Title:
METHOD AND APPARATUS FOR DETERMINING A PREPAYMENT SCORE FOR AN INDIVIDUAL APPLICANT
Document Type and Number:
WIPO Patent Application WO2002019061
Kind Code:
A3
Abstract:
A method and apparatus is disclosed for determining the prepayment propensity of individual borrowers. Early payment of debt instruments, such as loans and leases, can lead to looses being suffered by lenders. The present invention analyzes the demographics associated with a particular borrower to determine both the individual and group based prepayment propensity. The history of the borrower, the history of the borrower's demographic group, interest rate trends and other factors are then used to calculate a prepayment score that can be used by the lender to determine the propensity of a given borrower to prepay the instrument in question. The score of the individual borrower can be used to estimate the profitability of a debt instrument and allow the lender to make appropriate adjustments prior to issuing the instrument. The individual prepayment scores of a lender's or broker's clients can also be used to rate the lender or broker.
Inventors:
GALPERIN YURI
FISHMAN VLADIMIR
EGINTON WILLIAM A
FISHMAN VLADIMIR
EGINTON WILLIAM A
Application Number:
PCT/US2001/027039
Publication Date:
February 26, 2004
Filing Date:
August 30, 2001
Export Citation:
Assignee:
MARKETSWITCH CORP (US)
International Classes:
G06F19/00; G06Q90/00; G06Q40/00; (IPC1-7): G06F17/60
Foreign References:
| US5699527A | 1997-12-16 | |||
| US5870721A | 1999-02-09 | |||
| US5940812A | 1999-08-17 |
Other References:
See also references of EP 1410134A4
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