- 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.
- In this example, you will create a
- Business Loan
- .
- 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 Business Term Loan.
- You can enter more information in optional fields.
- In this example, you will add a new applicant.
- Use the
- Create Loan Application
- page to create and submit a loan application. You can choose a
- Loan Type
- and proceed with a Consumer Loan or a Business Loan.
- 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
- Business
- tab to add business details and business assets and liabilities.
- Use the
- Assets & Liabilities
- tab to enter business asset and liability information.
- Use the
- Owners
- tab to add owners, enter owner details, income and employment details, and assets and liability information.
- You can select an applicant from the existing list of saved applicants by clicking the
- Search
- button, or add a new applicant.
- Use the
- Income & Employment
- tab to enter applicant income and employment details.
- Use the
- Assets & Liabilities
- tab to enter owner asset and liability information.
- Enter contact information as necessary. In this example, contact information has been completed for you.
- Enter contact information as necessary. In this example, contact information has been completed for you.
- Original Path
- Applications
- Start Loan Application
- Business Loan
- Continue
- Product
- Search
- Add
- No data to display
- Amount
- Amount
- Loan Purpose
- Loan Purpose
- Term (in months)
- Term (in months)
- Variable Rate
- Variable Rate
- Payment Frequency
- Quarterly
- Business
- Add
- Organization Name
- Organization Name
- Organization Type
- Non Profit
- Industry Type
- Industry Type
- Organization Country
- United States of America
- Organization State
- California
- Number Of Owners
- Number Of Employees
- Number Of Employees
- Work Phone
- Work Phone
- Save
- Assets & Liabilities
- Add
- Type
- Automobile
- Sub Type
- Car
- Value(USD)
- Value(USD)
- Institution
- Institution
- Account Number
- Account Number
- 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
- Owners
- Add
- Last Name
- Last Name
- First Name
- First Name
- Salutation
- Miss
- Gender
- Female
- Government Id
- Government Id
- Date of Birth
- Date of Birth
- Nationality
- American
- Save
- Owner Type
- Primary
- Income & Employment
- Occupation
- Occupation
- Yearly Gross Income
- Yearly Gross Income
- Add
- Employer Name
- * Employer Name
- Job Title
- Start Date
- Employer Phone
- * Employer Phone
- Assets & Liabilities
- Add
- Type
- Real Estate
- Sub Type
- Home
- Value (USD)
- Value (USD)
- Institution
- Institution
- Account Number
- Account Number
- Ownership Type
- Individual
- Description
- Description
- Add
- Type
- Credit
- Sub Type
- Credit Card
- Balance (USD)
- Balance (USD)
- Institution
- Institution
- Account Number
- Account Number
- Ownership Type
- Individual
- Description
- Description
- Submit
- Number Of Owners
- As a loan officer, you use Oracle Unified 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 and business contact, income, employment, asset, and liability information.
- In this topic, you will
- create and submit a new loan application.