Patent ID: 7882027
Filing Date: 2011-02-01
Classification: G06Q

Abstract:
1. A method to predict an account default for an identified consumer, said method comprising: making, by a computer based system for predicting said account default comprising a processor and a tangible, non-transitory memory, a request for an account default prediction; and receiving, by said computer based system, said account default prediction, wherein said account default prediction is made by a method comprising: calculating, by said computer based system, a second lender default risk factor based upon said third consumer default risk factor and said fourth consumer default risk factor; receiving, by said computer based system, a request from said identified consumer for an account; determining, by said computer based system, that said identified consumer is associated with at least one: said first lender and said second lender; determining, by said computer based system, said account default prediction based upon said association of said identified consumer with at least one: said first lender and said second lender determining, by said computer based system, first insufficiencies with said first loan data; determining, by said computer based system, second insufficiencies with said second loan data; determining, by said computer based system, third insufficiencies with said third loan data; determining, by said computer based system, fourth insufficiencies with said fourth loan data; grouping, by said computer based system, said first insufficiencies and said second insufficiencies to create first lender insufficiencies; grouping, by said computer based system, said third insufficiencies and said fourth insufficiencies to create second lender insufficiencies; ranking, by said computer based system, said first lender and said second lender based on said first lender insufficiencies and said second lender insufficiencies to create an insufficiency ranking; creating, by said computer based system, a final risk index based upon said default risk factor ranking and said insufficiency ranking; and wherein said determining said account default prediction further comprises using said final risk index.