A.
Evaluate an applicant's creditworthiness mechanically, based on key attributes of the applicant and aspects of the transaction, and determine, alone or in conjunction with an evaluation of additional information about the applicant, whether an applicant is deemed creditworthy
B.
Are evaluated by regulatory agencies to determine whether they are empirically derived and statistically sound and to examine: The bank's policies on the use of the credit scoring system Training of bank employees on the use of the system The number of high-side and low-side overrides of the system
Credit scoring systems are indeed used to evaluate an applicant's creditworthiness mechanically, based on key attributes of the applicant and aspects of the transaction. Additionally, regulatory agencies evaluate credit scoring systems to determine whether they are empirically derived and statistically sound. They also examine the bank's policies on the use of the credit scoring system, training of bank employees on the use of the system, and the number of high-side and low-side overrides of the system. Therefore, both statements accurately describe aspects of credit scoring systems and their evaluation.
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Cam22
4 months ago