European peer-to-peer lending platform Mintos has released its latest scoring updates.
As noted through the Mintos team, this recent maximum update builds on key advances and knowledge analyzed in the first quarter of 2021.
Mintos writes in a blog post that if you’re new to the platform or if you need a more complete review of the old tweaks to Mintos’ threat score, you can check out their spreadsheets, which involve breaking down quarterly data (via the Updates page). .
Here’s a review of the major adjustments to Mintos’ threat scores, as well as sub-scores for the first quarter of 2021:
“The world is living more in the pandemic, vaccination is progressing globally and restrictions on movement and activity are being reduced. Default rates have now returned to pre-COVID-19 levels, and the NPA ratio continues to decline, indicating a decline. “threat to investors’.
As a result of those likely positive developments, it now appears that the profitability of some of the “valued” credit corporations is gradually improving, the Mintos team noted, adding that this has contributed to a “net positive effect on all threats. “”It also led to adjustments in the functionality of the loan portfolio and underscored the buyback strength,” the report revealed.
Mintos noted that it is pleased to announce that the update based on its assessment of data for the first quarter of 2021 “brings more positive adjustments to Mintos’ threat scores than negative ones. “
Mintos added:
“Overall, Mintos’ score has increased for loans issued through 8 of the 93 entities included in this update. We are also introducing updates for 2 entities that have been added to the market since the last update (short-term lender from IDF Eurasia Moneyman and Mexican credit company Swell).
The company showed that Mintos’ threat score had been “reduced in one case. “
Mintos continued with:
With this update, we also get loan scores from 3 entities. Two of them belong to the Creamfinance group: loans from the Czech entity and loans from the entity operating on the Danish market. In the first case, the threat of Mintos The score is withdrawn since lately there are no active loans in the market of Creamfinance Czech Republic, and there is no ongoing investment in the loans of this entity at this time. In this case, the score is withdrawn due to Creamfinance’s advertising resolution to stop its Danish activities and leave the market. “
In April 2021, the company had begun withdrawing “while it had outstanding amounts spent on investors in Mintos,” the P2P lender noted, adding that the lending firm had been suspended on Mintos’ secondary and number one market.
Mintos also commented that when it comes to underlining, “most of the adjustments have been made to the sub-score of the rescue force. “The P2P lending platform added that overall it “reclassified for loans from thirteen entities and downgraded for loans from 2. “
Eleving Group represents “the majority of adjustments due to the improvement in profitability and equity scenario at the point of the organization (11 of thirteen updates of this subscore),” Mintos added while noting that “also, as of this update, corporations in the Past Trades under Mogo Group are attributed to the Eleving GroupArray through similar Mintos Risk Score content. “
The report states:
“The next subpoint with the maximum adjustments is the functionality of the loan portfolio, which was basically advanced through the decrease in volatility in issuance volumes. It was revalued for loans in 10 instances and downgraded in one case. “
The report also noted that in this update, the secondary score of the cooperation design “remained unchanged for all valued loans. “
The extra-corporate noted that the normal schedule of threat score updates for mints is quarterly and that exceptions will be made in some cases when there is a significant improvement or deterioration of certain loans in the market, in which case adjustments will be made as needed. “
You can learn about Mintos’ threat scoring method here.