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Automated processing enables institutions to fully process an approved application with limited or no employee interaction through document processing and disbursement. This process may fully automate approval processing or only specific steps in the post-approval process to complete. For an application to automatically complete the post-approval process, the application must be flagged as Ready for Documents and Ready for Disbursement. Once these criteria are met, disbursement may proceed.

Ready for Documents

To automatically proceed from the Application Approved stage to the Ready for Documents stage, the calculation process flags an application as IsAccountReadyForDocs. For an application to be flagged as IsAccountReadyForDocs the following items must be fulfilled:

• Primary Applicant Account Number is not blank.
• Application Account Number must have a value.
• No remaining account stipulations/to-dos required for documents:
  • Stipulations met/waived
  • Manual To-dos completed
  • Automated To-dos completed

The fulfillment and enforcement of these requirements may be completed through the following configurations:

Assign Primary Applicant Account Number

Configure an Event Processing pair to automatically create new member account for non-member applications.

• If Account Origination is active or the HOST_AUTOGEN_PERSONNUMBER parameter is set to True, use the new Create New Member Account action in the event/action pair.
• If using custom code to create new member accounts, use the existing Execute Code action to call the custom code in the event/action pair.
• If a Symitar PowerOn is used to create new member accounts, use the existing Execute PowerOn action to call their PowerOn in the event/action pair.

Assign Application Account Number

Configure an Event Processing pair to automatically generate the next available suffix.

• If using custom code to assign the next available suffix, use the existing Execute Code action to call the custom code in the event/action pair.
• If using rules to assign the next available suffix, use the existing Execute Rules action in the event/action pair.
• Otherwise use the new Assign Next Available Suffix action in the event/action pair.

Fund Application

Author event processing rules using the following templates to automatically create/add funding records:

• Add an Internal Transfer funding record to an Account 

Once the funding rule has been authored, use the Execute Rules action within Event Processing to automatically create funding records based on rule logic.

Validations and Stipulations

Stipulations

Using Rules Manager author Stipulation rules that assign stipulations which are required for document generation.

Validations and To-dos

Using Rules Manager author Validation Rules that add To-Dos which are required for document generation.

Ready for Disbursement

To automatically proceed from the Ready for Documents stage to the Ready for Disbursement stage, the calculation process flags an application as IsAccountReadyForDisbursement. For an application to be flagged as  IsAccountReadyForDisbursement the following items must be fulfilled:

• Document package statuses are set to Completed, once all signatures are received.
• No remaining account stipulations/to-dos required for disbursement:
  • Stipulations met/waived
  • Manual To-dos completed
  • Automated To-dos completed

The fulfillment and enforcement of these requirements may be completed through the following configurations:

Generate Documents

Configure an Event Processing pair to automatically create application documents based on the following configurations: 

• Select the Field Changed event and choose the following field:
  • IsAccountReadyForDocs
• Select the Generate Documents action.

Validations and Stipulations

Stipulations

Using Rules Manager author Stipulation rules that assign stipulations which are required for disbursement.

Validations and To-dos

Using Rules Manager author Validation Rules that add To-Dos which are required for disbursement.

 

 

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