- Understanding the Consumer Credit Check Ruleset
- Understanding the Consumer Credit Check 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 Financial Services Loan Origination uses the Credit Check Decision Table, in the Credit Check Ruleset, to determine the type of credit check to perform for a loan applicant. The credit check type is based on the loan amount. 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. A dash means "this value doesn't matter." 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 Credit Check 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.
- Credit Check Decision Table
- An applicant applies for an Auto Loan of $10000. The bank hasn't requested her scores since she bought a house five years earlier, so the bank requests them again.
- 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.