How Neural Networks Can Help Loan Officers to Make Better Informed Application Decisions

  title={How Neural Networks Can Help Loan Officers to Make Better Informed Application Decisions},
  author={Meliha Handzic and Felix Tjandrawibawa and Julia Yeo},
The granting of loans by a financial institution (bank or home loan business) is one of the important decision problems that require delicate care. It can be performed using a variety of different processing algorithms and tools. Neural networks are considered one of the most promising approaches. In this study, optimal parameters and the comparative efficiency and accuracy of three models: Multi Layer Perceptron, Ensemble Averaging and Boosting by Filtering have been investigated in the light… CONTINUE READING

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