Lea Smith

Title: Lea Smith: Innovator in Credit Performance and Fraud Detection

Introduction

Lea Smith is a notable inventor based in Savage, Minnesota, who has made significant contributions to the fields of credit performance evaluation and fraud detection. With a total of three patents to her name, she has developed innovative systems and methods that enhance the efficiency and accuracy of financial assessments.

Latest Patents

One of Lea Smith's latest patents is titled "Systems and methods for inferring the performance of rejected credit applicants." This technology focuses on evaluating factors that may indicate financial distress and future credit performance associated with applicants who have been rejected for credit. The method involves receiving applicant information and non-tradeline data, scoring the applicant's future credit performance using a predictive model, and generating an estimated credit performance over a predetermined period.

Another significant patent is "Systems and methods for increasing efficiency in the detection of identity-based fraud indicators." This invention includes a method for receiving entity-supplied information, querying databases, and determining the validity of the information provided. It also involves creating disambiguated entity records, scoring parameters based on relationships among these records, and identifying potential fraud indicators.

Career Highlights

Lea Smith is currently employed at LexisNexis Risk Solutions, where she applies her expertise in developing advanced technologies for credit and fraud detection. Her work has been instrumental in creating solutions that help financial institutions make informed decisions based on comprehensive data analysis.

Collaborations

Lea collaborates with talented professionals in her field, including Scott M. Straub and Andrew John Bucholz. These collaborations enhance the innovative capabilities of her projects and contribute to the development of cutting-edge solutions in the industry.

Conclusion

Lea Smith's contributions to the fields of credit performance and fraud detection demonstrate her commitment to innovation and excellence. Her patents reflect a deep understanding of financial systems and a dedication to improving the accuracy of credit assessments. Through her work at LexisNexis Risk Solutions, she continues to make a significant impact in her field.