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Title: Mortgage credit scoring
Author: MacNeill, Ann
Awarding Body: University of Edinburgh
Current Institution: University of Edinburgh
Date of Award: 2000
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The application of credit scoring techniques to assess the credit worthiness of borrowers is a well-established practice in consumer credit. However, the use of credit scoring to provide credit decisions for mortgage loans is a new application of this method of assessment. This thesis is concerned with whether the application of credit scoring to a mortgage loan portfolio affords business benefits. A review of the literature relevant to both credit scoring and mortgage default is presented. Following a review of the literature, the methodology and research design are described. Thereafter this thesis reports the findings of a range of empirical research. Chapter Four reports the findings of the initial industry survey, which examines mortgage credit scoring. Chapter Five reports the findings of the interview programme conducted to augment the survey. Chapter Six describes a case study undertaken, which facilitated the development of a bespoke mortgage scorecard. The development and subsequent performance of the scorecard are examined. Chapter Seven provides the findings of a pilot study in which mortgage lender performance is benchmarked. This principle conclusions of this thesis are; (i) A range of organisational factors require to be controlled if scoring is to afford the risk, process and cost benefits sought by those who adopt it either as an alternative to judgmental evaluation, or to augment such a system. (ii) Subject to those controls being in place, credit scoring can outperform judgmental evaluation in predicting mortgage default.
Supervisor: Not available Sponsor: Not available
Qualification Name: Thesis (Ph.D.) Qualification Level: Doctoral
EThOS ID:  DOI: Not available