{"schema_version":"1.0","canonical_url":"https://patentable.app/patents/US-11461841","patent":{"patent_number":"US-11461841","title":"Statistical risk management system for lending decisions","assignee":null,"inventors":[],"filing_date":"2018-01-03T00:00:00.000Z","publication_date":"2022-10-04T00:00:00.000Z","cpc_codes":["G06N","G06Q","G06N","G06N"],"num_claims":20,"abstract":"This disclosure describes techniques for determining whether to approve or deny a borrower's lending-product request by selectively using a heuristic and statistical model. More specifically, a borrower may submit a lending-product request to a Statistical Risk Management (SRM) system, and in doing so the SRM system may analyze relationship attributes of the borrower to determine a likelihood of borrower repaying a loan over a predetermined time period, and avoid being charged off. In some examples, the SRM system may execute a plurality of statistical models to determine a charge-off probability score. Each statistical model may be based on a set, or subset of historical lending-product data. A subset of historical lending-product data may be based on a selection bias of shared characteristics within a set of historical lending-product data. The selection bias may be based on characteristics of a lending-product request or relationship attributes of a borrower."},"analysis":{"summary":null,"layman_explanation":null,"technical_analysis":null,"business_analysis":null,"faqs":null,"topics":[],"tech_cluster":null},"seo":{"title":"Statistical risk management system for lending decisions","description":"This disclosure describes techniques for determining whether to approve or deny a borrower's lending-product request by selectively using a heuristic and statistical model. More specifically, a borrow","keywords":[]},"attribution":{"source":"Patentable","source_url":"https://patentable.app","canonical_url":"https://patentable.app/patents/US-11461841","license":"CC-BY-4.0-like","license_terms":"AI-generated analysis on this page (summary, layman_explanation, technical_analysis, business_analysis, faqs) may be reused with attribution and a visible link back to the canonical URL above. Patent abstracts, claims, and bibliographic data are USPTO public domain.","required_link":"https://patentable.app/patents/US-11461841","citation_suggestion":"Patentable. \"Statistical risk management system for lending decisions\" (US-11461841). https://patentable.app/patents/US-11461841","copyright_holder":"Nomic Interactive Technology LLC"},"links":{"html":"https://patentable.app/patents/US-11461841","json":"https://patentable.app/api/llm-context/US-11461841","site":"https://patentable.app","llms_txt":"https://patentable.app/llms.txt"},"generated_at":"2026-05-31T09:24:51.585Z"}