Cygnet Digital’s underwriting model is an automated credit decisioning & fully encrypted lending approach that structure a credit facility by analyzing borrower’s data points such as sales data, purchase data, GST data, bank statements and more, reducing risks and increasing the probability of the credit repayment.
Architectural flow
Features
Data gathering
Collect all the business and financial details of the borrowers
Data analyzing
Assess the company's financial performance basis fin-ratio analysis and understanding the financial statements
Real-time access
Make real-time decisions with enhanced accuracy and performance
Updated platform
On the cloud platform which can be accessed anytime and is regularly updated
FAQ
When a lending organization verifies prospect borrowers’ financial details such as income, assets, debt, and other details to approve the loan applications, this process is called underwriting.
They check and verify the submitted financial documents of the borrowers to ensure their financial health to know whether they can repay the loan.
