I had an uncle who worked on a rural independent regional bank. While this was a while ago, the bank could and would use a variety of factors including referen

I had an uncle who worked on a rural independent regional bank. While this was a while ago, the bank could and would use a variety of factors including references, propensity towards substance issues and others to make a loan. I wouldn’t doubt that if you sat down, and created a data set/data collection scheme to gather this data you could make an algorithm to closely mirror the outcomes of a loan decision. However as a human, the loan officer might simply add a new criteria as desired.