## Overview of Oracle Financial Services Loan Origination Process Lifecycle

Step | Action
1. | The loan officer begins by navigating to the Create Loan Application page.
2. | The loan officer uses the Create Loan Application page to create and submit a loan application.
3. | The loan officer completes all required fields pertaining to the loan details.
4. | The loan officer completes all required fields pertaining to basic applicant information.
5. | The loan officer completes all required fields pertaining to applicant income information.
6. | The loan officer completes all required fields pertaining to applicant asset and liability information.
7. | The loan officer clicks the Submit button, to save and submit the loan application.
8. | Loan personnel use the My Tasks page to process loan applications.
9. | The loan officer double-clicks on the Task to open the loan application.
10. | The loan officer uses the Obtain Approval page to collect applicant signatures for a new loan application.
11. | The loan officer views the application form and prints it for the applicants to sign.
12. | The loan officer uploads the signed application form.
13. | The loan officer clicks the Submit button, which saves and submits the signed loan application form.
14. | The loan processor double-clicks on the Task object to open the loan application.
15. | The loan processor uses the Collect Documentation page to collect applicant documentation and collateral information.
16. | The loan processor views the checklist of required documents.
17. | The loan processor uploads copies of the required documents.
18. | The loan processor completes all required fields pertaining to applicant collateral if the loan type is Secured Personal Loan.
19. | The loan processor clicks the Submit button, which saves and submits the applicant documentation and collateral information.
20. | The compliance analyst double-clicks on the Task object to open the loan application.
21. | The compliance analyst uses the Verify Applicant Identification page to verify applicant identification documents.
22. | The compliance analyst views documents by clicking on the document links.
23. | The compliance analyst records the document verifications.
24. | The compliance analyst clicks the Approve button, which saves and submits the applicant document verification.
25. | The loan processor double-clicks on the Task object to open the loan application.
26. | The loan processor uses the Review Applicant Credit page to view applicant credit information.
27. | The loan processor views the applicant credit score, along with collection or delinquency information, if any.
28. | The loan processor clicks the Submit button, to save and submit the applicant credit information.
29. | The loan underwriter double-clicks the Task to open the loan application.
30. | The loan underwriter uses the Evaluate Loan Application page to check all loan and applicant information.
31. | The loan underwriter records the underwriting decision.
32. | The loan underwriter clicks the Approve button, which saves and submits the underwriting decision.
33. | 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.
34. | The loan applicant uses the Provide electronic signature on contracts for loan application page to review the customer agreement and sign the document electronically.
35. | The loan applicant successfully completes the sign off process.
36. | The loan applicant clicks the Submit button which routes the application to the loan processor.
37. | 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.
38. | The loan processor uses the Obtain Final Signatures page to collect applicant signatures for the loan application contract.
39. | The loan processor views the contract and prints it for the applicants to sign.
40. | The loan processor uploads the signed contract.
41. | The loan processor clicks the Submit button, which saves and submits the signed contract.
42. | The loan processor double-clicks on the Task object to open the loan application.
43. | The loan processor uses the Perform Final Review page to approve final disbursement.
44. | The loan processor approves the final disbursement.
45. | The loan processor clicks the Approve button, which saves and submits the disbursement decision.
46. | You have completed the Overview of Oracle Financial Services Loan Origination topic. End of Procedure.