1.1.7 Loan Approval

This topic describes the information about the Loan Approval stage.

The Loan Approval stage has the option to approve the loan application.

The Approver must verify the application data against the submitted documents to ensure that Maker has provided information in accordance with the agreed terms. Instead of manual verification, approver has option to select AI Assist and upload necessary documents in screen. The system will extract pre-decided parameters from documents based on specified prompts and compare it with application data. The Loan Approval stage screen is below.

Figure 1-16 Loan Origination AI Assist Approval

Description of "Figure 1-16 Loan Origination AI Assist Approval"

For more information, refer to the fields description table below.

Table 1-14 AI Assist Approval

Field	Description
AI Assist	Switch to to enable AI Assist in the loan origination flow.
File Upload	Drag and down the multiple documents to upload in PDF and JPG formats. This field displays when the AI Assist toggle button is enabled.
Upload	Click upload to selected files to DMS. This field displays when the AI Assist toggle button is enabled.

The system will invoke the Gen AI service to extract the required data. This extracted data will be displayed to approver along with the application data entered by the maker. Any mismatch in data will be highlighted for the Approver to review and confirm, with an option to add remarks.

Figure 1-17 Loan Origination - AI Assist Approval Documents

Description of "Figure 1-17 Loan Origination - AI Assist Approval Documents"

For more information, refer to the fields description table below.

Table 1-15 AI Assist Verification

Field	Description
Select File	Displays the uploaded files, select the required file for preview.
Extracted Information	Data extracted from the documents with our predefined questions.
Tag Name	Displays the predefined parameters for which data is extracted.
Maker Value	Displays the value extracted from the documents with predefined prompts and edited by the maker.
Approver Value	Dispalys the actual value extracted from the documents.
Mismatch	If the maker and approver value does not match, this field displays Yes or No.
Confirm	If there is a mismatch, an icon appears in the column and becomes clickable, opening a new popup screen where approver can confirm the mismatch and enter remarks.

This topic contains the following sub-topic:

• Loan Approval
  This topic describes the information about the Loan Approval stage.