System and method for enhancing credit and debt collection

Abstract

A system and method for enhancing assignment of debtor accounts to a plurality of collection parties is presented. The preferred embodiment is capable of optimizing the way by which individual performance entities are assigned to collect on actionable individual debtor accounts by a creditor. An analysis solution uses algorithms to analyze gathered data and to provide a score to each collection party based upon the traits of the individual collection parties, debtor accounts, creditor, externally acquired data, and constraints upon all of the parties involved. The system and method are also capable of enhancing an individual borrower's credit score depending on the risk involved with providing credit to that particular borrower based upon the collectability upon default. One embodiment of the invention would include a risk analysis and compliance assessment system for supply entities to evaluate potential performance entities or other entities.

1 . One or more non-transitory computer-readable media storing computer-executable instructions that, when executed by a processor, perform a method of allocating debt collection accounts among collection parties, the method comprising the steps of:
 receiving an input data file including at least one debt collection account, said debt collection account having at least one account trait;   determining, for a collection party, at least one performance trait for the collection party;   allocating the at least one debt collection account to the collection party based at least in part on the account trait of the debt collection account and the performance trait of the collection party;   receiving a compliance data file including compliance data for the collection party, the compliance data file assessing compliance by the collection party with at least one compliance standard;   based on the compliance data for the collection party and at least one risk rule, generating a risk score for the collection party, the risk score representing a likelihood of compliance violations;   if the risk score for the collection party exceeds a predetermined threshold, generating a reallocation data file reallocating the debt collection account allocated to the collecting party based on at least one intervention rule for reducing the risk score;   reallocating the one debt collection account based on the reallocation data file.