Overview of Oracle Financial Services Loan Origination Process Lifecycle
Overview of Oracle Financial Services Loan Origination Process Lifecycle
_NR_Est Tim:
_NR_Test Set:
Overview of Oracle Financial Services Loan Origination Process Lifecycle
Test Results
Overview of Oracle Financial Services Loan Origination Process Lifecycle

The loan officer begins by navigating to the Create Loan Application page.

The loan officer uses the Create Loan Application page to create and submit a loan application.

The loan officer completes all required fields pertaining to the loan details.

The loan officer completes all required fields pertaining to basic applicant information.

The loan officer completes all required fields pertaining to applicant income information.

The loan officer completes all required fields pertaining to applicant asset and liability information.

The loan officer clicks the Submit button, to save and submit the loan application.

The loan officer double-clicks on the Task to open the loan application.

The loan officer views the application form and prints it for the applicants to sign.

Loan personnel use the My Tasks page to process loan applications.

The loan officer uses the Obtain Approval page to collect applicant signatures for a new loan application.

The loan officer uploads the signed application form.

The loan officer clicks the Submit button, which saves and submits the signed loan application form.

The loan processor double-clicks on the Task object to open the loan application.

The loan processor uses the Collect Documentation page to collect applicant documentation and collateral information.

The loan processor views the checklist of required documents.

The loan processor uploads copies of the required documents.

The loan processor completes all required fields pertaining to applicant collateral if the loan type is Secured Personal Loan.

The loan processor clicks the Submit button, which saves and submits the applicant documentation and collateral information.

The compliance analyst double-clicks on the Task object to open the loan application.

The compliance analyst uses the Verify Applicant Identification page to verify applicant identification documents.

The compliance analyst views documents by clicking on the document links.

The compliance analyst records the document verifications.

The compliance analyst clicks the Approve button, which saves and submits the applicant document verification.

The loan processor double-clicks on the Task object to open the loan application.

The loan processor uses the Review Applicant Credit page to view applicant credit information.

The loan processor views the applicant credit score, along with collection or delinquency information, if any.

The loan processor clicks the Submit button, to save and submit the applicant credit information.

The loan underwriter double-clicks the Task to open the loan application.

The loan underwriter uses the Evaluate Loan Application page to check all loan and applicant information.

The loan underwriter clicks the Approve button, which saves and submits the underwriting decision.

If the Electronic Signatures Ruleset is set to false, the loan application is routed to the loan processor. The loan processor double-clicks on the Task object to open the loan application.

The loan processor uses the Obtain Final Signatures page to collect applicant signatures for the loan application contract.

The loan processor views the contract and prints it for the applicants to sign.

The loan processor uploads the signed contract.

The loan processor clicks the Submit button, which saves and submits the signed contract.

The loan processor double-clicks on the Task object to open the loan application.

The loan processor uses the Perform Final Review page to approve final disbursement.

The loan processor approves the final disbursement.

The loan processor clicks the Approve button, which saves and submits the disbursement decision.

The loan underwriter records the underwriting decision.

The loan applicant double-clicks on the Task object to open the loan application. The loan application is routed to the applicant if the Electronic Signature Ruleset is set to true.

The loan applicant uses the Provide electronic signature on contracts for loan application page to review the customer agreement and sign the document electronically.

The loan applicant successfully completes the sign off process.

The loan applicant clicks the Submit button which routes the application to the loan processor.

Overview of Oracle Financial Services Loan Origination Process Lifecycle

You have completed the Overview of Oracle Financial Services Loan Origination topic.

Frame ID:

| ; |  |

Frame ID: