Patent Document ID: 7877323
Application ID: 12058355
Patent Flag: 1

Claim One:
1. An account default prediction method comprising: obtaining, by a computer based system for account default prediction, a first consumer default risk factor associated with a first consumer; acquiring, by said computer based system, first student loan data associated with said first consumer, wherein said first student loan data is associated with a first lender; obtaining, by said computer based system, a second consumer default risk factor associated with a second consumer; acquiring second student loan data associated with a second consumer, wherein said second student loan data is associated with said first lender; calculating, by said computer based system, a first lender default risk factor based upon said first consumer default risk factor and said second consumer default risk factor; obtaining, by said computer based system, a third consumer default risk factor associated with a third consumer; acquiring, by said computer based system, third student loan data associated with said third consumer, wherein said third student loan data is associated with a second lender; obtaining, by said computer based system, a fourth consumer default risk factor associated with a fourth consumer; acquiring, by said computer based system, fourth student loan data associated with a fourth consumer, wherein said fourth student loan data is associated with said second lender; 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; ranking, by said computer based system, said first lender and said second lender based on said first lender default risk factor and said second lender default risk factor to create a default risk factor ranking receiving, by said computer based system, a request from a fifth consumer for an account; determining, by said computer based system, that said fifth 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 fifth consumer with at least one: said first lender and said second lender; determining, by said computer based system, first insufficiencies with said first student loan data; determining, by said computer based system, second insufficiencies with said second student loan data; determining, by said computer based system, third insufficiencies with said third student loan data; determining, by said computer based system, fourth insufficiencies with said fourth student 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 step of determining said account default prediction further comprises using said final risk index.