How does FICO Mortgage Portfolio Optimization work?
FICO Mortgage Portfolio Optimization is an advanced analytic solution that is customized on FICO’s decision-optimization software platform to meet the specific needs of the servicer. First, FICO works with the servicer to build an analytic model that incorporates action-effect models, FICO analytics, and the servicer’s own analytics. Next, the model is imported into the servicer’s system where net present value of a target portfolio is calculated and the best client action is determined under any identified constraints. The model is then deployed to FICOTM Blaze Advisor® software platform, offers are extended to the servicer’s customers, and the effectiveness of the strategy is assessed so it can be adapted and implemented again.
