Loan Application Borrower Assessment Information

Definition

Loan Application Borrower Assessment Information. Information about the borrower in relation to the loan. Specifically this is a bundle of information whose purpose is to identify the borrower and to assess their ability to pay (credit worthiness etc.)

Issues and Challenges

Originates from MBS PoC terms, where this was a data table for "Borrower" which on further investigation was really borrower information as at the time of the loan. Additional terms moved elsewhere. PoC review / working Notes: These are really terms of the "Borrower". This separate class only added to make this information visible. Some of the terms form "Commitment" likely belong here as they describe the Loan Borrower relationship not the commitment per se. More process related terms to model about the details of the application process.

Disclaimer

This entry annotates a FIBO Ontology Class. FIBO is a trademark and the FIBO Ontology is copyright of the EDM Council, released under the MIT Open Source License. There is no guarantee that the content of this page will remain aligned with, or correctly interprets, the concepts covered by the FIBO ontology.