February 2011 - Gruppo Banca Carige

The underwriting processDATA COLLECTIONAND INPUTCollection of documents from theborrower (financial status &credit performance; as well asproperty information—location,type)INTERNAL RATING SCORINGAssessment of borrower’s creditworthiness via internal model,based on borrower’s and otheravailable informationCREDIT BUREAUBorrower’s credit checkwith CRIFPROPERTY VALUATIONProperty appraisal performedby an independent appraiserDELIBERATIONKey facts for credit decision• Debt to income• Credit Score• Credit period• LTV• Age• CRIF Score• Property appraisal report• Balance sheet analysisATTRIBUTION OF FILEACCORDING TO LIMITSOn the basis of the internallimits and of the borrower’s andloan characteristics, the file isassigned to the appropriateresponsible for the creditdecisionPre-closing procedures:• Execution of loan & guarantor’s contracts• Signing of insurance contracts• Notarisation of the mortgage contract• Registration of the propertyClosingGRUPPO CARIGE 23