Adjust interest rates based on risk level
Utilize the automated pricing module to adjust a borrower’s interest rate based on risk level. Sharetec will allow staff to create their own risk pricing adjustments that are automatically applied, based on loan type. Pricing adjustments can be based on a wide range of factors from credit score only to multiple factors, such as delinquency, debt ratios, housing and employment history, etc. This module can also be incorporated into Sharetec’s Automated Lending Decision tool to help in the decision making process.