The Decision Support tab of the Decision Application page is where you'll find credit bureau reports and financial information for the applicants and co-applicants in the application.
Credit Bureau Summary Section
A Credit Bureau Summary section appears for every applicant and co-applicant. This section summarizes the credit bureau report for this applicant or co-applicant. The On-Line Score Model field indicates what scoring model was requested from the credit reporting agency. If your institution is configured to request a second score for Baker Hill Bank2Consumer applicants, the On-Line Score 2 fields in this section display the returned data.
Note: The score factors and affecters for any second score are returned as code values. Please refer to your Fair Isaac scoring model documentation for the definitions of the returned code values. The code value descriptions are also available in the full text of the credit bureau report.
Click the Full Credit Bureau Details button that appears in the subsection header to see the full text of the credit bureau report.
Financial Summary Section
A Financial Summary section appears for the primary applicant and for the secondary applicant, if any. This section combines the data for the applicant/co-applicant pair (no separate Financial Summary subsection appears for co-applicants).
Note the following about the Financial Summary section:
-
The Less Estimated New Monthly Loan Payment field is calculated using the appropriate payment function for the product type. Any changes that you make to the authorized decision (if the application contains multiple products), amount, term, or rate will cause the monthly payment value to be recalculated. (These authorized fields appear in the Products, Scores and Decisions section of the Decision Application page.)
-
The Debt Service Analysis section reports the individual applicant's income and debt as calculated both from data entered on the application and from data reported by the credit bureau. You have three options for making adjustments to these calculated fields:
-
To adjust the income and debt application data, select the radio button for the App value of the field you want to edit (if it is available) and click the Edit button to the right of the field to open the section of the application that is used in calculating that field. The fields that contribute to the value you want to change will be available for editing. Adjust the value in the appropriate field(s) as needed, and click the Save button to save your changes and return to the Decision Application page. An Explain comment box will appear to the right of the field for you to record an optional description of the change.
Note: If you want to adjust the total income without going back and changing the original entries on the application, use the Less Adjustment to Monthly Income field to adjust out "unverified income" at the Decision task.
-
To adjust the trade line data reported by the credit bureau, select the radio button for the Bureau value of the field you want to edit (if it is available) and click the Edit button to the right of the field to open the Edit Trade Lines dialog box. Adjust the trade line data as needed, and click the Save button to save your changes and return to the Decision Application page. An Explain comment box will appear to the right of the field for you to record an optional description of the change.
Note: If you have opened the Decision page in view-only mode and the decisioner has selected the Bureau value for any of the Annual Debt Service payment fields, you can view the trade line data reported by the credit bureau. Click the View button beside one of the payment fields to open the Edit Trade Lines dialog box with all fields read-only.
-
To enter a manual adjustment that is not based on application data, simply change the value in the field or use the Adjustment to Income or Adjustments to Debt fields. When you modify one of these fields, a new Explain text box will appear beside the field so that you can identify what you entered.
Note: The dollar value of Living Expenses is a read-only field calculated by multiplying the principal's income by the living expenses estimation percentage. If you want to modify the Living Expenses value, change the percentage in the % of available income field to achieve the desired calculated dollar value.
As you make adjustments, click the floating Calculate button to recalculate the fields displaying totals and ratios.
Note: Editing values on the Decision Application page will not rescore an application. To rescore an application, you must use the Reprocess feature available from the Decision task.
-
Refreshing Calculations
When you change any of the most common adjustment fields on the Decision page that affect the calculations, a floating window showing a Calculate button appears along the right side of the application to remind you that a calculation is needed. You can continue to make changes and scroll through the entire Decision page. The floating window remains visible until you click the button to save your changes and refresh the calculations based on the financial information. You will not lose your place on the screen when you use this option.
Note: Clicking the Calculate button does not re-evaluate any credit policies. You must click the Save button to re-evaluate the credit policies and update any calculated fields displayed in the credit policy messages.
A permanent Calculate button is also available at the bottom of the Decision page. This button is always visible, so you can scroll down and click on it at any time. However, the page will only refresh if you have changed at least one field on the Decision page.
Note: The permanent Calculate button is not tied to changes on the common adjustment fields. It will refresh the page regardless of whether the latest change or changes affected the calculations. If you did not change any fields used in calculations, the calculated fields will not change when the page is refreshed in this manner.