The Decision Custom Rules tab is a rule editor.  Rules created can change the decision status from Approve or Decline to Refer, or from from Approve or Refer to Decline.  For each rule that is True a Reason is appended to the application for use by loan officers in reviewing the application.

 

There are three categories of rules:

Approve to Refer - Rules are created to look for negative aspects (such as "Major Derog Count > 2"), change the status from Approve to Refer, and append a negative reason defined by the credit union for use by loan officers in reviewing the application.

Approve/Refer to Decline - Rules are created to look for negative aspects, change the status from Approve or Refer to Decline, and append a negative reason defined by the credit union for use by loan officers in reviewing the application.

Decline to Refer - Rules are created to look for positive aspects (such as "Down Payment > $4,000"), change the status from Decline to Refer, and append a positive reason defined by the credit union for use by loan officers in reviewing the application.

 

For additional information refer to Custom Rule Editors.

 

Page url: https://decision.cudl.com/help/index.html?decision_rule_editor.htm