Systems and methods for credit management risk rating and approval

US8150765B1 · kind B1 · utility

Assignee

• The PNC Financial Services Group, Inc. · US

Inventors

• Cynthia Barie · Dorpsstraat, US
• Douglas Wicker · Dorpsstraat, US
• Michael Harrington · Wexford, US
• Alan McCrum · Bethel Park, US
• Holly Kuhs · McKeesport, US
• Bobbie Zielonka · Pittsburgh, US
• Berenice Huffner · Morganville, US

Key dates

• Filing date: Aug 23, 2010
• Grant date: Apr 3, 2012
• Expiry date: Aug 23, 2030

Classification

• Technology area (CPC G): Physics
• CPC primary: G06Q40/03
• WIPO field: IT methods for management
• WIPO sector: Electrical engineering

Abstract

A method for one of approving and denying a credit offering to a borrower is disclosed. The method includes calculating a probability of default rating of the borrower and calculating a loss given default rating for the borrower. The method also includes integrating the probability of default rating and the loss given default rating with other information relating to the credit offering to produce a credit memorandum and automatically outputting the credit memorandum to a user so that the user can recommend one of approval and denial of the credit offering.