New customer acquisition services include telemarketing activities, application processing, underwriting, customer or merchant credit evaluation and verification, credit approval, document processing, ...
As defined by Federal Reserve Regulation B , a judgmental system is any method of credit approval other than an empirically derived, statistically- based scoring model.
Assumable Mortgage - Is a mortgage loan which can be assumed by a new buyer. Generally, the new owner must pass a credit approval process.
Indicative Terms: The likely commercial terms upon which a bank will lend, subject to its internal credit approval or other conditions. It is not a firm offer to lend or arrange a loan.
Judgmental credit analysis entails evaluating the borrowers application and using prior experience dealing with similar applicants to determine credit approval. This process avoids using any algorithms or empirical process to determine approvals.
 See also: Banks, Holding company, Funding, Values, Fraud
  
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