Step 2 - Credit Enquiry

The next step of the configuration workflow is the credit enquiry step, whereby the user must select which type of credit check (according to the chosen credit bureau) will be required for which types of client's.

This implies that you can configure each client category to use a preferred credit bureau.

These settings will be implemented in the Loan Origination Workflow whenever a client belonging to the new category reaches the credit enquiry stage.

Step 2: Affordability

Enquiry Validity Days

This refers to the number of days by which a client's credit enquiry will be valid for.

This means that after the set amount of days (Enquiry Validity Days) have passed, the client will require a new credit check, as the previous one has expired.