Probability of Default (PD) Model
Sageworks developed a proprietary credit risk model that uses the probability of default to assess the creditworthiness of a private company. The global model incorporates financials from the owner or guarantor, providing a more comprehensive analysis of default risk for combined relationships. With this model, banks and credit unions can generate a default risk report for the borrower or use the PD as an objective risk rating. Download Product Overview
- Pre-screen borrowers before completing a full credit analysis
- Compare the borrower’s PD to its broader industry
- Justify loan and risk rating decisions with more objective, data-driven analysis
- Save time with automated documentation
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Credit Risk Readiness: One Decade After the Recession
Join Linda Keith CPA, credit risk consultant and trainer, as she walks through the actionable insights gleaned from interviews across the country and the 2018 Credit Risk Readiness Study.