Patrick Reemts

Vice President, Credit Risk Solutions for ID Analytics, Patrick Reemts has more than 15 years of experience with credit risk and scoring analytics in the consumer lending space. Previously, he worked for Discover Financial Services, where he launched the industry’s first-ever credit bureau trigger prescreen program with Experian. He helped design and implement Discover’s prospect database and managed marketing, risk data, and score purchases, overseeing credit bureau attributes, score usage, and statistical studies. He designed and built the prospect database for Wells Fargo’s National Home Equity Group and assessed and acquired data, model development, and scoring design. Reemts pioneered the use of FICO’s Strategy-Ware for making large decision-tree and score-based credit decisions for HSBC’s card division. Reemts holds a B.S. from Iowa State University.

A New Approach to Building Credit Risk Models

The alternative data that we use in our credit risk model is constantly evolving to provide the best recommendations to our clients. Recently we’ve improved our approach to the way we build those models to better align our product development …

During the Rush of the Season, Don’t Rush to Judge Millennial Consumers

It’s that time of year when shoppers are out in full force, braving Black Friday crowds and losing work productivity on Cyber Monday. Once the holidays have passed, big sales beckon to those looking for even more deals. Retailers are …

Millennial Credit Risk: 5 Common Myths

In 2015 ID Analytics released a whitepaper titled Millennials: High Risk or Untapped Opportunity, which debunked common myths regarding the millennial generation and consumer behavior. Recently, ID Analytics released a follow-up study examining the potential consequences of millennials’ credit …

College GraduRATES for New Credit Applications

With college graduation season coming to a close, nearly two million1 millennials are preparing to leave the days of studying, sleeping and partying behind to enter the work world. As graduates embark on this new chapter, they may find …

Get Millennials Credit Ready for the New School Year

As millennials head back to college, they will be buying items to get ready for the new school year.  These purchases could include big-ticket items like a computer, smartphone, furniture or a car. To afford these purchases, millennials may need