Our Locality Health Score (LHS) provides insights into how location affects loan performance. Using ML/AI and socio-economic data, we've created scores for over 60,000 US cities and neighborhoods to enhance credit risk models.
The Locality Health Score (LHS) is a feature that can be utilized in credit risk models to optimize interest rates of consumer loans and regularize expected returns. Principal loss on high scoring LHS loans of the same grade can be 30% less than on low LHS loans.
Beyond credit risk modeling, LHS can be applied to insurance risk assessment, property investment decisions, targeted marketing strategies, asset management, and mortgage lending.
We offer complete datasets of LHS scores by city, neighborhood, and 3-digit zip codes, both current and historical. We can also calculate LHS for specific US Census tracts and neighborhoods based on street addresses.