Estimating Auto Fraud Lending Losses in the United States
Auto Lending fraud and risk losses are on the rise in the US. The numbers are out and they are not good. Last quarter uncollectible auto loans soared to over $1.1 Billion dollars and delinquencies on subprime loans hit their highest level since the worst recession in US history. More concerning is that the […]
PointPredictive is growing and looking for data scientists to join the team
PointPredictive Inc. is looking for data scientists to join our rapidly growing fraud and risk analytics team in sunny San Diego California. At PointPredictive you will work with us solving complex fraud and risk problems for the financial services industry on emerging and growing areas of fraud risk. What our Data Scientist Do At PointPredictive […]
The Hidden Risk of Auto Lending Fraud Exposed
Auto lending fraud doesn’t get a lot of attention. You don’t read about it daily. It doesn’t make front page news. In fact most people probably don’t even know what it means. Well, the same was true of the mortgage industry 10 years ago and we learned some valuable lessons. Auto Lending fraud will become […]
PointPredictive Launches DealerTrace
PointPredictive, Inc. today launched DealerTrace™, a comprehensive analytic solution designed to address auto-lending fraud and compliance risks. DealerTrace helps auto finance lenders manage applicant risks, including early payment default and fraud, and the risk of their dealer relationships. Auto lending fraud occurs when information on an auto loan application is intentionally misrepresented by the borrower, […]
Modeling Updates from PointPredictive
We’ve Been Busy With Some Cool New Analytic Products We’ve been heads down busy at PointPredictive the last couple of months launching new solutions for new markets and things have been progressing nicely. Our focus has always been to launch new analytic solutions to serve markets that need it. In particular we’re focused on delivering […]
Making it Smart and Making Customers Happy in the Process
Having just completed another successful project in record time we were thrilled when our client described our work, exactly as we would have hoped they would when we started the project. – “Point Predictive more than met our expectations..”, “their team was available, responsive and really did an exceptional job of bringing their significant expertise […]
Deep Learning Presents Exciting Opportunities to Advance Analytics for Business
One of the most exciting recent developments in the area of predictive analytics is called deep learning. Having already advanced the state of the art in many areas such as image recognition, deep learning is now poised to deliver cutting edge results for business application clients in the real estate, mortgage, and auto lending industries. […]
5 Things that Make a Real Difference in Risk Modeling
Having recently completed another risk model this week, I was reflecting on some of the things that factor into building a model. And not just a good model, but a great model that can transform the way our customers do business. I realized that 5 things were really important. Understand the Data – I mean […]
Mortgage Fraud Technology Time!
I was invited to speak at the MBA National Mortgage Fraud Issues Conference in Los Angeles this week and it looks to be an exceptional event. I’m always excited to speak about the future of fraud prevention, particularly when it comes to the mortgage industry. I believe this industry will be shaped by the technology […]
Hello Greg Gancarz!
Today’s a pretty exciting day for us. Another super talented scientist, Greg Gancarz, has joined PointPredictive and he will lead our day to day analytic efforts and help us innovate for our customers. Greg, originally from Massachusetts and an MIT and Boston University graduate, is no stranger to building advanced models on massive data sets. He’s spent the last […]
