7.5 Applicant Tab

This topic describes the information about the applicant tab.

Having selected and loaded an application, user can view the information about applicant in the Applicants tab. This is information that was recorded on the Application Entry screen or gathered during the credit pull. User can edit data from the Application Entry screen at anytime in the following steps. Remember to save user work with each change. Information from the credit bureau pull is available to view only.

Using the information supplied on the application, complete the Applicants tab details and the following sub tab details:

• Address
• Employments
• Telecoms
• Summary
• Credit Scores
• Duplicate Applicant
• Existing Accounts
• Tracking Attributes

Primary Applicant details are required for SME applications also. The system uses information on the Financial and Liabilities sub tabs in determining the applicant’s net worth. The system uses information on the Employments screen and Other Incomes sub screen to calculate the applicant’s debt-to-income ratio.

To verify applicant information on the Underwriting screen

1. On the Origination, click Origination. Under Origination, click Underwriting. Under Underwriting, click Underwriting tab.
2. Under Underwriting tab, click Applicant. Under Applicant, click Applicant.
   The Applicant screen displays.

   Figure 7-3 Applicant

   
   

   
   Description of "Figure 7-3 Applicant"

   
   
3. In this section, user can perform any of the Basic Operations mentioned in Preface.
   A brief description of the fields is given below:

   Table 7-2 Applicant

   Field	Description
   Relation Type	Select the relationship type from the adjoining drop-down list. For example, primary, spouse, secondary, or cosigner.
   Salutation	Select the salutation from the adjoining drop-down list.
   First Name	Specify the applicant’s first name.
   MI	Specify the applicant’s middle name.
   Last Name	Specify the applicant’s last name.
   Family Name	Specify the applicant’s family name.
   Suffix	Select the name suffix/generation from the adjoining drop-down list.
   Birth Dt	Specify the applicant’s date of birth.
   SSN	Specify the applicant’s social security number.
   Class	Select the classification of the applicant from the adjoining drop-down list. For example, NORMAL or EMPLOYEE. The system uses this information to restrict access to the database by recognizing employees as secured applications. User can create a SME (Small Medium Enterprise) application by selecting SMALL BUSINESS. When user select SMALL BUSINESS and save user entry, the Business Applicants link on the Applicants link is available. (required).
   Email	Specify the personal Email ID of the applicant.
   Time Zone	Specify the time zone to which the applicant belongs. This information appears when user enter and save the zip code for the primary applicant’s current home address on the Address sub screen. User can also manually complete this field.
   Identity Information	Displays the identity information section.
   Nationality	Select the applicant’s nationality from the adjoining drop-down list.
   National ID	Specify the national identification number.
   Passport #	Specify the passport number.
   Passport Issue Dt	Select the date on which passport was issued.
   Passport Expiry Dt	Select the passport’s expiration date.
   Visa #	Specify the applicant’s visa number.
   License #	Specify the applicant’s license number.
   License State	Select the state where the license was issued, from the adjoining drop-down list.
   Prior Applicant	Check this box to indicate that the customer is an existing customer.
   Existing Customer	Check this box to indicate that this applicant has a previous account.
   Existing Customer ID	Specify the customer ID if the applicant is an existing customer.
   Existing Customer #	Specify the customer number, if the applicant is an existing customer. On saving the applicant details, the data in Existing Customer # is displayed as a link in Applicant section header and clicking on the same will display the customer details in Search Results section of Servicing module.
   Update Customer Info	Check this box to indicate, if system can override the existing customer information and create the record with latest address and communication details of the customer.
   Other Details	Displays the other details section.
   Name in Local Language	Specify the applicant’s name in local language.
   Gender	Select the gender of the applicant from the adjoining drop-down list.
   Mother’s Maiden Name	Specify the mother’s maiden name.
   Education	Select the education of the applicant from the adjoining drop-down list.
   Language	Select the applicant’s native language from the adjoining drop-down list.
   Dependents	Specify the number of dependents.
   Marital Status	Select the marital status of the applicant from the adjoining drop-down list.
   ECOA	Select the ECOA (Equal Credit Opportunity Act) code, from the adjoining drop-down list. This defines the various possibilities on who is liable; individual, joint, cosigner and so on.
   Race	Select the applicant’s race from the adjoining drop-down list.
   Ethnicity	Select the applicant’s ethnicity from the adjoining drop-down list. This is the information the Home Mortgage Disclosure Act requires to be reported.
   Disability	Check this box if the application has a disability.
   Privacy Opt Out	Check this box to indicate that the applicant has elected to refrain from the non-public sharing of information.
   Insurance Opt Out	Check this box to indicate that the applicant has elected to refrain from insurance related inquiries.
   Marketing Opt Out	Check this box to indicate that the applicant has elected to refrain from marketing related inquiries.
   Share Credit Opt Out	Check this box to indicate that the applicant has elected to refrain from financial information and share credit related inquiries.
   Prior Bankruptcy	Check this box, if prior bankruptcy exists.
   Bankruptcy Discharge Dt	Enter the discharge date of prior bankruptcy (if one exists).
   Payment Hierarchy	Select the required Hierarchy Definition to be used for payment appropriation from the drop-down list. The list is populated with all the predefined and enabled hierarchy definitions maintained on the Setup, click Administration. Under Administration, click Users. Under Users, click Payment Hierarchy screen. The Hierarchy Definition selected here is propagated to Servicing, click Customer/Business details. If an existing hierarchy is modified and the Update Customer/Business info option is enabled, then the Payment Hierarchy in Servicing click Customer/Business details are also updated.
   KYC	Displays the KYC Section.
   Reference #	Specify the reference number.
   Status	Select the status of the applicant from the adjoining drop-down list.
   FATCA	Display the FATCA section.
   Birth Place	Specify the birth place of the applicant.
   Birth Country	Select the country of birth of the applicant.
   Permanent US Resident Status	Check this box if the applicant has permanent US resident status.
   Power of Attorney	Display the Power of Attorney section.
   Power of Attorney	Check this box if user hold a power of attorney.
   Holder Name	Specify the holder name of the power of attorney.
   Address	Specify the address of the holder.
   Country	Specify the country of the power of attorney holder.
   Nationality	Specify the nationality of the power of attorney holder.
   Telephone Number	Specify the telephone number of the power of attorney holder.
   Military Service	This section can be used to capture applicant’s Active Military Duty details and can be validated with applicant Bureau Details.
   Active Military Duty	Check this box to indicate if applicant is on Active Military Duty.
   Effective Dt	Select the date from when the applicant is on Active Military duty using adjoining calendar.
   Order Ref #	Specify the Order Reference number which indicates the applicant’s Active Military duty service.
   Release Dt	Select the date from when the applicant was released from Active Military duty using adjoining calendar.

