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.

Alternative Credit Data Is Nothing New

With all the news lately around alternative credit scores, you might think the use of alternative credit data  is a new concept in consumer credit metrics. Surprisingly, this is not the case. In fact, the alternative credit space was pioneered …

‘Fueling’ Auto Lending in 2015

The latest stats are in: auto sales experienced a major comeback in 2014. According to industry experts,1 this was driven in part by pent-up demand delayed by the recession, and also by falling gas prices. Autodata reported that the …

CFPB to Review Checking Account Access

CFPB Director Richard Cordray’s recent comments about the methods banks are using to screen consumers and evaluate risk in the checking account space1 has caught the attention of the industry. While we’re all aware of the financial realities of

Improving Credit Risk Insight

Booking new customers isn’t easy. Negotiating price and evaluating an individual borrower’s loan quality as they sit and wait is a real challenge. Never mind the added pressure of complying with applicable regulations and the financial risks associated with approving …

Handset Financing: Minimizing Risk, Maximizing Opportunities

As the wireless industry rapidly moves toward a different economic model, companies are exploring the use of financial partners to offload the risk of handset costs. Post-paid subsidized phones are still a customer favorite, but are not feasible for the …