Credit Data and Scoring: The First Triumph of Big Data and Big Algorithms

Description

Review Provides new insights into the ways that data and scores interact to produce diverse results in countries around the world Read more From the Back Cover Credit Data, Credit-Scoring, and the Growing Influence of Big Data and Big Algorithms illuminates the often-hidden practice of predicting an individual’s economic responsibility. Written by a leading practitioner, it examines the international implications of US leadership in credit scoring and what other countries have learned from it in building their own systems. Through its comprehensive contemporary perspective it also explores how algorithms and big data are driving the future of credit scoring. By revealing a new big picture and data comparisons, it delivers useful insights into legal, regulatory, and data manipulation. Read more P.when('A').execute(function(A) { A.on('a:expander:toggle_description:toggle:collapse', function(data) { window.scroll(0, data.expander.$expander[0].offsetTop-100); }); }); About the Author Eric Rosenblatt has worked in the mortgage industry, mainly the credit side, for thirty years, most of it (since 2000) as a Vice President at Fannie Mae. He received a Ph.D. in Finance in 1994. At Fannie Mae he was known for his management of Credit Risk analytics (including credit report models), his correct call of the housing recession, and for what Fannie called Innovation: applications and models which integrated data and made credit, fraud, and home valuation decisions. One of these applications, Collateral Underwriter, is used by all lenders and appraisal management companies. Another is a credit scoring model that treats people that pay their credit card balances (transactors) differently than people that do not (revolvers). While at Fannie Mae he published 19 papers and was granted 13 patents. Read more See more