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Orion Develops QuickScoreTM Product
In 2005, Orion created a custom scorecard to evaluate application and consumer credit report information to screen commercial credit requests and determine appropriate pricing based on risk level. This proprietary scoring product is called QuickScoreTM.
In 2007, to further enhance the scoring process and increase approval ratios, Orion enhanced QuickScoreTM by including the Fair Isaac SBSSTM scorecard using their LiquidCreditTM interface. Orion also integrated PayNetTM data and scores into the model, in addition to introducing industry type and geographic location as credit variables.
Orion’s credit originators access QuickScoreTM through an enhanced front-end system powered by Vision Commerce that is unique and exclusive to Orion. Originators gain added speed and versatility with the use of QuickScoreTM while continuing to benefit from Orion’s volume-based pricing programs with credit bureau agencies and other service providers.
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