Informed decision making with
automated and instantaneous credit
decision systems
Easing down loan adjudication with the assistance of intelligent credit decision systems
Credit Decisioner System
Credit Decisioner System enables efficient loan approving process automated and instantaneous credit decision based on information provided. This system provides an overview of a credit being adjudicated and provides many options for the Risk Manager for adjudicating an application and reaching a decision on its viability
Features of Credit Decisioner System
Loans department in every Bank and Financial Institution receives many loan applications and the credit sanctioning process is almost the same in every institution. In view of the volume of loan applications there is a need to automate the decision making process. The management wants to know often how many loan applications are received and how many are sanctioned. If rejected why it was rejected. The sanctioning authority needs to refer to the complete details about the credit facilities requested for. In the Credit Decision System we have two modules namely 1. Decision options 2. Decision Details.
In Decision Options page there are many options that are enabled for the sanctioning authority. The following are the dispositions/decisions that can be made by the sanctioning authority during adjudication.
Approved
If the application is complete and all aspects of the application are in compliance with bank policy and assessment of good risk, the Risk Manager can accept the application as presented.
Approved
If approving with changes, the Risk Manager makes the necessary adjustments and documents the reasons for that action.
Declined
If the credit application is unacceptable or is not a good risk, it can be declined. As with an acceptance, the Risk Manager must supply reasons for his or her decision.
Deferred
If the credit application is unacceptable or is not a good risk, it can be declined. As with an acceptance, the Risk Manager must supply reasons for his or her decision.
Cancelled
This archives the credit. It will be listed under Cancelled credits on the My Account > Cancelled Credits sub-link on the dashboard.
Referred to SMA/NPA
This decision is made when the sanctioning authority feels that the credit will be a non-performer. These types of credits are maintained separately by Account Manager SMA/NPA.
Decision details page includes the details of the credit like Obligor assessment summary, Facility, Security, Margins, Covenants, and Reporting Requirements etc.
The system supports accounts in different currencies and multiple languages too.
It supports mobile banking and internet banking
Benefits Of Credit Decisioner System
- Credit decision System is useful for speedy decision making process.
- It becomes easy for the sanctioning authorities to refer to earlier decisions and compare the judgments in different scenarios as History is maintained.
- Provides enhanced capabilities for reviewing, evaluating & benchmarking.
- Credit Decisioner Dispositions.
