Small value short-term credit is an important and profitable component of the AFS product suite. The key to a successful small value credit program is implementing effective risk management practices and guidelines including loan origination, processing, underwriting, and servicing and collections.
NMP Risk management and underwriting program components include:
Unbanked and underbanked consumers typically get categorized as “sub-prime” because they either have no credit score or a thin file. These consumers and small business need loan products designed to help them establish a prime based relationship, such as small value loans, secured credit cards, and “credit builder” loans. Our risk management solution supports these products with alternative underwriting and scoring models, and loan origination, processing, servicing and collections practices and procedures.