Loading...

Risk models stand the test of time

Published: July 21, 2016 by Guest Contributor

As credit behavior and economic conditions continue to evolve, using a model that is validated regularly can give lenders greater confidence in the model’s performance. VantageScore® Solutions, LLC validates all its models annually to promote transparency and support financial institutions with model governance.

The results of the most recent validation demonstrate the consistent ability of VantageScore® to accurately score more than 30 million to 35 million consumers considered unscoreable by other models — including 9.5 million Hispanic and African-American consumers.

The findings reinforce the importance of using advanced credit scoring models to make more accurate decisions while providing consumers with access to fair and equitable credit.

>> VantageScore® Annual Validation Results 2016

Vantage Score

VantageScore® is a registered trademark of VantageScore Solutions, LLC

Related Posts

Dive deeper into model risk management, its importance for organizations, and the key elements of a model risk management framework.

Published: January 25, 2024 by Julie Lee

To maximize limited marketing spend, lenders will need to be more prescriptive to increase response rates on fewer delivered offers.

Published: October 6, 2020 by Eric Johnson

To improve results within the subprime space, lenders need to have a well-established pre-delinquent contact optimization approach. Read more!

Published: August 17, 2020 by Guest Contributor