Meet the author

Lenders are looking for ways to automate document-driven lending processes to make them more efficient. Doing so allows them to accurately process more loan applications in less time, while providing a better experience for their customers. However, lenders might not be aware that they can also use automation for credit scoring in credit risk modeling. Accurate credit risk modeling is essential for understanding how likely a particular loan is to be repaid and, in turn, how that repayment or default will affect the lender’s own financial position. Here’s a look at the current state of credit risk modeling, how lenders…