## Creating a Loan Application

Step | Action
1. | Begin by navigating to the Create Loan Application page. Click the Start Loan Application link.
2. | Use the Create Loan Application page to create and submit a loan application.
3. | Use the Loan Details tab to enter basic information about the loan.
4. | The Application ID field automatically populates when the Create Loan Application page opens.
5. | The Product determines the loan type and some defaults for loan options. Some fields are not editable until you select the product. To select a loan product, you must search for it. Click the Product Search button.
6. | You can match All fields having a value, narrowing the search, or you can match Any field having a value, widening the search.
7. | You can specify search criteria or click Search without criteria to list all loan products. Click the Search button.
8. | The search lists loan products that meet your criteria. Select the loan product for which the applicant is applying. In this example, you will create an application for a Secured Personal Loan. Click an entry in the row.
9. | Click the Add button.
10. | After you select the product, some fields become editable and some are automatically populated. Note: All fields with an Asterisk (*) are required.
11. | Click in the Amount field.
12. | Press [Backspace].
13. | Enter the desired information into the Amount field. Enter a valid value e.g. "20000".
14. | You can change the Channel value if you are accepting loan application information through the Web, a Call Center, a Mobile device, or Others. The default for all products is Branch.
15. | The Interest Rate field automatically populates based on the product selected. You can change this value.
16. | You can enter more information in optional fields. Click in the Loan Purpose field.
17. | Enter the desired information into the Loan Purpose field. Enter a valid value e.g. "New Business".
18. | Click in the Term (in months) field.
19. | Enter the desired information into the Term (in months) field. Enter a valid value e.g. "60".
20. | Click the Payment Frequency list.
21. | Click the Monthly list item.
22. | Click the Applicants tab.
23. | Use the Applicants tab to add applicants and applicant information.
24. | Click the Add button.
25. | Click in the Last Name field.
26. | Enter the desired information into the Last Name field. Enter a valid value e.g. "Williams".
27. | Click in the First Name field.
28. | Enter the desired information into the First Name field. Enter a valid value e.g. "Yasmin".
29. | Click the Salutation list.
30. | Click the Miss list item.
31. | Click the Gender list.
32. | Click the Female list item.
33. | Click in the SSN/Tax ID field.
34. | Enter the desired information into the SSN/Tax ID field. Enter a valid value e.g. "987654327".
35. | Click the Marital Status list.
36. | Click the Unmarried list item.
37. | Click in the Date of Birth field.
38. | Enter the desired information into the Date of Birth field. Enter a valid value e.g. "7/7/1977".
39. | Click the Nationality list.
40. | Click the American list item.
41. | Click in the Address Line 1 field.
42. | Enter the desired information into the Address Line 1 field. Enter a valid value e.g. "77 Oak St".
43. | Click the Country list.
44. | Click the United States of America list item.
45. | Click the State list.
46. | Click the California list item.
47. | Click in the City field.
48. | Enter the desired information into the City field. Enter a valid value e.g. "Oakland".
49. | Click in the Zip Code field.
50. | Enter the desired information into the Zip Code field. Enter a valid value e.g. "94610".
51. | Click in the Email Address field.
52. | Enter the desired information into the Email Address field. Enter a valid value e.g. "yasmin.williams@example.com".
53. | Click in the Home Phone field.
54. | Enter the desired information into the Home Phone field. Enter a valid value e.g. "5105550177".
55. | You can enter more information in optional fields. Click in the Rent or Own field.
56. | Enter the desired information into the Rent or Own field. Enter a valid value e.g. "Own".
57. | Click in the Monthly Payment field.
58. | Enter the desired information into the Monthly Payment field. Enter a valid value e.g. "2000".
59. | Click in the Living Since field.
60. | Enter the desired information into the Living Since field. Enter a valid value e.g. "3/3/2005".
61. | Click the Save button.
62. | Use the Applicant Detail tab to view saved applicant information.
63. | Click the Applicant Type list.
64. | Click the Borrower list item.
65. | Click the Income & Employment tab.
66. | Use the Income & Employment tab to enter applicant earnings information.
67. | Click the Self-Employed option if the applicant owns a business. In the Total Other Income field, enter any income not from the applicant's primary job.
68. | Click in the Occupation field.
69. | Enter the desired information into the Occupation field. Enter a valid value e.g. "School Principal".
70. | Click in the Yearly Gross Income field.
71. | Enter the desired information into the Yearly Gross Income field. Enter a valid value e.g. "100000".
72. | Click the Add button.
73. | Click in the Employer Name field.
74. | Enter the desired information into the Employer Name field. Enter a valid value e.g. "Lincoln Middle School".
75. | Click in the Job Title field.
76. | Enter the desired information into the Job Title field. Enter a valid value e.g. "Principal".
77. | Click in the Start Date field.
78. | Enter the desired information into the Start Date field. Enter a valid value e.g. "2/2/2002".
79. | Click in the Employer Phone field.
80. | Enter the desired information into the Employer Phone field. Enter a valid value e.g. "5105550197".
81. | Click in the Employer Address field.
82. | Enter the desired information into the Employer Address field. Enter a valid value e.g. "97 Oak St".
83. | Click the Assets & Liabilities tab.
84. | Use the Assets & Liabilities tab to enter applicant asset and liability information.
85. | Click the Add button.
86. | Click an entry in the row.
87. | Click the Type list.
88. | Click the Automobile list item.
89. | Click the Sub Type list.
90. | Click the Car list item.
91. | Click in the Value (USD) field.
92. | Enter the desired information into the Value (USD) field. Enter a valid value e.g. "22000".
93. | Click the Ownership Type list.
94. | Click the Individual list item.
95. | Click in the Description field.
96. | Enter the desired information into the Description field. Enter a valid value e.g. "Mercedes Convertible".
97. | Click the Add button.
98. | Click an entry in the row.
99. | Click the Type list.
100. | Click the Loan list item.
101. | Click the Sub Type list.
102. | Click the Home Equity list item.
103. | Click in the Balance (USD) field.
104. | Enter the desired information into the Balance (USD) field. Enter a valid value e.g. "70000".
105. | Click in the Institution field.
106. | Enter the desired information into the Institution field. Enter a valid value e.g. "Credit Union".
107. | Click in the Account Number field.
108. | Enter the desired information into the Account Number field. Enter a valid value e.g. "123456789".
109. | Click the Ownership Type list.
110. | Click the Individual list item.
111. | Click in the Description field.
112. | Enter the desired information into the Description field. Enter a valid value e.g. "Condominium".
113. | Use the Save command on the Actions menu to save a loan application without submitting it.
114. | Click the Submit button.
115. | You have completed the Creating a Loan Application topic. End of Procedure.