High Interest rates, delinquency rates, dynamic market trends, lending risk in certain markets, competitive lenders, Pricing strategies, etc can potentially be driving declining trends. Sometimes just identifying or defining the problem is in itself a challenge - intrinsic or extrinsic drivers, what could be the potential reason for such a decline?
Early this year, one of the CUAS2017 Analytics challenge participant, Casey Foltz from OCCU (Oregon Community Credit Union) addressed this very issue at their CU using Data and Analytics.
It was interesting to see the approach, a simple yet effective approach, adopted by OCCU in outlining the business challenge, data challenges, aligning all stakeholders and management. Understanding member profiles, pricing strategies, categorizing risk (Credit Tier, LTV) and applying "what-if" analysis and utilizing statistical modeling (refer the attached presentation URL for more details from the Analytics Challenge - Casey_CUAS_Challenge_Oregon_Community_CU.pdf ).
Thank you @Casey Foltz from OCCU - hopefully we can have an interesting update to this data story or an another interesting data story in the upcoming Analytics Challenge for March 2018?
Have you seen such similar scenarios at your organization? What approach/s have you adopted to solve such business challenges?