Credit Modeling in the Age of AI
Traditional credit models rely on a limited number of credit attributes and linear regression techniques which often result in limited predictive power and higher default rates.
Utilizing historical data coupled with underwriter feedback on previous model variance cases, we have developed a unified AI platform for decisioning and pricing loans across all channels, which has achieved significant improvement in accuracy.
Custom Non Linear Models
Our proprietary algorithms take a more sophisticated approach by evaluating thousands of applicant details, the past performance of your loans, and the expertise of your underwriters. We knew that in addition to being non-linear, our models needed to be dynamic so that they continue to learn after they are deployed. This learning happens through a continuous feedback loop from loan outcomes as well as underwriter evaluation.
Like humans, our models never stop learning, they continuously optimize themselves. This is the definition of modern artificial intelligence, not algorithms that think, but algorithms that learn and evolve.
Get started with Underwrite
Gather your data
You send us:
- Loan tape
- Application tape
Custom model delivered
We use your (anonymized) data to construct a custom model and share an initial data study showing loss reduction rate and comparing outcomes.
Try it free for 30 days
From there we encourage you to connect to your loan origination system and try the platform free for the first month. Get in touch to request a secure transfer link or schedule a call to learn more.
What you get back?
We deliver a data study showing the performance of the UAI model, showing loss reduction rate and comparing outcomes to your legacy loans.
We build and deploy a custom model for your team at no charge ready to use for 30 days. If you still want to use the platform after the first month you pay as you go per application.
Chained Models
Underwrite.ai is unique in that previous models were machine learning models where our approach develops a true artificial intelligence model which effectively replicates the process of the skilled human underwriter.
The platform itself is an ensemble of machine learning ensembles. Working with your historical data we can chain together the below optional models based on your business needs and preferences:
- Score: The first model scores all applications
- Decision: Based on the predictive score we divide into Approve and Deny/Refer buckets
- Pricing: Approved applications are assigned a price
- Explanation: An explanation is provided for denied applications
Explore our resources about the use of artificial intelligence in financial services
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Start for Free Today
Get in touch to set up your custom model and experience underwrite.ai free of charge for 30 days.