Application Processing

The following flowchart depicts the lifecycle of an account application from Initialization through Disbursement:

Please reference the KEY included at the top of the flowchart for an illustration of how User Generated, System Generated, and Optional actions are depicted throughout the lifecycle of an account application.

Assumptions

Screens and Workflow Model

The flowchart above assumes that an application is processed using a workflow with the following screens:

Origination

Applicants
Account Product screens (Account Terms)
OFAC (panel) - if applicable
Assets - if applicable
Debit Reporting - if applicable
Credit Reporting - if applicable
Liabilities - if applicable

Underwriting

Underwriting Review screen with the following panels:
- Stipulations
- To-dos

Post Decision/Disbursement (Approval Stage)

Cross-sells
Stipulations (panel)
To-dos (panel)
Account Product screen(s) with Account Product Funding panel
Document Processing (connector)

Permissions

In addition to the aforementioned screens, this flowchart also assumes that the following permissions have been granted to the users/groups completing the application:

Initialization

Create New Application

Origination

Change Assets on Application - if applicable
Change Liabilities on Application - if applicable
Permissions to applicable connector functionality (OFAC, Credit, and/or Debit Reporting)

Underwriting

Approve Account
Complete Manual To-dos
Decline Account
Stipulations – Add Clear

Post Decision (Approval)

Change Application After Decision
Complete Manual To-dos

Disbursement

Disburse Account Product
Manually Disburse Application

For more information on screens, workflow models, permissions or any other configurations that affect the application lifecycle, please refer to the Administrator Guide.