The following flowchart depicts an application’s lifecycle from initialization through to disbursement. All user and Framework actions are illustrated in the dark-blue items. All system and rule-based actions are illustrated in the light-blue items.
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Screens and Workflow Model
The flowchart assumes that an application is processed using a workflow with the following screens:
Origination
- Applicants
- Assets
- Credit Reporting
- Liabilities
- Collaterals
- Loan Terms
Underwriting
- Underwriting Review screen with the following panels:
- Stipulations
- Counteroffers
Post Decision/Disbursement (Approval Stage)
- Cross-sells
- Stipulations (panel)
- Funding (panel)
- OFAC (panel)
- Document Processing (connector)
Permissions
In addition to the aforementioned screens, this flowchart also assumes that the following lending permissions have been granted to the users/groups completing the application:
Initialization
-
Create New Loan Application
Origination
- Change Assets on Application
- Change Liabilities on Application
- Get Vehicle Valuation in Application
Underwriting
- Approve Application
- Complete Manual To-dos
- Counteroffer – Add, Edit and Delete
- Counteroffer – Approve Application on Counteroffer Acceptance
- Decline Application
- Stipulations – Add Clear
Post Decision (Approval)
- Change Application After Decision
- Complete Manual To-dos
Disbursement
- Disburse Loan Application
- Manually Disburse Loan Application
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For information about screens, workflow models, permissions or any other configurations that affect the application lifecycle, please refer to the Administrator Guide. |