Page Comparison

This subsection provides instructions on how to manage scorecard settings.
The scorecard developed using practical knowledge and technical modelling skills allows efficiently evaluating the creditworthiness of borrowers.
Turnkey Lender provides for using both a built-in and custom scorecard. The Administrator can select a scorecard to be used for evaluation of borrower's data.
Along with the decision engine, TurnKey Lender provides its users with the ability to use Scorecard. Scorecard processes available details of a potential lender to assess the risks associated with the loan.

The basics behind both scorecard types appear quite simple:

1. Assign specific risk scores to specific details of the customer.
2. Calculate the total risk score
3. Define the risk level for this risk score

There is nothing more to it if these are custom scorecards, as those rely on the client's own experience and improvement effort.

However, if a built-in scorecard is used, it is the TurnKey Lender who keeps it efficient. To do so, we are using an AI-based algorithm that is trained to improve the scoring efficiency on an ongoing basis. Let's take a closer look at teach of the stages. 

Assign Risk Score to Customer Data

Scorecard management is available in the System → Decision engine → Scorecards section. When creating a custom scorecard, you can manually assign scores to specific details.

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Ho

m Scorecards

 To select a scorecard:
1) In the option menu to the left, click Scorecard.
If the built-in scorecard is already used, a corresponding notification is displayed on the workplace:
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2) (Optional) If the built-in scorecard is used, click Use Custom Scorecard to use the custom scorecard.
If the custom scorecard has been previously set, it gets displayed with specified scoring characteristics and risk segments:
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