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  • System Design - Assignment

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    Sabyasachi Sahu
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    The document discusses CarDekho's inventory financing workflow and system architecture. The workflow involves 10 steps: 1) pre-qualification 2) document submission and verification 3) underwriting 4) closing and disbursement 5) covenant and collateral management. It also describes the user journey of an auto dealer applying for financing through the system. The system architecture allows dealers to apply for loans online, has algorithms to evaluate assets and risk, and includes features for loan servicing and reporting.

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    System Design_Assignment

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    The document discusses CarDekho's inventory financing workflow and system architecture. The workflow involves 10 steps: 1) pre-qualification 2) document submission and verification 3) underwriting 4) closing and disbursement 5) covenant and collateral management. It also describes the user journey of an auto dealer applying for financing through the system. The system architecture allows dealers to apply for loans online, has algorithms to evaluate assets and risk, and includes features for loan servicing and reporting.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    8 views7 pages

    System Design - Assignment

    Uploaded by

    Sabyasachi Sahu
    The document discusses CarDekho's inventory financing workflow and system architecture. The workflow involves 10 steps: 1) pre-qualification 2) document submission and verification 3) underwriting 4) closing and disbursement 5) covenant and collateral management. It also describes the user journey of an auto dealer applying for financing through the system. The system architecture allows dealers to apply for loans online, has algorithms to evaluate assets and risk, and includes features for loan servicing and reporting.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 7

    CarDekho

    Inventory Financing
    Table of
    Contents
    I Inventory Financing Workflow

    II User Journey Across The Workflow

    III Inventory Financing System Architecture

    IV Mock-Ups
    Inventory Financing Workflow

    Pre-Qualification Doc Submission & Verification Underwriting Closing & Disbursement Covenant & Collateral Management

    • P&L and Balance Sheets • Risk Assessment • Terms Presentation


    • Credit Line • Covenant Monitoring
    • Bank Info & Tax Statements • Draw Loan Conditions • Escrow Management
    • Collateral Valuation • Collateral Disposition
    • Collateral Documentation • Determine Loan to Value • Loan Booking • Collections & Remedials
    • KYC & Compliance Checks

    Step 1 Step 2 Step 3 Step 4 Step 5 Step 6 Step 7 Step 8 Step 9 Step 10

    • Loan Origination in Portal • Dealer Credit Score • Draw Credit Line Conditions • Track payments • % Approved
    (through web/ mobile) • Debt to Income Ratio • Compliance Checks • Payment Reminders • Net New Lending
    • Asset selection for financing • Liquidity Score • Multi Layer Approval • Payment Reconciliation • Leverage Ratio
    • Required Funding • Inventory Turnover Score • Affordability Report
    • Personal & Business Details

    Loan Application Credit Analysis & Decisioning & Approval Loan Servicing Reporting
    Scoring
    Journey for John who wants to secure financing on his fleet of 10 cars

    Used Car Dealer E-mail/ Notification


    .
    END

    No
    Buys asset Upload All Upload Valid No Onboard
    Apply for Provide Sign Agree?
    from Docs Reqd. docs Member New
    Loan Details digitally
    CarDekho Online online ? Dealer

    Yes Yes

    .
    END
    Sign
    digitally
    . .
    Asset Value
    .
    Yes
    Algorithms
    Auctions DB Algorithms
    . Pricing Engine Send Terms to
    Customer
    UW Associate

    Review Apply Yes


    Info No Evaluate Evaluate Send for
    Completen Evaluate Approved?
    Credit Eligible? Collateral Credit Line
    ess & Missing? Risk Profile Approval
    Profile Value LTV Rule
    Accuracy
    No

    . Credit Bureau
    Approve & Create
    Transfer Set Credit
    Open Loan
    Funds Limit
    E-mail/ Notification Tranche Folder
    Associate

    Yes
    Ops

    Set Yes No Flag for


    Transaction Loan Closure Top Up Credit Repayment Hold
    Repayment Paid? Paid? Default
    Booking Certificate Line Reminder Collateral
    Schedule Management
    No
    Collections
    Associate

    Update Assets Establish 3rd party


    Loan Closure
    Debt
    Collection
    Connection,
    send mails
    Flag
    Deliquencies
    Manage
    Settlements
    Settled?
    Yes
    Certificate
    Collections
    agency
    .
    END

    No
    Inventory Financing System Architecture

    Dealer Experience UW Associate Experience Operations Associate Experience


    Experience
    Agency Reporting
    Layer

    Process
    Layer
    Identity Auctions Loan Doc Submission Credit Risk Profiling Approval Pricing Tranche Management Payment Default ManagementReporting
    E-mail/Notify
    Management Onboarding Application & Verification Evaluation Engine Handling

    Data
    User Cust Borrower
    Borrower Docum Credit Delinquent Borrower
    E-sign Loans + Collateral Valuation Payment Layer
    Directory Data Data
    Data ent Score Accounts Data

    . . . . . . . . .
    Auctions Borrower Document Credit Loan Origination System Auctions Payment Recovery Borrower
    Docusign
    Database Database Mgmt Bureau with AUS Database Gateway Manager Database
    Mock Up – Borrower Portal & Dashboard (1)
    Mock Up – Borrower Portal & Dashboard (2)

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