Risk Rating System Tool
(Code: RDC-1764)

You can aggressively pursue Remote Deposit Capture and increase your institution’s core deposits, but as you do so, it is imperative you have underwriting procedures in place to evaluate current and potential customer’s creditworthiness. Knowing Your Customer helps mitigate and eliminate one of the risk potentials in a Remote Deposit Capture Program.

With this easy to follow risk rating system, your bank standardizes evaluation of each customer and fact finding process. Whether you have an underwriting department or your lenders handle this process, the risk rating system is a valuable tool.

When writing or modifying purchased policies, this process may be incorporated in the Risk Management section.

What are the benefits of the Remote Deposit Capture Risk Rating System Tool?

• Point system ranks customer "low, medium, or high" risk
• Provides a means of evaluating customers consistently
• Includes fact finding sheet on customer with information such average balances, number of NSFs, and number of chargebacks
• Includes predetermined BSA risk rating in ranking system
• And much more!

Periodically, re-evaluating a customer for creditworthiness is just part of due diligence to minimize the bank’s loss exposure. At each evaluation, the risk rating system can be filled out and processed to review the current creditworthiness of the customer.

This risk rating system is one of many options for any organization. Each institution must decide independently whether this risk rating system is the best one or whether adjustments should be made to the tolerances and business model.

The risk rating system is in an Excel format, so the institution can easily make changes to the model to fit its standards and processes. We recommend in all cases that this risk rating system be reviewed by each institution’s Compliance Officer, Bank Secrecy Act Officer, Chief Credit Officer, and Risk Manager, as appropriate.

SEE OUR SPECIAL PRICING PACKAGES AT A FRACTION OF THE COST! 

If you have questions, please email us or call (770) 653-2389.

After purchasing the risk rating system, you will be provided a link to download the document.