## Overview of the Oracle Unified 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 the business information and saves the details.
5. | The loan officer completes all the required fields pertaining to business assets and liabilities.
6. | The loan officer completes all the fields pertaining to the owner information and saves all details.
7. | The loan officer completes all the fields pertaining to owner income and employment information.
8. | The loan officer completes all the fields pertaining to owner assets and liabilities information.
9. | The loan officer clicks the Submit button, to save and submit the loan application.
10. | Loan personnel use the My Tasks page to process loan applications.
11. | The loan officer double-clicks the Task to open the loan application.
12. | The loan officer uses the Obtain approval from applicant for loan application number page to collect applicant signatures for a loan application.
13. | The loan officer views the application form and prints it for the applicants to sign.
14. | The loan officer uploads the signed application form.
15. | As an optional task at this stage, the loan officer uploads other relevant documentation.
16. | The loan officer clicks the Submit button, which saves and submits the signed loan application form.
17. | The loan processor double-clicks the Task object to open the loan application.
18. | The loan processor uses the Collect documentation from applicant for loan application number page to collect applicant documentation and collateral information.
19. | The loan processor uses View Checklist to verify that the required documents are uploaded.
20. | The loan processor completes all the fields pertaining to collateral information and saves the details.
21. | The loan processor clicks the Submit button, which saves and submits the applicant documentation and collateral information.
22. | The loan processor double-clicks on the Task object to open the loan application.
23. | The loan processor uses the Review owner and business credit for loan application number for applicant page to view applicant credit information.
24. | The loan processor views the business credit score, along with collection or delinquency information, if any.
25. | The loan processor views the owner credit score, along with collection or delinquency information, if any.
26. | The loan processor clicks the Submit button, to save and submit the applicant credit information.
27. | The compliance analyst double-clicks the Task object to open the loan application.
28. | The compliance analyst uses the Verify business identification documents for loan application number for applicant page to verify business identification documents.
29. | The compliance analyst completes all the fields pertinent to business identity verification.
30. | The loan processor checks the Identity Verified option.
31. | The compliance analyst clicks the Approve button, which saves and submits the business document verification.
32. | The compliance analyst double-clicks the Task object to open the loan application.
33. | The compliance analyst uses the Verify owner identification for loan application number for applicant page to verify applicant identification documents.
34. | The compliance analyst records the document verifications.
35. | The compliance analyst clicks the Approve button, which saves and submits the applicant document verification.
36. | The loan underwriter double-clicks the Task to open the loan application.
37. | The loan underwriter uses the Evaluate loan application number for applicant page to check all loan and applicant information.
38. | The loan underwriter records the underwriting decision.
39. | The loan underwriter clicks the Approve button, which saves and submits the underwriting decision.
40. | 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.
41. | 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.
42. | The loan processor views the contract and prints it for the applicants to sign.
43. | The loan processor uploads the signed contract.
44. | The loan processor clicks the Submit button, which saves and submits the signed contract.
45. | The loan processor double-clicks the Task to open the loan application.
46. | The loan processor uses the Perform final review of approved loan application number for applicant page to approve final disbursement.
47. | The loan processor approves the final disbursement.
48. | The loan processor clicks the Approve button, which saves and submits the disbursement decision.
49. | You have completed the Overview of the Oracle Unified Loan Origination Process Lifecycle topic. End of Procedure.