How does rolling-out, reviewing, and early tuning of the policy work?

When an authorized user clicks “Override Status”, he/she is presented with a modal/window which enables them to:

• Override the Policy Condition’s exception status • Provide comments describing applicable reasons for the override and any applicable mitigating factors

Comments are required to submit an override. And as a reminder, we can also require additional approval for override scenarios (this requires “Override with Approval” to be enabled at the Policy Condition level and an associated Approval Process to be configured).

How does rolling-out, reviewing, and early tuning of the policy work?

Implementation of your credit policy, due diligence policies, collateral policies, and compliance policies in Q2 Origination begins with our out-of-the-box (turnkey) “starter” package configurations. We provide the following OOTB to accelerate the roll out of your initial policies: • Scorecards – We provide a starter set of SMB Scorecards which include Scorecard Criteria for the following: o Business Entities – includes SBSS Score (from FICO SBSS/Liquid Credit), Total Revenue, Debt Service Coverage, Years in Business, Bankruptcies, Judgements, Liens, etc. o Individual Business Borrowers – includes Credit Score, Debt-to-Income Ratio, Bankruptcies, Delinquencies, Inquiries, etc. o Individual Guarantors – includes Credit Score, Debt-to-Income Ratio, Bankruptcies, Delinquencies, Inquiries, etc.

• Credit Policy Conditions o Unsatisfactory Credit Rating o Individual Credit Score Below 600

o Business Borrower Less Than 2 Years in Business

o LTV Below 80%

o Bankruptcy o Loan to Income/Revenue