1. Retail Loans Origination User Guide
  2. Retail Loans Account Origination Process
  3. Loan Underwriting
  4. Credit Rating Details

2.5.1 Credit Rating Details

This topic provides the systematic instructions to view the information on the External Rating Agencies Rating / Scores for the Applicant.

Credit Rating Details is the first data segment of Loan Underwriting stage. The user can acquire the application from Free Tasks list. This data segment will provide the information on the External Rating Agencies Rating / Scores for the Loan Applicant. If the applicants are more than one, accordingly the information against each applicant / borrower will be provided. The interface with external rating agencies will be provided.

Oracle Banking Origination is now integrated with Bureau Integration Service to fetch the details of the Rating for the given applicant(s). The Bank will have an option to use this integration service or use the manual process of entering the Bureau score in the Credit Rating DS.

To view the credit rating details of loan:

  1. On acquiring the Underwriting task, the Credit Rating Details data segment appears.

    Figure 2-37 Credit Rating Details


    Description of Figure 2-37 follows
    Description of "Figure 2-37 Credit Rating Details"

  2. Specify the details in the relevant data fields. For more information on fields, refer to the field description table below

    Table 2-25 Credit Rating Details – Field Description

    Field Description
    <Customer Name along with image> Displays the customer name along with image.
    Agency Name Displays the configured agency.
    Ratings Displays the ratings.

    The system populates the credit rating score from the Bureau Integration Service.
    Remarks Specify the remarks.
  3. Click View More to view the additional Credit Bureau details.

    The Additional Credit Bureau Details screen is displayed.

    Figure 2-38 Additional Credit Bureau Details


    Description of Figure 2-38 follows
    Description of "Figure 2-38 Additional Credit Bureau Details"

  4. For more information on fields, refer to the field description table below.

    Table 2-26 Additional Credit Bureau Details – Field Description

    Field Description
    Institution Name Displays the institution name.
    Account Number Displays the account number of the applicant.
    Account Type Displays the account type.
    Loan Amount Displays the overdraft amount.
    Outstanding Balance Displays the outstanding balance.
    Account Opening Date Displays the account opening date.
    Installment Amount Displays the installment amount.
    Delinquency Bucket Displays the delinquency bucket.
    Delinquency Amount Displays the delinquency amount.

    Note:

    Oracle Banking Origination has been integrated with Bureau Integration Service which will make a call to the Credit Bureau to get Credit Rating Score and additional details.
  5. Click View Bureau Report to view and download the bureau report from the external agency.
  6. Click Next to navigate to the next data segment, after successfully capturing the data. The system validates for all mandatory data segments and data fields. If mandatory details are not provided, the system displays an error message for the user to take an action. The User cannot to proceed to the next data segment, without capturing the mandatory data.

Parent topic: Loan Underwriting