Viewing a Credit Report – Decision

This screen appears when you use F10-Decision on the Credit Report – Summary screen. It will also appear after clicking the “Pre-Approvals” button on the Loan Recap, Inquiry, Phone Operator.

SEE ALSO: Understanding the Credit Report Information Screens

This screen shows the results of decision model, either 247 Lender or a custom-designed model if you have one. This screen lets you quickly say Yes to your member for any credit union product or service. (NOTE: A PDF version of this brochure will open.)

·     View a human-readable version of the entire credit report on this screen.

CU*BASE compares the decision code that was included with the credit report and shows all products from your configured Approval Matrix that have been approved for this code. An MSR or loan officer can easily see which products have been approved, with lending limits for underwriting loans.

NOTE: Decision Information is static as of the time the credit report is pulled. The Current Account Balance/Credit Limit column is updated interactively every time the screen is displayed to show the member's current status.

The Current Account Balance/Credit Limit column is intended to show the current status of accounts held by this member, for all memberships under this same SSN/TIN.

·     For closed-end loan accounts, this column will show a total current balance for all existing loan accounts for all memberships with this same SSN. It does not include any loans on which this member is a co-borrower. If the member has no loans of this type, this column will show $0.

·     For line-of-credit accounts, this column will display the current open credit limit for all existing loan accounts for all memberships with this same SSN. It does not include any loans on which this member is a co-borrower. If the member has no loans of this type, this column will show $0.

·     Use the View All Loans for Which This Borrower is Responsible button to see all loans, including accounts on which this member is a co-signer.

Any share or OTB products not currently owned by this member will be highlighted with the notation “Sell to Member” to further enhance your cross-sales efforts. (Click the Cross Sales Tracking button to use cross sales tools.)

Remember that Decision results are included for inquiry types 11=Credit File + Custom Decision and 15=247 Lender only. The data on this screen will be stored on-line for 6 months (or your credit union's configured retention period).

Use command keys to proceed to any other summary or detail screen as needed, or use F7-Cancel to return to the initial screen and select a different report.

·     To return to the credit report summary screen use F8-View Credit Report Analysis.

·     To view the detail in a human-readable format, use F9-View Detail in Report Format.

·     To print a hard copy of the information on this screen, use F14-Print Hard Copy of Report Datat.

Decision Model Information

If your credit union uses 247 Lender, there are two additional command keys you can use to view more about this decision.

·     Use F16-Decision Model to view the results of the model that was run for this member.

·     Use F18-Decsion Model to view a list of “decision factors,” codes that were used in determining the decision for this member.

Link to ID: http://www.cuanswers.com/doc/gold/gold.htm#4418g.htm