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Edit Loan Consent Agreement

Edit Loan Consent Agreement

Aug 6th, 2022

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How to Edit Loan Consent Agreement

4.6 out of 5

14 votes

Decisioning rules enable lenders to automate the loan origination process and efficiently filter out undesirable borrowers early in the loan lifecycle. Users can customize these rules by navigating to the system and decision rules section, where they can enable or disable specific rules. There are three default behaviors: pass the application to the underwriting officer, reject the application, or take no action. The decision rules are categorized into anti-fraud rules, credit policy rules, internal rules, and alternative rules. Anti-fraud rules comprise a basic list that compares borrower data against internal and external databases, including sanctions databases.

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