RiskView Scores

See Opportunity
Where Others See Only Risk

RiskView™ Optics and RiskView™ Spectrum enable enterprises to approve more applicants while reducing loss exposure across every consumer segment – no-hit to thick-file, sub-prime to super-prime – by completing the picture of consumer creditworthiness.

LexisNexis® RiskView™ Optics and RiskView™ Spectrum

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The Essential Alternative Scores for Consumer Creditworthiness

The competing demands placed on credit risk professionals seem to present an insurmountable challenge to growth. How can lenders extend more competitive offers to a wider range of applicants—prime-to-subprime and thick-file to no-file—without increasing risk exposure or adopting bleeding-edge innovations? Traditional credit data, which no longer captures a full picture of the consumer, is not the answer. It overlooks growth opportunities from credit invisibles who display positive credit patterns, often underestimates the creditworthiness of subprime to near-prime consumers, and struggles to distinguish critical differences in credit risk among prime to super-prime consumers.

The secret to more competitive and profitable lending decisions is obtaining a more comprehensive view into applicant creditworthiness. To execute risk-based pricing strategies across a wide consumer base, organizations need the broader risk visibility attainable through alternative credit data.

In response to increasingly dynamic market conditions, LexisNexis® Risk Solutions has developed two alternative credit scores — RiskView™ Optics and RiskView™ Spectrum - which combine alternative credit behavior insights and life event insights to deliver to deliver truly transformational credit risk assessments. 

These scores – designed to augment and enhance the traditional credit solutions in your existing account opening processes -  complete lenders’ view into creditworthiness to enhance decisions in every consumer segment.

The result of years of innovation and research, these scores combine the data and intellectual property of two alternative data market leaders – LexisNexis Risk Solutions and ID Analytics® -  to take predictive performance, scorable rates and compliance standards to a whole new level.

Benefits

Gain an unprecedented view into consumer creditworthiness

RiskView Optics and RiskView Spectrum are three-digit FCRA-compliant credit scores that deliver a more predictive assessment with less correlation to existing tools on a higher percentage of new applications. RiskView Optics is driven by a combination of non-credit life events and alternative credit inquiry data, while RiskView Spectrum utilizes these insights in combination with traditional credit data.

Unlock financial inclusion

RiskView Optics and RiskView Spectrum typically score over 90% of applicants without a traditional credit score, and with a degree of predictive strength unheard of in the evaluation of credit invisibles.

Issue more competitive—and profitable—offers to prime consumers

RiskView Optics and RiskView Spectrum are able to find signification portions of near-prime and prime applications who are under- or over-estimated by traditional credit scores alone. As a result, lenders can craft precision offers that maximize acceptance rates while reducing risk exposure.

Clarify approval decisions by separating risk on the margin

Both scores deliver clear risk separation of consumers on critical decision margins, enabling lenders to boost approval rates without increasing loss rates.

Built with the demands of modern model governance in-mind

No credit score can add value if it is unable to stand up to the rigors of modern-day compliance and regulatory scrutiny. RiskView Optics and RIskView Spectrum are purpose-built with these demands in mind, including rigorous policies on data accuracy and detailed on-demand model documentation backed by the support of robust consumer disclosure and investigation processes.

Features

RiskView Optics and RiskView Spectrum deliver powerful credit assessments for nearly every U.S. consumer that can be integrated with traditional credit scores to uncover hidden opportunities and overlooked risks.  RiskView Optics and RiskView Spectrum:

  • Offer three-digit FCRA-compliant credit scores
  • Combine alternative credit inquiries and non-credit event insights; RiskView Spectrum™ adds tradeline data
  • Provide critical insights that unlock refined credit decisions across the credit spectrum – from sub-prime to super-prime
  • Evaluate 90% of “credit invisible” consumers without a traditional credit score
  • Support a robust FCRA consumer disclosure and reinvestigation process

Want to know more? Call 408.200.5755.

More Information

RiskView Optics and RiskView Spectrum Sales Sheet

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RiskView™ is a consumer reporting agency product provided by LexisNexis Risk Solutions Bureau LLC and may only be accessed in compliance with the Fair Credit Reporting Act, 15 U.S.C. 1681, et seq.

Due to the nature of the origin of public record information, the public records and commercially available data sources used in reports may contain errors. Source data is sometimes reported or entered inaccurately, processed poorly or incorrectly, and is generally not free from defect. This product or service aggregates and reports data, as provided by the public records and commercially available data sources, and is not the source of the data, nor is it a comprehensive compilation of the data. Before relying on any data, it should be independently verified.