It was nice to find out who does what and how people set and employ different strategies. Nancy Carr from Royal Bank, Elizabeth Heath from Michigan national Bank and Kate Bauer from Michigan Ntional Bank get their toes wet. Watch for an announcement coming soon. Fast, powerful and affordable To use this service, lenders send Experian their customer masterfile data on a daily basis. Experian processes the data through the Portfolio Management Package system and electronically delivers the results and decisioning in less than 24 hours.
Lenders can change strategy parameters through a simple overnight process.
Experian consultants evaluate each portfolio's results using a comprehensive reporting package, which includes roll rate analysis, delinquency movement and loss exposure. Future customization potential Because Portfolio Management Package is such a flexible tool, it can be adapted to create custom scorecards or even a custom software system. For example, a lender using Portfolio Management Package may want to further refine its system through some customization. Experian can develop a customized scorecard based on data relative to the lender s specific industry.