Credit Assessment Process
Credora performs technology-driven and systematic Credit Assessments for Borrowers. The Credit Assessment process is outlined as follows:
Initial Information Submission: Complete the platform Account Setup, and submit documentation according to the relevant model Information Submission Guidance.
Initial Review: Credora team completes an initial review of information, and produces an indication of your expected outputs.
Follow-up Requests: Credora team requests additional information or documentation upon the completion of the Initial Review. Responses permit the completion of a Firm Score.
Firm Score: Credora team produces a Firm Score, and delivers a complete factor breakdown. Upon approval by the Borrower, the Credit Score, Rating Agency Equivalent, Implied PD, and Additional Borrow Capacity are published on the platform.
Credit Report: Credora team produces a Detailed and Summary Credit Report, available for distribution from the Credora Platform.
Maintenance: Borrowers submit financial documents as generated, and respond to follow-up questions to maintain the active Credit Assessment.
Once the Credit Assessment is complete, the Borrower can distribute the Credit Score, Rating Agency Equivalent (RAE), Implied PD, Borrow Capacity, and Credit Reports to institutional lenders and partner platforms.
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