Lease Decision Score
Leasing companies are always in search of ways to improve profitability. Lessors have invested a great deal in improving the front-end application process, to improve front-end credit decisions and automate the approval process. The question is not “Do I use scoring?" but "Which score should I use?".
PredictiveMetrics (PMI) and Experian developed Lease Decision Score as an answer to the growing need in the marketplace for industry specific semi-custom and custom credit scoring models. Lease Decision Score is a suite of decision tools based on lease performance data from several major leasing companies combined with commercial and/or consumer data providing greater predictions for the small business marketplace. A model based on actual leasing performance data is a better predictor of risk that a model developed for other purposes. This is proven through champion challenger tests.
Lease Decision Score allows lessors to make statistically sound and confident decisions during the application process and quickly decide if an applicant should be converted to a customer, thereby improving the overall credit quality of the portfolio. Lease Decision Score allows the lessor to determine the acceptable decision criteria and customize the decision based on their own needs and comfort level. The power of PMI’s statistical modeling coupled with actual lease performance and bureau data from Experian, yields highly predictive results. The models accurately predict lessee performance within 24 months of underwriting for transactions up to $100,000.
These scores are easy to access through the Internet, CPU, and Batch. Lease Decision Score offers the unique advantage of being able to optimally score up to two business owners simultaneously helping determine creditworthiness more precisely. These scores offer lessors the added benefit of scoring across the customer life cycle, from targeting and acquiring new business, through managing portfolios for maximum profitability.
With a combination of Experian's multiple databases and the statistical modeling expertise of PMI, the leasing community will now be able to make quick, knowledge-based decisions. Lease Decision Score provides a dedicated focus to the leasing community’s analytical needs.
Benefits of Lease Decision Score
- Superior solutions: 2 models providing scoring with commercial and consumer data
- More opportunity: Representing through-the-door leases
- Better decisions: Providing scores for most, if not, all inquiries
- Easy access: Offering many platforms to access scores and reports
- Industry specific: Designed for lease/financing companies
For more information view our:
COMMERCIAL LEASE DECISION SCORE BROCHURE
SMALL BUSINESS LEASE DECISION SCORE BROCHURE
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