Configure Approval Matrix
Access this screen by selecting Tool #335: Define Decision/Approval Matrix.
Use “Just Turn it On” and have CU*Answers Management Services drive the implementation of this feature from start to finish. We’ll even do the work to get your Board, your management team, and your staff on board and ready to take over once the switch has been flipped. Learn more in the Just Turn it On Brochure.
IMPORTANT: Remember that the Approval Matrix must be updated by your credit union whenever new loan categories, share dividend applications, or OTB product codes are configured.
For details, refer to the booklet, Online Credit Bureau Access and 247 Lender: Configuring 247 Lender and the Approval Matrix.
This screen is used to set up an Approval Matrix for use with the CU*BASE Online Credit Bureau Access system. This matrix with be matched against a Decision Code that is included with a credit report, to determine the credit union products for which a member is approved.
For every Decision Code that the credit bureau might potentially send, a corresponding code must be set up in the Approval Matrix. This includes any “review” and/or “deny” codes the bureau may send. 247 Lender requires codes 01-05 and 97-99 to be configured. A code 00 should also be configured whether you use automated decisions or not.
To create a new code, use Add Code (F6) to proceed to the second screen.
Link to ID: https://help.cubase.org/cubase/cubase.htm#UAPVMXT-01.htm