Chapter 18: DataX
IN THIS LESSON
What is it?
ProspectX predicts the likelihood of a consumer being in the market for a specialty finance loan.
Product Description
ProspectX assigns a three-digit score (1-999) to a consumer, indicating the relative likelihood that a consumer will accept a specialty finance offer. The three-digit score is based on the consumer’s credit file attributes and trended data.
ProspectX is available as a standalone product offline or in combination with other products, such as traditional prescreen projects.
Validations show ProspectX adds a predictive lift above traditional prescreen measures. ProspectX is not a broad-based risk measure and SHOULD NOT be used in isolations without a baseline measure of risk.
