The following flowchart depicts the lifecycle of an account application from Initialization through Disbursement:
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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. |
The flowchart above assumes that an application is processed using a workflow with the following screens:
Origination
Underwriting
Post Decision/Disbursement (Approval Stage)
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
Underwriting
Post Decision (Approval)
Disbursement