Low-code Decision processes/ Workflows

Business context

Underwriting involves a risk assessment process for each prospective borrower (and other participants of a deal like a guarantor, a pledger), 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:

Working with the Data sources

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

Developing of Participants' or Collateral's evaluation algorithm utilizing timveroOS workflows - [Beta]

Building business logic and operational processes around these algorithms with: Profiles formalization and mapping entities with workflows

and User's Assignement to Warning (-s)