Product Management
Overview
Product management in TimveroOS covers the configuration of lending products including terms, pricing, eligibility rules, and collateral requirements. The platform enables business teams to define and modify product offerings through admin panel configuration without code changes.
Product Components
Credit Products
Define base lending terms and conditions:
Loan amount ranges (minimum/maximum)
Term options (duration in months)
Interest rate structures (fixed, variable, tiered)
Fee schedules
Collateral requirements
Eligibility criteria
Additives
Create product variations for different customer segments:
Risk-based pricing tiers
Collateral-dependent options
Channel-specific variations
Promotional offerings
Offer Engine
Calculate personalized offers through scripts:
JavaScript/Python pricing algorithms
Dynamic rate determination
Eligibility evaluation
Real-time offer generation
Schedule Engine
Generate payment schedules:
Amortization calculations
Interest and principal allocation
Payment date scheduling
Schedule adjustments for modifications
How Product Management Works
Step 1: Define Credit Product
Set base parameters (amounts, terms, rates, fees)
Configure document requirements
Link to Business Process stages
Set product availability dates
Step 2: Create Additives
Define segment variations (e.g., "Premium", "Standard", "Basic")
Set specific terms for each segment
Configure eligibility criteria
Link Offer Engine scripts
Step 3: Configure Offer Engine Scripts
Write pricing calculation logic
Access participant profile data
Apply business rules
Return personalized offers or null
Step 4: Set Collateral Requirements (for secured products)
Define required asset types (vehicle, real estate)
Configure valuation processes
Set documentation requirements
Link to collateral workflows
Step 5: Activate and Monitor
Activate product for origination
Monitor offer generation rates
Analyze acceptance rates
Refine based on performance
Product Architecture Example
Base Product: Personal Loan
Amount: $1,000 - $50,000
Terms: 12, 24, 36, 48 months
Interest Rate: Variable based on segment
Additive 1: Basic Tier
Target: Credit score < 650
Amount: $1,000 - $10,000
Rate: 14.99% - 24.99%
No collateral required
Additive 2: Standard Tier
Target: Credit score 650-749
Amount: $1,000 - $30,000
Rate: 9.99% - 14.99%
No collateral required
Additive 3: Premium Tier
Target: Credit score 750+
Amount: $5,000 - $50,000
Rate: 5.99% - 9.99%
Optional collateral for higher amounts
Configuration Workflow
For New Products:
SDK Team: Sets up product entity structure
Business Team: Configures product parameters in Admin Panel
Business Team: Creates additives for segments
Business Team: Configures Offer Engine scripts
Business Team: Tests with sample scenarios
Business Team: Activates product
For Product Changes:
Minor changes (rate adjustments, fee changes): Edit existing product
Major changes (new terms, structure): Create new product version
Additives don't transfer to new versions automatically
Section Contents
Credit Products Product parameter configuration including amounts, terms, rates, fees, and eligibility
Additives Product variations for customer segmentation and market targeting
Offer Engine Pricing algorithms and dynamic offer calculation through scripts
Collateral Configuration Asset management for secured lending products
Implementation Resources
Through SDK (Development team)
Offer Engine & Credit Products - Product entity structure
Credit Management System - Schedule engine setup
Through Admin Panel
Credit Products and Pricing - Product and additive configuration
Pricing Configuration - Offer Engine script setup
Collateral Management - Asset type configuration
Related Topics
Loan Origination - How products are used in origination
Decision Configuration - Workflow and scoring setup
Applications - Product selection in application process
TimveroOS: Configurable lending products without code
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