Hey Ben, I have a question in mind what is credit analysis?
Bank
Good to ask John! We have to determine the creditworthiness of borrowers by quantifying the risk of loss that the lender is exposed to
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How's does general lending process goes?
Borrower can reach out to us and we as lenders willdiscuss the loan amount and interest rate.We look deepinto their financial and risk analysis.Following thatit will be formal documentations created and signed by borrowers
Bank
Do our bank review on lenders credit analyst?
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Bank
Yes we do have the 5credits.They are Character,capacity,capital,collateral and condition.
This is a system that used by lenders to measure the creditworthiness of potential borrowers.
What is credit analysis
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Bank
What is the general lending process
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In the past we took long period of time to evaluate on lenders credit analysis
I was so lucky that now our company intends to partner with digital full bank licensee and we can use their AI software
How does credit analyst review on lenders
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Yes it will using innovative technology to serve customer needs and reach under served segment criteria faster
Will this help us improve lender appeal faster?
Pain point on credit analysis about traditional and modern approach
Why are there traditional and modern approach ?
Modern credit analysis based on qualitative credit scoring system.The key aspect to determine their credit score includes payment history ,current debt, length of debt, type of debt and payment interest.
Traditional approach evaluates the main characteristics of the borrower, commonly referred to as the 5 C’s of Credit.
Company intends to partner with digital full bank licensee
Will this help us serve more people and cut short waiting period of time?
Company were to use innovative technology like AI software it will help serve more customers and analyze data faster