Does your credit union use custom scorecards? If not, you could be missing big opportunities and taking unnecessary risks.
Custom scorecards lead to more efficient decisions by providing more granularity to target applications with a lower risk profile specific for your credit union. With custom risk scores, lenders can enter riskier segments but still decline the applicants of this population that lead to delinquency and a higher likelihood of loss. Besides increased efficiency in auto-decisioning and more opportunities for profit through better pricing, additional benefits of custom scorecards include reduced effort for system administration and improved reporting.
If your credit union wants to learn more about custom scorecards and their associated benefits, this is a webinar you can’t afford to miss.