2 Retail Loans Account Origination Process

This topic describes about the Retail Loans Account Origination Process.

This document provides an overview of the retail account open process and takes you through the various steps involved in handling all the necessary activities in the life cycle of a retail loan account open process.

The document is designed to help you create the following types of retail loan:

• Individual customers
  • Housing Loan
  • Personal Loan
  • Vehicle Loan
  • Education Loan
• Small and Medium Business customers
  • Business Loan
  • Term Loan

Retail loan account open process enables the bank to leverage on the state of the art technology used for business modelling, help extend the boundaries of potential markets, provide for Banking at Doorstep and ensure the convenience of banking with primary focus on customer service.

We shall look at the reference workflows of the retail loan account process before understanding how the configuration and capture of data can be done. These stages are mandatory or non-mandatory based on the business process configurations. The process management flow is basically routed through various stages to capture relevant data before it is ready to be sent to the host for account creation.

• Retail Loan Account
  This topic describes information about retail loan account.
• Application Entry Stage
  This topic describes the systematic instructions to initiate the loan application entry stage.
• Application Enrichment Stage
  This topic describes the systematic instructions to move the loan application to enrichment stage.
• Loan Underwriting
  This topic describes the systematic instructions to move the loan application to underwriting stage.
• Loan Assessment Stage
  This topic describes the systematic instructions to move the loan application to assessment stage.
• Manual Credit Assessment
  This topic describes the systematic instructions to move the loan application to manual credit assessment stage.
• Manual Credit Decision
  This topic describes the systematic instructions to move the loan application to manual credit decision stage.
• Account Parameter Setup
  This topic describes the systematic instructions to move the loan application to account parameter setup stage.
• Supervisor Application Approval Stage
  This topic describes the information on the various data segments to view and approve the price change in the Supervisor Application Approval stage.
• Offer Issue Stage
  This topic describes the information on the various data segments to generate the offer in the Offer Issue stage.
• Offer Accept / Reject Stage
  This topic describes the information on the various data segments to accept / reject the offer in the Offer Accept / Reject stage.
• Post Offer Amendment Stage
  This topic describes the information on the various data segments to request for amendment of loan application in the Post Offer Amendment stage.
• Account Approval Stage
  This topic describes the information on the various data segments to view the captured details and approve the application in the Account Approval stage
• Global Actions
  This topic provides the detailed on the actions that can be performed in all stages.