C.M.R. 94, 178, ch. 503, app 178-503-1
Risk Rating |
1 Superior | 2 Desirable | 3 Acceptable | 4 Marginal | 5 Substandard | 6 Doubtful | 7 Loss | |
Credit History - (suggested range) | Clear - (750+) | 3 Derog max 0>30 days (700-749) | 5 Derog max 1>60 days (650-699) | 5 Derog max 1>60 days (575-649) | Some >90 days - (500-574) | Many >90 days - (450-499) | Bankruptcy /Charge offs (Below 450) |
Cash Flow | 2 years + 1.3:1 | 1 year + 1.15-1.25:1 | 1 year + 1.1-1.15:1 | 0.8-1.1:1 | 0.6-0.79:1 | 0.5-0.6:1 | Insufficient or Pro Forma |
Debt Ratio | 38% max | 40% max | 45% max | 48% max | Over 48% | Over 50% | Over 55% or Pro Forma |
Lien Position | 1st | 2nd | Unsecured or >LTV | ||||
LTV | <70% | <80% | <90% | <95% | 96%-100% | 100 -101% | 101 - 105% |
Management Exp | 6 years + | 5 years + | 4 years + | 3 years + | 2 years + | 1 years + | > 1 year experience |
Risk Factor Credit History | A Rank (1-7) | B Weight 25% | AxB Total 0 | Score of 1 - 3.99 = Approval Score of >= 4.00 = Denial |
Cash Flow | 40% | 0 | ||
Debt Ratio | 5% | 0 | ||
Lien Position | 5% | 0 | ||
LTV | 10% | 0 | Score of 1-1.99 = Prime -1 | |
Management Exp. | 15% | 0 | Score of 2-2.99 = Prime | |
Total Score | 0 | 100% | 0 | Score of 3-3.99 = Prime +1 |
C.M.R. 94, 178, ch. 503, app 178-503-1