Ford
origination process dealers submit credit applications and proposed financing terms to ford credit ford credit obtains a credit report for the applicant and uses its proprietary origination system to complete compliance and other checks including fraud alerts and variations credit decisions are made or by an analyst and returned to dealers the origination process is not governed by strict limits and is judgment based using well established purchasing guidelines and control processes to support consistent credit decisions purchase quality guidelines set portfolio targets for lower and marginal quality contracts risk factor guidelines are applicable to specific application attributes including measures such as payment to income and debt to income ratios fico score and term for less applicants or if there is a discrepancy in the information provided by the applicant the credit analyst may verify the identity employment income residency and other applicant information using ford credit procedures before making a decision credit analysts decisions are reviewed regularly to ensure they are consistent with origination standards and credit approval authority | Ford
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Deck date
February 2024
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34 of 105
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