Glossary entry
Serviceability assessment
Serviceability assessment evaluates a borrower’s ability to meet repayments by comparing verified income against expenses and liabilities under policy assumptions.
Category
Lending technology
Definition
What makes serviceability defensible
- Clear data sources and consistent assumptions
- Audit trails for inputs and calculation versions
- Controlled overrides with approvals and reasons
Related terms
ServiceabilityHousehold Expenditure Measure (HEM)Net surplus ratio (NSR)Looking for something else? Browse the fulllending technology glossary.
Looking for something else? Browse the fulllending technology glossary.
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