What's New in Decision Manager 2011.4?
New Risk Models
| • | Equifax FACTA Pinnacle 2.0 |
New Variables
The following new variables are available for use in matrices and custom rules. Complete definitions for all variables can be found in the Appendix.
| • | Total Revolving Balance - Excluding HELOCs |
| • | Housing Rental Trade Count |
| • | Monthly Housing Rental Payments - from Trades |
| • | Housing Rental Trade Count - Open/Rptd Last 6 Mos |
| • | Total Revolving Balance - Excluding HELOCs and Student Loans |
| • | Auto Trades where Max Delq in Last 3 Mos is Minor Derog |
| • | Auto Trades where Max Delq in Last 6 Mos is Minor Derog |
| • | Auto Trades where Max Delq in Last 12 Mos is Minor Derog |
| • | Auto Trades where Max Delq in Last 18 Mos is Minor Derog |
| • | Auto Trades where Max Delq in Last 24 Mos is Minor Derog |
| • | Auto Trades where Max Delq in Last 36 Mos is Minor Derog |
| • | Auto Trades where Max Delq in Last 48 Mos is Minor Derog |
| • | Months Since Most Recent Major Derog Occurred - Excluding Public Records |
| • | Months Since Most Recent 30+ Delq/Derog Occurred - Excluding Public Records |
| • | Established Trade Count - Excluding Student Loans |
| • | Trades Ever 30+ Days Past Due |
| • | Trades Ever 60+ Days Past Due |
| • | Auto Trades Ever 30+ Days Past Due |
| • | Submitted By Lender Code |
| • | Submitted By Organization Type |
| • | Lender Total Trade Count |
Correction to CUDL3 and Lending 360 Display for “Decline to Refer” Reasons and “Approve/Refer to Decline” Reasons
| • | Fixed the issue of reasons for “Decline to Refer” custom decision rules not being displayed in CUDL3 or Lending 360. |
| • | Fixed the issue of reasons for “Approve/Refer to Decline” custom decision rules being displayed under Referral Reasons in CUDL3. |
| o | With the fix, reasons for “Approve/Refer to Decline” custom decision rules will be displayed under Underwriting Details > Decision Reasons in CUDL3. |
Other Maintenance
| • | Corrected the score range for TransUnion FICO Classic 04. |
| o | Prior to the correction, we had the range at 350-850 |
| o | Correct score range is 309-839 |
| • | Updated Fast Start scorecard to use 2010 dollars in the gross monthly income characteristic. |
| • | For all models supporting credit score disclosure, updated the score distribution tables and graphs. |
| • | Updated MCE to version 3.5.583. |
Experian Housing Rental Trades
In December 2010, Experian began incorporating positive housing rental data into the credit report. Housing rental trades are reported with:
| • | Account type “29” (rental agreement) |
| • | KOB type “RR” (property management companies) |
As a result, the monthly payment for these trades is included in our calculation of “Total Monthly Non-Mortgage Payments” and in-turn used in the Debt-to-Income calculations. We are not changing our system debt calculations, but we have added several variables to identify the prevalence of this data.
| • | Housing Rental Trade Count |
| • | Housing Rental Trade Count - Open/Rptd Last 6 Mos |
| • | Monthly Housing Rental Payments - from Trades |
Page url:
https://decision.cudl.com/help/index.html?2011_4.htm
