Product

SmartReserve

Helping financial institutions prepare for CECL

Unmatched Trade Line Data & Analytic Services

Under CECL, financial institutions are required to replace their current “incurred loss” model with an “expected loss” model. Additionally, lenders will need to make a projection of expected loss for each of the loans they book at the time of origination. SmartReserve™, powered by Equifax market-leading Credit Trends data, helps by providing access to the historical consumer credit data needed to help accurately forecast future losses and calculate the reserves required under the new standard.
Solution

Data Delivered Either Aggregated or at the Loan Level:

  • Pre-recession, recession and post-recession vintages, from 2005 forward
  • Monthly updates and trades linked over time to enable accurate vintage curves, updates and forecasting based on loan and consumer profiles for the life of the loan
  • Multiple portfolios such as bankcard, retail cards, student loans and more
  • Ability to track book of businesses across multiple segmentation items including risk score, estimated income (score based), geography and more
Product Sheet

See the SmartReserve Product Sheet for More Details

Learn More About how SmartReserve can help Financial Institutions of all sizes with new CECL standard.

Insights Articles

Related Products

Credit Trends
Build flexible market strategies with comprehensive consumer credit perspectives.
Peak Attributes
6,800+ cloud-native attributes built on differentiated, trended data to deliver enhanced predictability and performance

Multiple Levels of CECL Support

Smaller banks and credit unions may lack a dedicated internal analytic resource, requiring a solution that offers more than data, while larger organizations may only need the data. To address varying business needs, SmartReserve offers multiple levels of CECL support, partnering with Moody’s Analytics.

Contact Us

Talks to sales about SmartReserve to prepare for the new CECL standard.

CECL and the Credit Lifecycle

Access more CECL information and resources from our partner for SmartReserve, Moody's Analytics.