4. Perform any of the Basic Actions mentioned in Preface.
5. User can verify the personal information about the applicant. Two check boxes indicate if this is an existing customer or a prior applicant. The Existing Customer field enables user to select the existing customer.

This section consists of the following topics:

• Address Sub Tab
  This topic provides information on Address Sub. It enables users to enter, view, and maintain address details associated with collateral substitution records.
• Employments Sub Tab
  This topic provides information on employments. It enables users to view and maintain employment details.
• Telecoms Sub Tab
  This topic provides information on telecoms. It outlines the process of capturing, managing, and tracking telecoms details within the system for reference and validation.
• Summary Sub Tab
  This topic provides information on summary.
• Credit Score Sub Tab
  This topic provides information on the credit score. It enables users to view and manage credit score details, including bureau results, scoring factors, and updates within the request.
• Duplicate Applicant Sub Tab
  This topic provides information on the duplicate applicant. It enables users to identify, review, and manage duplicate applicant records within the request.
• Existing Account Sub Tab
  This topic provides information on the existing account. It enables users to view and manage details of accounts already linked to the applicant, including account type, status, and key financial information.
• Tracking Attributes Sub Tab
  This topic provides information on tracking attributes. It enables users to define, monitor, and manage key attributes that support tracking and reporting within the request.
• Customer Search Tab
  This topic provides information on the customer search. It enables users to search, view, and access customer records using various criteria such as name, ID, or account details.