American CREDCO introduces EXPRESS
PCR™ - the fast, dependable solution when you can’t wait weeks for
portfolio batch credit scoring. EXPRESS PCR makes it simple to quickly
evaluate a portfolio in terms of credit scores. Loan portfolio managers,
underwriters and senior managers will appreciate how EXPRESS PCR helps
meet corporate growth and return goals, manage portfolio delinquency, and
forecast portfolio profitability. Also, before you sell a loan portfolio
EXPRESS PCR can help you to determine a favorable price, or to meet a
specific buyer's criteria.
Fast Batch ScoringWith EXPRESS PCR, First
American customers get fast batch scoring for any size loan portfolio. Your
file will be processed and have scores appended in days instead of the weeks
you usually have to wait with a credit repository. Smaller portfolios can
get the same attention as high-volume users.
Internally, EXPRESS PCR will
provide a portfolio review tool to facilitate assessing risk-based lending
programs, adjust underwriting or servicing criteria or analyze changes in
scoring model performance. A summary of the overall results provides an
immediate overview for management.
FICO or Bankruptcy
You choose either FICO or bankruptcy
scores. First American CREDCO chooses the best bureau that can provide the
fastest turnaround time. Scores will be appended to your file and returned
with an overall summary of the portfolio scoring results, so that you can
quickly evaluate the portfolio as a whole.
When you use EXPRESS PCR for
portfolios of less than 10,000 records, you'll have the information you need
within 48 hours. Larger portfolios will be returned within 72 hours.
It's easy to order an EXPRESS
PCR Portfolio Credit Review. Simply send us the name, address, and Social
Security Number for each borrower in your portfolio Contact your First
American sales associate for the technical file layout specifications. For an
additional fee, we can also convert your file into our standard format.
Name, address, and SSN for each
· PCR Standard Format
· ASClI file, either Fixed Width or Delimited
· 3.5" diskette, CD., tape, JAZ disk, or electronic file via e-mail
Score Distribution ReportEXPRESS PCR Portfolio Credit Review
comes with a Score Distribution Report for FICO or Bankruptcy scores. Use the
Score Distribution Report to get an overview of the relative risk and value of
the portfolio. The report provides a visual representation of the distribution
of scores, as well as statistics on the total scores delivered, and the average
score of the portfolio. The Score Distribution Report can also give you insight
into the direction to take for more in-depth analysis of the EXPRESS PCR output
Client-chosen Repository Option
Choose a single FICO** or Bankruptcy***
credit risk score.
Only proprietary FICO, Auto FICO, or
Less than 72 hours
Turnaround time 3 to 6 weeks
< 1,000 records in less than 48 hours
Any file size
> 1,000 records in less than 72 hours
||First American CREDCO chooses the best bureau
for fastest turnaround time
||Developed by Fair, Isaac (trade names:
BEACON, FICO, EMPIRICA)
||Developed by MDS/Experian (trade names: EDAS,
Experian Bankruptcy Model, New Delphi)
Put EXPRESS PCR
to work the next time you need a quick, accurate risk assessment.
Product and company names mentioned herein are the property of their respective owners.
You must have account(s) and valid log-in credentials with whichever credit reporting agencies
you intend to access with the Merit Credit Engine software. Merit Credit Systems is a software
provider only, is not affiliated with any credit bureau, and does not act as a provider,
pass-through, or reseller of consumer credit reports.