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Mitra: OnDeck increased applicant scoring coverage from 60% to over 95%

Abhra Mitra · Noah Breslow & Abhra Mitra, onDeck // Data Driven #27 // May 2014 (Hosted by FirstMark Capital) · May 28, 2014 · at 11:03

Abhra Mitra, Lead Data Scientist at OnDeck, details how OnDeck's credit scoring model expanded its applicant coverage across four iterations.

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“When we started, we could only score about 60% of our applicants. Now we can score more than 95%.”

quote is from the automated transcript, cleaned for reading: filler sounds and stutters are removed, nothing is rephrased. names can be misheard (the analysis reads context, assessments check outside sources). how →

More from Abhra Mitra

Disclosure
Mitra: OnDeck uses two to three human reviewers per loan application
“The second is loan applications. So there it, you know, it's typically two to three people so in the, in, in the case of, for example, industry prediction we would predict an industry, but we're not gonna automatically classify a loan applicant right off the b…”
Abhra Mitra May 28, 2014 ▶ 20:48 Noah Breslow & Abhra Mitra, onDeck // Data Driven #27 // May 2014 (Hosted by FirstMark Capital)
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