mds model scoring
Date: Tue, 08/19/2008 - 19:32
does anyone know what the letters mean on the mds bankruptcy model mean. My score is good but I cannot find out what the letters mean
MDS stands for Management Decisions Systems. I believe that thi
MDS stands for Management Decisions Systems. I believe that this company is the one that developed the algorithm that Experian uses to determine the MDS Bankruptcy Model. From what I can see, it is not as widely used in the Mortgage industry as FICO. However, Freddie Mac validated the predictive value of certain credit scores by endorsing MDS Bankruptcy scores and FICO, or Fair, Isaac and Company, Inc. Credit repository scores in 1995. Unlike FICO though, the higher the score, the higher the percieved risk.
