtaining a sample of consumer credit data, said sample of consumer credit data comprising credit data associated with a plurality of consumers over a first period of time covering one or more economic conditions; b) determining individual performance for each consumer represented in said sample of consumer credit data based on each consumer'"'"'s financial history reflected in said sample of consumer credit data, wherein said individual performance is utilized as a dependent attribute; c) obtaining data of one or more econometric factors associated with macroeconomics, said data of one or more econometric factors comprising data of said one or more econometric factors over a second period of time prior to said first period of time, wherein said one or more econometric factors are utilized as one or more independent attributes; and d) determining said macroeconomic risk score by utilizing said dependent attribute, said one or more independent attributes, and applying a statistical technique for modeling.
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Specification