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PayNet Unveils the Definitive Office Lending Credit Score
Skokie, IL February 16, 2005 - PayNet announces the release of its new Office Score built from
payment behavior history on office small ticket transactions. Developed in partnership with industry leader PredictiveMetrics,
this empirically derived and statistically sound score is built from the largest pool of office related transactions in the industry.
By utilizing historical office specific performance data to predict the future credit risk of borrowers produces results that are
more accurate, facilitating better decisions and improving overall performance results for the office lessor or lender.
Office Score drives profits by providing the capability to quickly and definitively assess
a new or existing account for superior financial performance:
$ Increase Volume: Small ticket, high volume lenders profit by increasing originations through
automating the majority of your decisions. Office Score quickly and accurately identifies risk to confidently drive higher auto-decision rates.
$ Optimize Resources: Equipment lenders shorten turn around time and cut costs by using
Office Score in
their auto-decision process for most applications.
$ Better Decisioning: The score is derived from statistics analyzing and weighting
hundreds of variables to find the most predictive data to improve the accuracy of your office credit specific decisions.
$ Cost-Effective: Leverages PayNet’s office and other equipment data,
which is the largest pool of comparable payment history in the country on office related leases and loans.
$ Minimize IT Resources: No software required. Easily access the scores through an encrypted
FTP Internet process.
Office Score is designed to automate front and back-end office equipment leasing decisions.
The model is based on actual office equipment leasing performance and predicts the likelihood that a new account will go
90+ days delinquent or to loss within 18 months of underwriting. Office Score provides a consistent
decision process that allows trained credit analysts to focus their time on the more difficult credits not easily decided by
credit scoring, including firms with limited history or unique financing.
Not surprisingly, this model’s performance statistics outperforms those of commercial scores that don’t focus specifically
on office equipment because it is tailored to the unique needs of office equipment lenders" says Michael Banasiak of PredictiveMetrics.
Rather than relying on this, PayNet invites qualified potential users to request a free retro/historical analysis of how
Office Score actually performs on your own portfolio. Put facts to work in your office lending business.
Reduce your losses, approve more deals, approve them faster and be the first lender back with an approval, so you get to book the business.
For additional information contact us at 866-825-3400 or email: OfficeScore@paynetonline.com.
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