Sentences with phrase «of traditional credit data»

Charlie Wise, vice president in TransUnion's Innovative Solutions Group, said Fannie will likely use a mix of traditional credit data, trended credit data and FICO scores.

Not exact matches

My view: It was silly of the anti-carb panelists to refuse to credit the Okinawan data, but it is also misleading to say that the «traditional diet» of Okinawans is 85 % carb based on data from a period of starvation and food scarcity.

Data released Thursday by D.C. Public Schools shows that 42 percent of seniors attending traditional public schools are on track to graduate, while 19 percent are considered «moderately off - track,» meaning they could still earn enough credits for a diploma.

Regarding traditional vs. alternative credit data, Harman says, «It's not that one is better, it's just that combined they give you a broad view of what the consumer is really like.»

Traditional credit data relies on the likes of mortgage and car payments to score consumer creditworthiness.

A wealth of publicly available social data cross-referenced with traditional sources like bank records and credit card statements...

However, if your traditional credit file doesn't have much data in it and the new data included in the FICO mortgage score is mostly negative, your chances of being granted credit will take a hit.

Trended data provides a fuller picture of a consumer's credit trends, supplementing the traditional moment - in - time credit snapshot with a more dynamic picture that includes managing revolving accounts.

While a traditional credit report provides a «snapshot» of how borrowers have been using credit instruments like cards and auto loans, trended data shows how consumers have utilized these credit trade lines going back 24 months in Equifax's case and 30 months in TransUnion's.

Moreover, a recent LexisNexis survey found that 81 % of consumers who are unscorable using traditional credit bureau methods are scorable using alternative data.

It is no surprise that the exclusion of readily available data from today's traditional credit score calculations is a direct contributor to financial exclusion today — the reason half of Americans are shut out.

But until more data sources providing nonbank payment information become part of traditional credit score calculations, consumers will continue to pay their debts on time without an opportunity to increase their scores.

Our scoring model bases its risk assessment on unique data from CoreLogic plus a traditional credit report from one or more of the national consumer credit reporting agencies.

Patrick Reemts, vice president of credit risk solutions at ID Analytics, claims that this is, in part, due to the fact that traditional credit scores aren't tapping into more modern data sources, like cell phone bills.

AI - based lending platforms analyze thousands of data points — including traditional and alternative credit bureaus, bank account records, social media streams and public records — and find patterns that indicate creditworthiness, propensity to default, and likelihood of fraud.

Drawing on reliable new sources of data, FICO scores more creditworthy people unable to obtain traditional credit using credit bureau data alone.

FICO considers all those types of accounts in its traditional credit scoring model, with the exception of the rental data.

Use of alternative data in traditional credit scoring would help consumers access the banking system and lower their cost of credit.

The main difference between SBLI's Accelerated Underwriting life insurance and their traditional Level Term is the lack of an in person visit at home, though you'll still be required to give consent to information regarding your prescription use, MIB (Medical Information Bureau) and MVR (Motor Vehicle Records) history, and also a review of any available public data from the FCRA (Fair Credit Reporting Agency).

The analysis found that the use of trended credit data — an indicator of behavior beyond the traditional credit report — could boost mortgage loan approvals by 267,000 and home equity line of credit (HELOC) approvals by 65,000.

Trended credit data, which includes up to two years of payment records containing information such as actual payments and past balances, has afforded applicants determined ineligible through traditional assessment methods the opportunity to obtain credit.