Money laundering is in the news all too often and, based on the pervasiveness of this charge, it is safe to say a lot more illicit cash is slipping under the radar of unwitting banks and regulators.
Determining the level of customer reliability with regard to the timely loan repayment is one of the key elements of credit risk assessment. This is done on the basis of a credit history analysis and scoring, based on the customer's characteristics.
The mortgage lending process is considered to be one of the more complex credit processes offered to retail customers. Making decisions for such long-term liabilities for considerable amounts of money requires a thorough analysis of both customers and collaterals.
It is based on attributing points to customer characteristics reflecting both quantitative (mainly financial data) and qualitative elements (e.g. marital status, education level, etc.). It applies both to individual customers and enterprises (especially in the micro and SME segments).
Tell us about your business needs. We will find the perfect solution.