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timvero.comMaven Repository
  • timveroOS SDK guide
  • timveroOS how-to
  • timveroOS admin-side setup
  • timveroOS Setup guides
    • v. 7.11
      • Working with the Data sources
        • Ready-to-deploy Data Providers
      • Low-code Decision processes/ Workflows
        • timveroOS workflows - [Beta]
          • Manual Decision-Making Process in timveroOS
        • Profiles formalization and mapping entities with workflows
        • User's Assignement to Warning (-s)
      • Credit products and additives, collateral
        • Credit products
          • Additives
        • Collateral/ securitization setup
      • Configuration of the pricing algorithms
        • Deal block
      • Documents
        • Generated documents
          • Signing of generated documents
        • Required documents
      • Roles creation
      • Notifications
      • Counters
      • Servicing
      • BI
      • Other useful features
        • Catalogs
        • Form builder
    • v. 7.10
      • Admin-side system setup
      • Data sources and BPM / Underwriting setup for Dynamic Profile formation
        • Selecting integrated data sources and Feature set management
          • Ready-to-deploy Data Providers
        • Developing of Participants' or Collateral's evaluation algorithm
          • Manual Decision-Making Process in timveroOS
          • User's Assignement to Warning (-s)
        • Mapping Participants' or Collateral's evaluation algorithm
      • Credit products and additives, collateral
        • Credit products
          • Additives
        • Collateral/ securitization setup
        • Deal TnC
      • Configuration of the Offer Generator Script
      • Documents
        • Generated documents
          • Signing of generated documents
        • Required documents
      • Roles creation
      • Notifications
      • BI
        • Adding custom chart to BI Dashboard
      • Servicing
      • Catalogues
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  • Business context
  • Configuration

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  1. timveroOS Setup guides
  2. v. 7.11

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)

PreviousReady-to-deploy Data ProvidersNexttimveroOS workflows - [Beta]

Last updated 1 month ago

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