When more than two characteristics (or variables) is relevant in determining your Decision, Tier, Loan Amount, or Rate, CUDL’s Decision Manager provides you some options.

 

Use a rule editor – This option works best where a consistent adjustment is made under given circumstances. For example, if your rates are driven primarily by Tier and Term, but are always 1.0% higher for older model vehicles (i.e. >5 years old). Then creating a custom rule is the simplest way to manage your rates. It’s also the least maintenance!

Use a 3D Matrix – This option works best when there is no consistent rule that can be applied to all results. For example, if your rates are driven, not only by Tier and Term, but also differ by state, it may be best to add State in a 3D Matrix. This gives you the greatest amount of flexibility.

Use a Unique Product Routing – Of course, you can also break down differences such as those given in the examples above into entirely separate Products. This is done by creating an additional Product from the Home page and setting up custom Routing rules using the Rule editor. This gives you the highest degree of flexibility and control and is recommended if there are multiple differences in the way the “Products” will be underwritten. For example, if older used autos have stricter approval criteria, different terms, different rates, and additional stipulations, then a separate “Product” would probably be best. Keep in mind that additional products can mean more maintenance. See Routing for more information.

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