Regression Models in Loan Origination
Competitiveness in lending is predicated on decisioning speed - Saying Yes or No as fast as possible. Whilst there is a lot of work going on to automate workflows the ROI of these investments is dependent on the intelligence of the underlying risk engines. This means having a granular understanding on the relationship between the inputs and the outputs. The finer grained this is, the less data is required, making the application and decisioning processes faster.