- Creating a Loan Application
- Creating a Loan Application
- Begin by navigating to the
- Create Loan Application
- page.
- You have completed the
- Creating a Loan Application
- topic.
- 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.
- You can specify search criteria or click
- Search
- without criteria to list all loan products.
- 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.
- You can enter more information in optional fields.
- You can enter more information in optional fields.
- Use the
- Create Loan Application
- page to create and submit a loan application.
- Use the
- Loan Details
- tab to enter basic information about the loan.
- The
- Application ID
- field automatically populates when the
- Create Loan Application
- page opens.
- You can match
- All
- fields having a value, narrowing the search, or you can match
- Any
- field having a value, widening the search.
- After you select the product, some fields become editable and some are automatically populated.
- Note:
- All fields with an
- Asterisk
- (*) are required.
- 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
- .
- The
- Interest Rate
- field automatically populates based on the product selected. You can change this value.
- Use the
- Applicants
- tab to add applicants and applicant information.
- Use the
- Applicant Detail
- tab to view saved applicant information.
- Use the
- Income & Employment
- tab to enter applicant earnings information.
- 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.
- Use the
- Assets & Liabilities
- tab to enter applicant asset and liability information.
- Use the
- Save
- command on the
- Actions
- menu to save a loan application without submitting it.
- Original Path
- Adding applicant contact information
- Adding applicant income and employment
- Adding applicant asset and liabilities
- Start Loan Application
- Product Search
- Search
- Add
- Amount
- Amount
- Amount
- Loan Purpose
- Loan Purpose
- Term (in months)
- Term (in months)
- Payment Frequency
- Monthly
- Applicants
- Add
- Last Name
- Last Name
- First Name
- First Name
- Salutation
- Miss
- Gender
- Female
- SSN/Tax ID
- SSN/Tax ID
- Marital Status
- Unmarried
- Date of Birth
- Date of Birth
- Nationality
- American
- Address Line 1
- Address Line 1
- Country
- United States of America
- State
- California
- City
- City
- Zip Code
- Zip Code
- Email Address
- Email Address
- Home Phone
- Home Phone
- Rent or Own
- Rent or Own
- Monthly Payment
- Monthly Payment
- Living Since
- Living Since
- Save
- Applicant Type
- Borrower
- Income & Employment
- Occupation
- Occupation
- Yearly Gross Income
- Yearly Gross Income
- Add
- Employer Name
- Employer Name
- Job Title
- Job Title
- Start Date
- Start Date
- Employer Phone
- Employer Phone
- Employer Address
- Employer Address
- Assets & Liabilities
- Add
- Type
- Automobile
- Sub Type
- Car
- Value (USD)
- Value (USD)
- Ownership Type
- Individual
- Description
- Description
- Add
- Type
- Loan
- Sub Type
- Home Equity
- Balance (USD)
- Balance (USD)
- Institution
- Institution
- Account Number
- Account Number
- Ownership Type
- Individual
- Description
- Description
- Submit
- As a loan officer, you use Oracle Financial Services Loan Origination to submit a loan application to the loan processor and other loan personnel for approval. You determine the loan type and collect applicant contact, income, employment, asset, and liability information.
- In this topic, you will
- create and submit a new loan application.