Choosing the right model for CECL is crucial. Which one works best for your credit union loan products and your data set?
Deep Future Analytics COO and Chief Scientist Joseph Breeden, also author of Living with CECL: The Modeling Dictionary and Living with CECL: Mortgage Modeling Alternatives, will present the model performance comparisons, considerations, and possible solutions in an upcoming webinar entitled: Which CECL Model Should You Choose? (presented by the CU App Store from OnApproach)
The models considered go from the simplest “spreadsheet” methods to the most complex statistical techniques. Although no one will be surprised that the most advanced methods perform best. Joeseph will discuss the trade-offs in accuracy, complexity, and the need to include Q-factors as you move across the modeling spectrum.