Add a GL Voucher Funding Record to a Loan

Using the Add a GL Voucher Funding Record to a Loan action template, rule authors are able to create general ledger loan allocations that include an allocation amount as well as destination general ledger.

To begin authoring this type of rule, navigate to System Management > Origination > Rules Management and click to open Rules Manager. Create a new rule using the Event Processing category.

Within the If Statement, define the conditions which must be met in order for a GL funding record to be added. For example:

Application Approved
Application Auto Approved

When authoring the Then Statement, select the "add a GL Voucher Funding Record to a Loan" action template. Upon selecting this template, the following vocabulary populates:

Add a GL voucher funding record to a Loan with a voucher code of <select a GL> and an amount of <Amount>

<select a GL> allows rule authors to identify the general ledger where the loan proceeds are to be deposited.

The GL vouchers that populate in this list are identified in the Lending.GLVoucher table in the database.

<Amount> allows rule authors to determine how much of the loan proceeds should be deposited in the selected general ledgerr.

The example below provide a demonstration of a rule that distributes the Vendor Fee Amount to the Lender Fees general ledger.

After the rule is created, it is assigned to an event by the Execute Rules action type within Event Processing.