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Multi-Bureau Decisioning |
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Multi-Bureau Decisioning |
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This feature provides options for redecisioning. Initial application decision is always based on credit from the primary credit bureau (with the exception of failover), but with Multi-Bureau Decisioning enabled, the following options are available on redecision:
| • | Redecision using credit from multiple credit bureaus |
| • | Redecision using an alternate single bureau selection |
Setup is included in the Credit work area, on a new tab titled Multi-Bureau Decisioning.
To complete setup for Multi-Bureau Decisioning
| 1. | Select “Enable Multi-Bureau Decisioning” |
| 2. | Select the “Credit Bureaus that may be used in Multi-Bureau Decisioning” |
| • | Promote validation will require setup be completed for each credit bureau selected |
| • | Selections here define the “Bureau Order” used in the Score Selection Method |
| • | This selection also determines which credit bureau is used for compliance notices (even when the Score Selection Method is not Bureau Order) |
| 3. | Select a “Score Selection Method” |
| • | For each CB Score variable, determines which of the associated credit bureau scores is used. Applies to CB1-CB5, Fast Start, and some custom scorecards. |
| • | Possible selections are: |
| o | Bureau Order: per applicant, use the first valid score in the order selected under “Credit Bureaus that may be used in Multi-Bureau Decisioning” |
| o | Highest Score: per applicant, use the Highest valid score |
| o | Lowest Score: per applicant, use the Lowest valid score |
In order to use multi-bureau decisioning or alternate single bureau decisioning, the feature must be enabled in the application entry system. This is done through Administrative Options > General Settings > Loan Application Options in Lending 360. If these options are not available, contact Customer Care.
| • | Enable Credit Bureau Selection: If this option is selected without also selecting “Enable Multi-Bureau Decisioning”, then on redecision, an alternate single credit bureau may be selected |
| • | Enable Multi-Bureau Decisioning: With this option selected, on redecision, one to three credit bureaus may be selected |
Page url: https://decision.cudl.com/help/index.html?multi_bureau_decisioning.htm
