Methods and Systems for Score Consistency

Abstract

Provided are methods and systems for determining score consistency.

1 . A method for determining score consistency, comprising:
 a. generating a first score for each of a plurality of entities using a first scoring algorithm;   b. generating a second score for each of the plurality of entities using the first scoring algorithm;   c. assigning each of the plurality of entities to one of a first plurality of risk groups based on the first score and one of a second plurality of risk groups based on the second score, wherein the first and second pluralities of risk groups have corresponding risk groups;   d. determining a first score consistency value based on the number of entities in each of the corresponding risk groups in the first and second pluralities of risk groups; and   e. outputting the first score consistency value.   
     
     
         2 . The method of  claim 1 , wherein the plurality of entities is a plurality of consumers. 
     
     
         3 . The method of  claim 1 , wherein assigning each of the plurality of entities to one of a first plurality of risk groups based on the first score and one of a second plurality of risk groups based on the second score wherein the first and second pluralities of risk groups have corresponding risk groups comprises:
 ranking the plurality of entities by first score, resulting in a first ranked list;   ranking the plurality of entities by second score, resulting in a second ranked list;   dividing the first ranked list into a first portion and a second portion, wherein the first portion represents a first risk group and the second portion represents a second risk group of the first plurality of risk groups; and   dividing the second ranked list into a first portion and a second portion, wherein the first portion represents the first risk group and the second portion represents the second risk group of the second plurality of risk groups.   
     
     
         4 . The method of  claim 3 , wherein determining a first score consistency value based on the number of entities in each of the corresponding risk groups in the first and second pluralities of risk groups comprises:
 determining the total number of entities assigned to corresponding risk groups in the first and second pluralities of risk groups; and   dividing the total number of entities assigned to corresponding risk groups in the first and second pluralities of risk groups by the number of the plurality of entities, resulting in the first score consistency value.   
     
     
         5 . The method of  claim 4 , wherein determining the total number of entities assigned to corresponding risk groups in the first and second pluralities of risk groups comprises:
 identifying entities located in both the first portion of the first ranked list and the first portion of the second ranked list; and   identifying entities located in both the second portion of the first ranked list and the second portion of the second ranked list.   
     
     
         6 . The method of  claim 1 , wherein outputting the first score consistency value comprises displaying the first score consistency value on a display device. 
     
     
         7 . The method of  claim 1 , further comprising repeating a-e using a second scoring algorithm to generate a second scoring consistency value. 
     
     
         8 . The method of  claim 7 , further comprising comparing the first and second scoring consistency values to determine which scoring algorithm provides more consistent scores. 
     
     
         9 . The method of  claim 1 , wherein the first score and the second score are obtained from a first credit reporting company. 
     
     
         10 . The method of  claim 1 , wherein the first score is obtained from a first credit reporting company and the second score is obtained from a second credit reporting company. 
     
     
         11 . A method for determining score consistency, comprising:
 generating a first score for each of a plurality of entities using a first scoring algorithm;   generating a second score for each of the plurality of entities using a second scoring algorithm;   assigning each of the plurality of entities to one of a first plurality of risk groups based on the first score and one of a second plurality of risk groups based on the second score wherein the first and second pluralities of risk groups have corresponding risk groups;   determining a number of entities in each of the corresponding risk groups in the first and second pluralities of risk groups;   determining a total number of entities assigned to corresponding risk groups in the first and second pluralities of risk groups;   dividing the total number of entities assigned to corresponding risk groups in the first and second pluralities of risk groups by the number of the plurality of entities, resulting in a score consistency value; and   outputting the score consistency value.   
     
     
         12 . The method of  claim 11 , wherein the plurality of entities is a plurality of consumers. 
     
     
         13 . The method of  claim 11 , wherein assigning each of the plurality of entities to one of a first plurality of risk groups based on the first score and one of a second plurality of risk groups based on the second score wherein the first and second pluralities of risk groups have corresponding risk groups comprises:
 ranking the plurality of entities by first score, resulting in a first ranked list;   ranking the plurality of entities by second score, resulting in a second ranked list;   dividing the first ranked list into a first portion and a second portion, wherein the first portion represents a first risk group and the second portion represents a second risk group of the first plurality of risk groups; and   dividing the second ranked list into a first portion and a second portion, wherein the first portion represents the first risk group and the second portion represents the second risk group of the second plurality of risk groups.   
     
     
         14 . The method of  claim 11 , wherein determining the total number of entities assigned to corresponding risk groups in the first and second pluralities of risk groups comprises:
 identifying entities located in both the first portion of the first ranked list and the first portion of the second ranked list; and   identifying entities located in both the second portion of the first ranked list and the second portion of the second ranked list.   
     
     
         15 . The method of  claim 11 , wherein outputting the score consistency value comprises displaying the score consistency value on a display device. 
     
     
         16 . The method of  claim 11 , wherein the first score and the second score are obtained from a first credit reporting company. 
     
     
         17 . The method of  claim 11 , wherein the first score is obtained from a first credit reporting company and the second score is obtained from a second credit reporting company. 
     
     
         18 . A system for determining score consistency, comprising:
 a memory configured for storing scoring consistency data; and   a processor, configured for performing steps comprising
 a. generating a first score for each of a plurality of entities using a first scoring algorithm; 
 b. generating a second score for each of the plurality of entities using the first scoring algorithm; 
 c. assigning each of the plurality of entities to one of a first plurality of risk groups based on the first score and one of a second plurality of risk groups based on the second score wherein the first and second pluralities of risk groups have corresponding risk groups; 
 d. determining a first score consistency value based on the number of entities in each of the corresponding risk groups in the first and second pluralities of risk groups; and 
 e. outputting the first score consistency value. 
   
     
     
         19 . The system of  claim 18 , further comprising repeating a-e using a second scoring algorithm to generate a second scoring consistency value. 
     
     
         20 . A computer readable medium having computer executable instructions embodied thereon for determining score consistency, comprising:
 a. generating a first score for each of a plurality of entities using a first scoring algorithm;   b. generating a second score for each of the plurality of entities using the first scoring algorithm;   c. assigning each of the plurality of entities to one of a first plurality of risk groups based on the first score and one of a second plurality of risk groups based on the second score wherein the first and second pluralities of risk groups have corresponding risk groups;   d. determining a first score consistency value based on the number of entities in each of the corresponding risk groups in the first and second pluralities of risk groups; and   e. outputting the first score consistency value.