Set Up Decision Matrices to Determine Offer Rates for a Loan
Set up decision matrices and then build an expression set to automate the process of identifying and presenting loan offers that are best suited for a loan applicant.
Required Editions
| Available in: Lightning Experience |
| Available in: Professional, Enterprise, and Unlimited Editions |
| User Permissions Needed | |
|---|---|
| To create, update, and delete decision matrices and expression sets: | Rule Engine Designer |
| To use decision tables in Business Rules Engine: | Rules Engine Runtime |
-
To determine the offer rates for a loan based on credit score, create a decision
matrix.
If you already created the decision matrix to determine the credit score category, you can skip this step.
-
To determine the offer rates for a loan based on the requested term, create another
decision matrix.
If you already created the decision matrix to determine the requested term category, you can skip this step.
-
To determine the offer rates for a loan based on the applicant’s annual income, create
another decision matrix.
If you already created the decision matrix to determine the annual income category, you can skip this step.
-
To determine the offer rates for a loan based on the applicant’s age, create another
decision matrix.
If you already created the decision matrix to determine the age category, you can skip this step.
-
To determine the offer rates for a loan based on the requested amount, create another
decision matrix.
- Enter Requested Amount Category as the name of the decision matrix.
-
Create two columns with these settings.
Column Header Header Type Data Type RequestedAmount Input Number Range RequestedAmountCategory Output Text -
Add these sample rows and values.
RequestedTerm RequestedTermCategory 100000 Very Low 500000 Low 1000000 Medium 2000000 High 5000000 Very High You can add more rows and values to suit your business needs.
- Save your changes and activate the decision matrix.
-
To determine the offer rates for a loan based on credit score category, employment type,
annual income category, risk category, loan type, requested term category, PIN code, age group,
requested amount category, create another decision matrix.
- Enter Loan Offer Rate as the name of the decision matrix.
-
Add these columns and settings.
Column Header Header Type Data Type CreditScoreCategory Input Text EmploymentType Input Text AnnualIncomeCategory Input Text RiskCategory Input Text LoanType Input Text RequestedTermCategory Input Text Pincode Input Number AgeCategory Input Text RequestedAmountCategory Input Text InterestRate Output Percent InterestRateType Output Text ValidStartDate Output Text ValidEndDate Output Text - Add rows and values based on your business needs.
- Save your changes and activate the decision matrix.
Note Make sure that you map the table’s output variables to the resources from the expression set version. See Variable Mapping in Lookup Tables.
After you create the decision matrices, reference them from the Loan Offer Rate expression set. The ExpressionSetAction expression set action in the DigitalLendingIndiaGetIntakeProposalsBRE integration procedure calls this expression set to determine the offer rates for a loan. The DigitalLendingIndiaGetIntakeProposalsBRE integration procedure is referenced in the DigitalLendingIndiaViewOffers Omniscript.
The DigitalLendingIndiaExtractIntakeRecords action in the DigitalLendingIndiaGetIntakeProposalsBRE integration procedure prepares the input data for the expression set.
