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With the growing concern about personal bankruptcy and quality of consumer lending, an effective credit scoring system is crucial to efficient and profitable lending practices. Featuring essays from seven experts in the risk management and banking/financial institution lending environment, this unique book offers valuable insights and proven techniques for developing effective credit scoring systems. It provides indepth coverage of the roles of credit scoring, generic vs. customized scoring models, credit bureau data, scorecard development, performance measures, neural networks, project management, scorecard monitoring reports, how to use a scorecard to a lender`s best advantage and much more.Benefits: The essays provide indepth coverage of the roles of credit scoring, generic vs. customized scoring models, credit bureau data, scorecard development, performance measures, project management, scorecard monitoring reports, and much more.An entire chapter is devoted to illustrating how to use a scorecard to a lender`s best advantage.Table of Contents: I. INTRODUCTION1. The Role of Credit Scores in Consumer Lending Today2. Generic and Customized Scoring Models: A Comparison3. Credit Bureau Data: The Foundation for Decision MakingII. MODEL DEVELOPMENT AND VALIDATION4. Scorecard Development5. Variable Analysis and Reduction6. Scorecard Performance Measures7. Understanding the KS Statistic8. Score Based Loss Forecasting Models9. Impact of Indeterminate Performance Exclusions on Credit Score Model Development10. Credit Scoring and the Fair Lending Issue of Disparate ImpactIII. SCORE IMPLEMENTATION, MONITORING, AND MANAGEMENT11. How to Successfully Manage a Credit Score Development Project12. Scorecard Policies: How to Use Your Scorecard to Your Best Advantage13. Scorecard Monitoring Reports14. Credit Scoring and Risk Based Pricing: An Income Statement Approach.About the AuthorElizabeth Mays is the Director of the Retail Risk Modeling and Analytics Division for Bank One. She is a coauthor of Interest Rate Risk Models: Theory and Practice (Glenlake Publishing, 1996), and is the author of Credit risk Modeling: Design and Applications (Glenlake Publishing 1999).
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