We recorded the provenance of the above decision, from which explanations about the decision can be generated. If you have queries about the above decision, some explanations can be found below by clicking on the corresponding questions below.
Whether a decision made solely by automated means without any meaningful human involvement.
The automated recommendation was reviewed by a credit officer (staff/112) whose decision was based on it application (applications/810), the automated recommendation (recommendation/810) itself, a credit reference (credit_history/810) and a fico score (fico_score/810).
A loan application assessment may consider several types of data about the applicant, such as credit scores, or other publicly available information.
The data Company Co considered for your loan application is the state, the self-reported annual income, type of application, employment length in years, the self-reported job title, the home ownership status, the listed amount of the loan, the purpose of the loan, the number of payments on the loan, the loan title, the address, the month your earliest reported credit line was opened, the number of mortgage accounts, the number of open credit lines, the number of derogatory public records, the number of public record bankruptcies, total credit revolving balance, revolving line utilization rate, your higher FICO score and your lower FICO score.
Some information you provided may not be used, either because it is not legal to do so orthe organisation deemed it is not relevant to the decision of approving your loan.
The data that Company Co excluded for the processing of your loan application are the self-reported job title, the address, the number of mortgage accounts, the loan title provides by you, type of application, the number of public record bankruptcies and the number of derogatory public records.
Data considered by a credit institution may come from a variety of sources.
The data sources were your loan application (applications/810) provides by you (applicants/810), your credit reference (credit_history/810) provides by credit referencing agency (credit_agency) at 2023-01-10T11:25:08.559848, your FICO score (fico_score/810) provides by credit referencing agency (fico) at 2023-01-07T03:34:54.114492 and your loan application (applications/810) provides by you (applicants/810).
Data used in loan decision making may be collected a long time ago and no longer relevant.
The external data sources were your credit reference (credit_history/810) provides by credit referencing agency (credit_agency) at 2023-01-10T11:25:08.559848, your FICO score (fico_score/810) provides by credit referencing agency (fico) at 2023-01-07T03:34:54.114492, your credit reference (credit_history/810) provides by credit referencing agency (credit_agency) at 2023-01-10T11:25:08.559848 and your FICO score (fico_score/810) provides by credit referencing agency (fico) at 2023-01-07T03:34:54.114492.
Data correctness may not be guaranteed: the applicant may have made a typo in their application or the data provided by a third-party may be inaccurate.
You can check the data supplied in your original application for any inaccuracy.
In addition, we obtained the following data from third-party providers:
We also calculated the following data from the above and your supplied application data:
An automated decision may be sensitive to a particular demographic such as whether the loan applicant owns a home or not, for instance. In this demonstrator, you can test such sensitivity over home ownership by running a counter-factual test over this characteristic.
The decision pipeline will be run on your application again but with different value on the home_ownership field (compared to what you provided in the application form). The possible values for this field are: OWN, MORTGAGE, RENT, and OTHER.