How to Configure Decide Scorecard on Originate

You can now configure the Decide scorecard directly within Originate. Unlike loan rules, the scorecard offers more flexibility as it can be tailored to each loan product, giving you greater control over how decisions are made for different offerings.

To configure the scorecard;

• Select your preferred loan product
• On the Loan Attributes section, scroll down to the Bank Statement Analysis row and enable
  • Decide Bank Statement Analysis
  • PDF Bank Statement Analysis
• On the Bank Statement Service Row, select Requires MBS. If you do not have an existing MBS setup, select Requires PDF Statement Upload

• Set up your preferred Collections method and Credit Bureau (ensure this is selected if the credit bureau rules will be part of the scorecard), then click on Continue to proceed to the Workflows page

• On the Workflows page, scroll to the Loan Rule section and enable to Create or Use Decide Scorecard

• Click on New Scorecard

• Input a scorecard name 

• Choose a variable from the Bank Statement Analysis or Custom tab by either typing it in or scrolling through the list provided

• For fields on the form builder configured using Radio dropdown or checkbox components, you can set up multiple options as shown in the video below.

• You can also use the Compare Variable button to set up a condition. This feature allows you to set conditions based on comparing two variables. For example, you can create a condition to check if the average credits on a bank statement are greater than, less than, greater than or equal to, less than or equal to the average debits.

The compare variable option is not compulsory but purely optional and is not a required step while setting up your scorecard. 

• Once you have selected your preferred variables and set up the conditions, you can then set up the expected outcomes for the conditions you have set by selecting Any or All  

• • Selecting Any means that the expected outcome is for the application to pass any of the conditions set up in order to be approved or set to manual review. While;
    • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • •  
  •  Selecting All means that the expected outcome is for the application to pass all of the conditions set up for the application to be approved or set to manual review.
• You can also add a new Rule Set by clicking on the Add New Rule Set button

• Once a new Rule Set is added, you can set up an expected outcome by selecting Or / And 
  • Selecting Or means that the expected outcome is for the application to meet either All/Any of Rule Set 1 OR Rule Set 2 for it to pass. While;
  • Selecting And means that the expected outcome is for the application to meet All/Any of Rule Set 1 AND Rule Set 2 for it to pass.

• Once all the Rule Sets have been configured, click on Next

• The next step which is the Affordability logic will be displayed, simply click on I'll do this later to save your configurations as the Affordability logic is not currently functional 

• After saving the scorecard, you will be required to set the Failed or Passed Outcomes. 
  • If the application passes the scorecard, the Passed outcome can be set to Approve or Manual Review 
  • If the application fails the scorecard, the Failed outcome can be set to Decline or Manual Review

• Click on Complete to save

After the scorecard is successfully configured and applied to an application;

• Scorecard Result will appear on the application's rule breakdown tab, replacing the usual View Rule Breakdown option. You can then click on View Result 

• • If the application passes the set rules, the screen below will be displayed with a list of all the passed rules and the results.

• • If the application fails the set rules, the screen below will be displayed with a list of all the passed and failed rules along with the results. 

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Notes:

• On the loan rules section, you can decide to select an existing loan rule from the dropdown or enable Decide scorecard
• When your Decide account is set up and the API keys are integrated into the system, once you click on New Scorecard, you will be automatically connected to your decide account and all the variables will be fetched. 
• The system (Bank Statement Analysis) variables contains all the variables available on Decide while the Custom variable contains all the fields configured on your custom form builder along with the default variables.
• Variables selected under the Bank Statement Analysis column will attract Decide charges as they require a bank statement. 
• When two or more Rule sets are created, either of the rule sets can be set to Any/All or Or/And. 

• The failed result can contain both the rules that were passed and failed, based on the conditions that were set.