2.3 Application Enrichment Stage

This topic describes the systematic instructions to move the loan application to enrichment stage.

The Loan Application Enrichment stage is the next representative and optional stage in the Retail Loan Account Open process. Effectively, the user can move the application to the Loan Underwriting stage without capturing the details in any of the data segments of Loan Application Enrichment stage. After the Loan Application Entry stage is completed successfully, the application can be acquired by the user who has the access rights for the given stage and progress with the data capture. The user can acquire the application from Free Tasks list.

Users having functional access to the Application Enrichment stage will be able to view the record in the Free Task process.

To enrich an application:

1. Scan the records that appears in the Free Task list.
2. Click Acquire and Edit or Acquire from the Action column of the appropriate record. The Application Enrichment stage is displayed.

The data segments appears as configured in business process. Refer below chapters for detailed information of each data segment.

• Loan Interest Details
  This topic describes systematic instructions to configure loan interest details.
• Mortgage Insurance
  This topic describes the systematic instructions to configure the mortgage insurance.
• Charge Details
  This topic describes systematic instructions to enables the user to display the charges applicable / levied for this loan application.
• Loan Disbursement Details
  This topic describes systematic instructions to configure loan disbursement details.
• Loan Repayment Details
  This topic describes systematic instructions to enables the user to capture the loan repayment details.
• Account Services
  This topic describes systematic instructions to enables the user to capture the statement preference and the holiday preferences.
• Summary
  This topic provides the systematic instruction to view the tiles for all the data segments in the Loan Application Enrichment Process.