Monthly Income/Credit Score Package

This package includes the Estimated Monthly Income processing and the Income and Credit Score Inquiry Application. The Income and Credit Score Inquiry Application allows users to view a person's estimated monthly income and credit score information by looking at accounts at a particular financial institution making the estimated monthly income an approximation. This may be used to help determine if a person is eligible for a loan.
0
In stock
SKU
RESOFTAPP0055
Developed By: Redstone Federal Credit Union
Version: 2.0.0.0 - Published July 2017

This package includes the Estimated Monthly Income Processing and the Income and Credit Score Inquiry Application.
 
The Estimated Monthly Income Processing SQR Extension calculates estimated monthly income using the ACHFileRecordWarehouse table and RTXN table.  By storing data in an external table (MonthlyIncomeHist) all credits received for a deposit to a checking or saving accounts are totaled and output to a file that may be used for analysis. The types of transactions to be included are controlled via an External Tran Code parameter.  The values obtained for any given member only roughly approximates their monthly estimated income based on accounts they have at an institution.  Certain individuals may be excluded from capture by this process and can be controlled via the exclude person type code parameter.
 
The Income and Credit Score Inquiry Application allows users to view a person’s estimated monthly income and credit score information by looking at accounts at a particular financial institution making the estimated monthly income an approximation.  This may be used to help determine if a person is eligible for a loan.  Credit Score information is only as accurate as the information that is reported to by the Consumer Credit Reporting Agency.  This application uses the external table MonthlyIncomeHist to fetch the estimated monthly income.  This table is created and being populated by Estimated Monthly Income Processing SQT.
 
Benefits

  • Data can be used to invite specific customers/members to avail themselves of loan products or other services offered by the financial institution.

DNAapp Type: Screen

Developed with DNAcreator™

DNAX File Name: MonthlyIncomePackage.dnaxp 

 

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