How does our product work with the bank to monitor and manage the credit policy?

And since you probably are digitizing your business lending operation for the first time (and since you’re probably also leveraging technology to assist with credit analysis and decision-making for the first time), we also offer functionality to help tune your scoring models and policies to ensure the best outcome.

Click Origination Configuration Scorecards. Launch the Commercial Scorecards and click Edit.

Our Scorecard feature, for example, includes the ability to designate Scorecards as “Champion” Scorecards and “Challenger” Scorecards. This Champion/Challenger designation enables you to run production scorecards (i.e. “Champion”) to process real-world loans while simultaneously running “Challenger” scorecards in parallel; this allows you to make changes to your production scorecards and run them/evaluate them in parallel so that you can compare the results of the Challenger scorecards to your current production scoring logic. This functionality allows you to make incremental changes to your scoring logic and associated credit policies – and test them using live data – without impacting your active/production scoring models/credit policy (for live loans in origination) until you are ready to convert the Challenger scorecards to Champion scorecards (i.e. put them in production).

How does our product work with the Bank to monitor and manage the credit policy?

Q2 Origination provides reports and dashboards to enable you to monitor your credit policy. Interactive dashboards enable your users to view insights and indicators regarding active loans and exceptions to policy.