You can tailor the institution's loan assumptions by product on the Loan Applications setup page. These settings provide Chief Loan Officers (CLOs) and senior credit officers with considerable flexibility for defining assumptions.
Once established, other lending officers can use these assumptions to accurately price loans and to allocate expenses based on loan criteria such as loan type, loan amount, complexity, and risk factors.
You must create expense and loan loss sets first on the Expenses and Loan Losses tabs before setting up loan products on the Products tab.
You can add the institution's loan products to the Products page. The products can range from commercial to consumer. You can assign unique characteristics, such as capital allocation, expense sets, and risk sets, to each loan product.