- Understanding the Business Appraisal Ruleset
- Understanding the Business Appraisal Ruleset
- You must have a solid working knowledge of Oracle SOA Suite, Oracle BPM Suite, and Oracle Business Rules before modifying any business rules. For information on these products, see:
- Oracle Fusion Middleware User's Guide for Oracle Business Rules
- Oracle Fusion Middleware Administrator's Guide for Oracle SOA and Oracle Business Process Management Suite
- Oracle Unified Loan Origination uses the Appraisal Decision Table, in the Appraisal Ruleset, to determine whether collateral must be appraised. The appraisal requirement is based on the loan type. This decision table includes conditions and actions as its rows and rules as its columns. The rules test the values of the conditions and set corresponding values for the actions. The rules must account for all possible combinations of values of all conditions in the table. Globals are used to set pre-defined values for certain rules.
- Upon submission of a loan application, the rules engine tests each condition. If a combination of condition values matches a rule, the corresponding actions are taken.
- The Appraisal Decision Table provides the details for each condition, its rules, and the actions to execute. Following the table is an example scenario explaining how a loan application is processed based on the given condition.
- Appraisal Decision Table
- An applicant applies for an Equipment Purchase Loan of $5000. Her collateral is a used motorboat in good condition, which must be appraised.
- You can modify the existing ruleset, conditions, or actions. Take caution before modifying a condition or action, it can require source code changes. Application processing fails if this ruleset is deleted.
- To modify the ruleset, conditions, or actions, see
- "Editing Rules in an Oracle Business Rules Dictionary at Run Time
- Oracle Fusion Middleware User's Guide for Oracle Business Rules.