The Edgeware Challenge

We'll Prove The Value To You

Edgeware is so confident that our ScoreEdge™ product will add measurable profit lift to your bottom line that we’ll perform a blind test. The Edgeware Challenge will use your historical loan data, profitability assumptions and loan performance, to prove how much ScoreEdge could have added to your bottom line. We can think of no better way for lenders to evaluate our models.

A Hard Value Proposition

Think of the Edgeware challenge as a blind test on your historical loans. We will score each of your loans using the same information that you had at origination. We return to you each loan’s score along with our approval recommendations.

After we score your loans and report the results and recommended actions – and only after – you provide Edgeware with the actual loan performance data.
 
Following The Edgeware Challenge you’ll be able to answer these questions: If you had ScoreEdge at origination-time which loans would have been recommended for rejection or additional scrutiny?  And which of these were charged-off and which were profitable loans?  You will see, in concrete dollars, exactly how ScoreEdge could have affected your bottom-line.

The Edgeware Challenge allows you use a rare but powerful tool – hindsight – to evaluate the ScoreEdge model.





Just 4 Simple Steps

The Edgeware Challenge is completely free. The process is simple, only involving four risk-free steps...

Step 1
Provide Edgeware with your historical origination data and key profitability assumptions

Step 2
Edgeware scores each loan and presents a customized scoring report with recommended action

Step 3
You share the actual loan performance data – only after receiving the scoring result

Step 4
Work with Edgeware to understand the impact to you bottom line

Step 1 - Provide Edgeware with your historical origination data and key              profitability assumptions

Provide us with your actual historical origination data. By providing us with the same information that you had at origination, we can show you exactly how our product would have scored your loan had you been using it. The larger the data set, the more statistically significant the results. At the same time, you’ll share some key profitability assumptions such as: the financial impact of performing vs. non-performing loans.  It is critical that no specific loan performance data be shared at this time. 

Step 2 - Edgeware scores each loan and presents a customized scoring              report with recommended action

We score all the loans for you, or if you prefer you can score any loans yourself to see how quick and easy the product is to use. We will then provide you with a summary report showing how your loan applications scored. We also provide a detailed listing of how each individual loan scored. With this report, we explain which loans our model would suggest you auto-reject, accept, or perform additional diligence.

Step 3 - You share the actual loan performance data – only after receiving              the scoring result

It is in this step where lenders see the predictive power of ScoreEdge.  The following questions will be answered:

      Of the loans the model recommended for rejection, how many are classified as non-performing vs. performing?

      Of the loans the model recommended for additional scrutiny, how may are classified as non-performing vs. performing?

      And of the loans the model recommend for approval, how many are classified as performing vs. non-performing?

It is this blind test which lenders can use to apply hindsight to fully appreciate the predictive power of ScoreEdge.

Step 4 - Work with Edgeware to understand the impact to your bottom line

This last step translates the predictive power as evidenced on your actual loans into bottom-line impact.  By understanding some basic profitability assumptions - - such as the impact of avoiding a charge-off loan or of losing a performing loan - - Edgeware will present the bottom line impact ScoreEdge could have delivered had it been in place during the sample originations.
 
How much more could you have profited by using ScoreEdge?