Suggest ROE Target Using Floor

Overview

For floating or adjustable rate loans that are below the target return, Andi® will recommend adjusting the floor to meet the loan's target ROE. This article will cover testing the skill, and viewing and enabling it in PrecisionLender.

 

In This Article

 

Testing the Skill

Prior to enabling the skill for Production, you first need to ensure that the skill is working properly by testing it. To do this, navigate to the skill details page to enable the skill for your Testing workgroup:

  • Select Testing under the Status section.
  • In the Version drop down, select a version of the skill that you would like to test.
  • Select Save to enable the skill for the Testing workgroup. Once you've enabled this skill for testing, make sure you've added the users who will be testing the skill to the Testing workgroup.

 

Viewing the Skill in PrecisionLender

Shows the skill message in Andi

If the floating or adjustable rate loan is below the target return, Andi® will display the following message: 'Set floor to X% to reach target ROE'.  Click the hyperlinked message to update the Caps and Floors field.

Note: Always remember to save the opportunity to apply your changes.

 

Enabling the Skill in Production

After you've viewed and tested the skill, you are ready to enable the skill for the Production workgroup.

  • Navigate back to the skill details page for the skill you were testing and mark it as Ready For Production.
  • In the Status section, select Production and choose the version of the skill you're enabling. When the latest skill version is published by the skill owner, this will automatically be available for selection in the list.
  • Select Save to enable the skill for the Production workgroup.

Note: After enabling the skill in Production, we recommend disabling it for the Testing workgroup. 

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