Leading California Credit Union to Use Data-Driven Models to Enhance the Quality of Its Small Business Loan Portfolio

SAN DIEGO, CA - First U.S. Community Credit Union has selected the ScoreEdge™ small business loan decision solution to improve origination performance, and RiskRate™ small business portfolio score to drive better servicing actions.

ScoreEdge is an online, real-time decision tool that provides greater insight into the risk of loan approvals. Edgeware Analytics developed the statistical model by analyzing hundreds of thousands of SBA and conventional loans and their subsequent performance. ScoreEdge examines the same application-time data available to the loan officer and returns a three digit score that helps predict the loan’s future performance.

RiskRate is a servicing and portfolio management model that delivers an empirical risk score for every loan in the small business portfolio. RiskRate assesses each loan’s payment history along with any reported financials and general loan information including industry and geographic location to yield the powerful RiskRate score.

“I’m excited to incorporate ScoreEdge and RiskRate into our credit process,” said Gordon Gerwig, Business Services Manager for First U.S. Community Credit Union. “We’ve selected Edgeware’s ScoreEdge and RiskRate decision models to give us additional risk insight and another reason to say yes to worthy borrowers.”

“First U.S. Community Credit Union is a recognized leader in the California Credit Union market,” said Mike Rozman, President of Edgeware Analytics. “All of us at Edgeware are excited that First U.S. has chosen us as their decision model provider and we’re proud to support their commitment to credit excellence.”