Broker Commision

Written by Evispot. Posted in b, Glossary.

Broker commision , also known as broker fees, are based on a percentage of the transaction, as a flat fee, or a hybrid of the two. Brokerage fees vary according to the industry and type of broker. For unsecured loans the fees are usually between...

Continue reading

Average broker probability

Written by Evispot. Posted in a, Glossary.

A broker or a loan broker is a third party that sometimes acts as a go-between for a borrower and a lender. Some lenders, including both traditional and non-traditional lenders, use brokers to provide the necessary applications, documents, and processes...

Continue reading

Average Prepayment Probability

Written by Evispot. Posted in a, Glossary.

Prepayment or the churn rate, also known as the rate of attrition or customer churn, is the rate at which customers stop doing business with an entity. It is most commonly expressed as the percentage of service subscribers who discontinue their subscriptions...

Continue reading

Other overhead costs

Written by Evispot. Posted in Glossary, o.

Other overhead costs or operating costs are associated with the maintenance and administration of a business on a day-to-day basis. Operating cost is a total figure that include direct costs of goods sold (COGS) from operating expenses (which exclude...

Continue reading

Marketing cost

Written by Evispot. Posted in Glossary, m.

Marketing costs are the all expenses that the company makes to market and sell its products and develop and promote its brand. These marketing costs or expenses include expenses incurred to change the title of goods, promotion of goods, advertisements,,...

Continue reading

© Evispot 2022 All rights reserved.

Machine learning in credit decisions

Leveraging machine learning for smarter lending and obtain insights into the technology behind 100% transparent machine learning models.

A link to download the file will be sent to your inbox.

Never see this message again.