Investor Presentaiton
Mortgage Underwriting Process
Centralised Underwriting in-place, no delegated discretions
Bank of Ireland Group
1
Customer
Application
2
Customer
Credit Analysis
3 Credit Decision
4
Loan
Administration
Step 1
Step 2
Step 3
Step 4
Customer makes application through Branch or direct channels (Internet / Phone / Mobile
Mortgage Manager)
Anti Money Laundering checks completed
Interview completed if branch application
Standard application contains information on financing of loan and information on
applicants assets and liabilities
System generated query sent to Irish Credit Bureau and internal risk model
Underwriting receives online application with Bureau and risk model output
Assessment of credit and regulatory requirements
Credit decision is made
Max. 90% LTV for Owner Occupier, Buy-to-Let 75%¹
Appeals process in place for declined applications
Mortgage Approval - stipulate T&Cs and send document requirements to applicant
Send formal letter of offer
*Macro-prudential regulation limits the proportion of new lending that can be written at the LTV maxima.
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