Step 2 - Credit Enquiry
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The screenshot below illustrates the Credit Enquiry Screen. To begin the credit check and retrieve a Credit Report for the client, simply click the primary button labeled "New Enquiry."
During the credit enquiry, the system automatically analyzes the client's credit report to calculate their total monthly credit account expenses. This total, known as the Bureau Account Expense, is then factored into the affordability assessment later in the workflow.
For more information on how to adjust the expense amount pulled from the credit report - select the link below:
To improve the accuracy of affordability assessments, Mobiloan displays all active loans along with their installment amounts, as shown in the screenshot below.
Users can review and modify this information as needed, ensuring that only relevant and up-to-date loan data is considered during affordability checks.
To learn more about the two credit bureau services offered by Mobiloan, click the links below:
