Overview of the Oracle Unified Loan Origination Process Lifecycle
Overview of the Oracle Unified Loan Origination Process Lifecycle
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Overview of the Oracle Unified Loan Origination Process Lifecycle
Test Results
Overview of the Oracle Unified 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 the business information and saves the details.

The loan officer completes all the required fields pertaining to business assets and liabilities.

The loan officer completes all the fields pertaining to owner assets and liabilities information.

The loan officer completes all the fields pertaining to the owner information and saves all details.

The loan officer completes all the fields pertaining to owner income and employment information.

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

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

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

The loan officer uses the Obtain approval from applicant for loan application number page to collect applicant signatures for a loan application.

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

The loan officer uploads the signed application form.

As an optional task at this stage, the loan officer uploads other relevant documentation.

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

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

The loan processor uses the Collect documentation from applicant for loan application number page to collect applicant documentation and collateral information.

The loan processor uses View Checklist to verify that the required documents are uploaded.

The loan processor completes all the fields pertaining to collateral information and saves the details.

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

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

The loan processor uses the Review owner and business credit for loan application number for applicant page to view applicant credit information.

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

The loan processor views the owner 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 compliance analyst double-clicks the Task object to open the loan application.

The compliance analyst uses the Verify business identification documents for loan application number for applicant page to verify business identification documents.

The compliance analyst completes all the fields pertinent to business identity verification.

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

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

The compliance analyst uses the Verify owner identification for loan application number for applicant page to verify applicant identification documents.

The compliance analyst records the document verifications.

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

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

The loan underwriter uses the Evaluate loan application number for applicant page to check all loan and applicant information.

The loan underwriter records the underwriting decision.

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 to open the loan application.

The loan processor uses the Obtain final signatures from applicant for approved loan application number 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 the Task to open the loan application.

The loan processor uses the Perform final review of approved loan application number for applicant 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 processor checks the Identity Verified option.

Overview of the Oracle Unified Loan Origination Process Lifecycle

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