Model Conversion 1: Plug & Play
This paper is the first in a series designed to aid lenders in implementing a new credit score model.provides an overview of the process of implementing a new credit scoring model.
It outlines a relatively simple process called “Plug & Play,” which may suffice as an implementation procedure for some smaller financial institutions. For institutions with more sophisticate needs, the Plug & Play process can serve as the first step in a more involved implementation process.
Additional steps that build on Plug & Play are detailed in a follow-up white paper, Implementing A New Credit Score in Lender Strategies, available here.