Product Internal Risk Rating
Using Product Internal Risk Rating, users can update the Internal Risk Rating of a facility to discover the probability of default or loss, in event of a default. Currently, if banks wish to add their own internal risk rating to Loan IQ it must be done manually since Origination or Underwriting systems do not allow the information to be sent to Loan IQ. This opens the bank up to operational risk when information has to be entered manually. Product Internal Risk Rating provides seamless integration capabilities, allowing users to place internal risk ratings directly into Loan IQ.