The Credit Scorecard Management Practical Guide, developed by FICO, provides the information necessary to implement a credit scorecard for lenders that want a more comprehensive credit scoring plan. The current credit climate speaks directly to the need for enhanced scoring management. Whether scoring and tracking is automated or manual, this guide will assist you in properly installing a scorecard or in gaining a better understanding of the processes that you may already have in place.
What’s Inside
This practical guide outlines the process of preparing for the implementation of your scorecard, addresses the importance of assigning a credit scoring manager, and identifies the major task areas where special expertise is needed. While much of this guide is targeted toward new users of credit scoring, experienced users will find the Setting Credit Policies and Tracking chapters of particular interest. If your credit scoring and scorecard tracking process is automated, you can use this guide to get a more thorough understanding of these processes. Additionally, the guide provides detailed descriptions of manual scoring and tracking for those users who are not fully automated.
Users will benefit from this guide by gaining the ability to:
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Set credit and scoring policies to achieve desired portfolio goals
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Plan for changes in operation to best accommodate scorecard implementation including workflow, staff, branch involvement and the use of automation
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Assess training needs and design a training program that addresses all staff levels
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Produce and interpret reports to track performance and use of the scorecard over time
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Validate and manage scorecards
Target Audience
Practical Guide Contents
Chapter 1 Introduction
Chapter 2 Setting Credit Policies
Chapter 3 Planning Scoring Procedures
Chapter 4 Training
Chapter 5 Tracking
Chapter 6 Validating the Scorecard
