Correctly predicting default usually requires years of personnel experience and training. Hence, as an organization grows, it becomes more difficult and costly to assess all loan applications, as scalability implies adding new experienced human resources and training them adequately.
LogicPlum allows organizations to use historical default information to create models that can predict the likelihood of default for a loan candidate at the time of a loan application. This capability of the LogicPlum’s platform helps companies to expand their business and to create a speedy loan-approval process.
LogicPlum provides the right environment to quickly and easily create and deploy default-risk predictive models that automate risk estimation.