Approval Drop

Capital approval rates have gone down for our overall approval rate. Let’s say last week it was 85% and the approval rate went down to 82% this week which is a statistically significant reduction.

The first analysis shows that all approval rates stayed flat or increased over time when looking at the individual products:

• Product 1: 84% to 85% week over week
• Product 2: 77% to 77% week over week
• Product 3: 81% to 82% week over week
• Product 4: 88% to 88% week over week

What could be the cause of the decrease?