July 2009

Wouldn’t it be great if you could have a tool in Credit Check that could automatically filter though all the credit information on a credit report for you to extract only what you need in order to make a credit decision for a specific loan product?

Now you can, with Compuscan’s new smart automated Rule Based Decision Matrix, called Codix.

Codix takes your specific ‘bureau rules set’ for each loan product into account and automatically filters though all the credit bureau information on a credit report.

Your 'decline rules' or 'bureau rules set' for a specific loan product might include some of the following rules:

After taking the above rules into consideration, Codix displays a concise summary that provides you with the recommended actions for each loan product in your loan portfolio.

The credit data that it uses for mapping includes:

• Compuscan Micro Lending Credit Information
• NLR data
• CPA data
• SAFPS fraud data
• Judgement data
• Adverse data

Please see an example below of a screenshot of Codix and the recommended actions and decline reasons per loan product that will be part of your credit report:

The loan products that are approved are marked with a green tick and the loan products that are not approved for the specific applicant are marked with a red cross. It also indicates the reasons for the decline.

After you have looked at the risk recommendations generated by Codix you can continue with your affordability study based on the rest of your credit policy and business rules.

We will monitor your chosen rules sets on a continuous basis and advise what may be done to improve your automated your credit decisions. You can also choose to incorporate credit scoring models like CompuScore into Codix for more predictive results. We will help you to decide what the best option is for your business.

The benefits are obvious!

Contact us today to get this value adding, time-saving application!