1.3.2 IPA Initiation

This topic describes the information to initiate the application for the In-Principle Approval by capturing the required details.

IPA Initiation allows the bank user to initiate IPA request by capturing the required details.

The system automatically triggers the Initiate IPA request and generates an IPA Reference number. The three-panel screen displays the Application Numbers in the header, while the data segments for this stage are made available on the left-hand side widget. The central panel is where the user will be able to view or capture the details for the specific data segment.

• Click Apply Now from Product Details screen to initiate the new IPA Request.

The IPA Initiation process has the following reference data segments:

• Customer Information
  This topic provides the systematic instructions to capture the customer-related information for the application.
• Customer Consent and Preference
  This topic describes the consent and preferences of customers that are captured in account opening process.
• Relationship
  This topics describes the relationship details of parties that are involved in loan account opening application.
• IPA Details
  This topic provides the systematic instructions to capture the product or property-related information for the IPA application.
• Financial Details
  This topic provides the systematic instructions to capture the financial details of the applicant for IPA application.
• Credit Rating Details
  This topic provides the systematic instructions to view the information on the External Rating Agencies Rating / Scores for the Applicant.
• Qualitative Scorecard
  This topic provides the systematic instructions to capture the relevant evaluation details Applicant wise (if more than one applicant) and the scores are automatically displayed based on the Question / Answer configuration provided for this type of score card.
• Assessment Details
  This topic provides the systematic instructions to view the total weightage score of the Applicant or Applicants, in case of multiple Applicants in the IPA Initiation.
• Summary
  This topic provides the systematic instructions to view the tiles for all the data segments in the IPA Initiation Process.