Data sources and BPM / Underwriting setup for Dynamic Profile formation

Business context:

Underwriting involves a risk assessment process for each prospective borrower, based on a combination of external (such as external databases and credit bureaus) and internal sources (application data).

Configuration:

The orchestration of the underwriting process involves the following steps:

1. Selecting and integrating data sources, especially external

   1. Defining data usage and retrieval methods: some data, like a credit score from a credit report, can be used as-is. Other data may require transformation, such as calculating the ratio of a client's expenses over the past three months compared to the previous year.

   2. Feature set management

2. Developing Participants' or Collateral's evaluation algorithms, including manual Process

3. Assigning Participants' or Collateral's evaluation algorithms