Financial Institutions’ ‘Stress Test’ is unlike a test of stress for the majority of us.
Credit Scoring, central to the lending process, can be a test of stress for us all.
It can be stressful for Financial Institutions finding, altering and adapting credit scoring models and deciding whether to use people or computers.
It can be stressful for Financial Institutions trying to assess a potential borrower having difficulties; especially if there isn’t a missed debt repayment.
It can be stressful for Financial Institutions deciding if their priority is credit scoring or lending criteria.
Independent Brokers’ ‘ Stress Test’ is making sense of it all so that customers and clients get the Rates and Terms they deserve.
Customers’ and Clients’ ‘ Stress Test’ is …. their tolerance level.