This wiki contains the term definitions used by the organization and industry. Product teams use this wiki to clarify terms in declarative Gherkin. In addition, it contains the organization's limits and constraints related to each term. Example, what is the acceptable credit score for a credit application.
The wiki requires versioning, so work tickets can reference a specific version of the wiki page. It is better to reference a wiki version, as it is a source of truth. Copying terms, definitions and calculations into a ticket is error prone and does not support traceability.
Back-end ratio definition from Credit.org: “The sum of your monthly mortgage payment and all other monthly debts (credit cards, car payments, student loans, etc.) divided by your monthly pre-tax income. Traditionally, lenders wouldn’t give people loans that increased this ratio past 36%, but they often do now. “
Acceptable back-end ratio is 36% or less. Anything higher is a not acceptable.
Definition from https://www.bankrate.com/glossary/c/credit-score/ A credit score is a number that represents a person’s creditworthiness. Credit scores are based on a variety of personal financial data. Higher credit scores correlate with better creditworthiness. Financial institutions judge people with higher credit scores to have lower credit risk, and grant them a broader selection of credit products at lower interest rates. Fair Issac Corp. (FICO) and VantageScore Solutions are the two leading U.S. credit scoring companies.
Our acceptable rate is 661 or greater.