Oracle Unified Loan Origination (ULO) Process Accelerator is a process solution that enables organizations to submit, approve, and track loan applications. Oracle ULO provides dashboards to view process analytics and loan application summary reports. Administrators can modify the business rules and the drop-down lists.

Oracle ULO is a role-based solution; your role determines the tasks you can perform. Oracle ULO delivers the following roles:

- The loan officer submits new loan applications.
- The loan processor collects documentation and collateral information, checks owner and business credit ratings, and initiates disbursement of loans.
- The compliance analyst performs owner and business ID checks.
- The loan underwriter performs the final rejection or approval of loans.

The Loan Origination Process is the main business process for Oracle ULO, and the focus of this topic. Because Loan Origination is a top-level process, it consists of inline and callable subprocesses. The Unified Loan Origination Process diagram is depicted as follows, with an explanation of the process.

Unified Loan Origination Process

The Unified Loan Origination Process involves the following basic steps:

1. The loan officer creates the loan application and obtains applicant signatures.
2. The loan processor collects the documentation and collateral information needed for approval of the loan.
3. The loan processor checks business and owner credit ratings, while the compliance analyst performs ID checks. (Collateral appraisal and background checks are done automatically.)
4. The loan underwriter performs the underwriting review and makes the final decision to reject or approve the loan.
5. If the loan is approved, the loan processor prepares for disbursal and disburses the loan.

This topic walks through the Oracle Unified Loan Origination Process illustrating how loan personnel submit, approve, and track loan applications.