02 — Capability · BC-1720.10
Loan Origination
Take a loan from first inquiry to a funded account, gathering what the decision needs, producing the right documents and paying out the money correctly. The credit decision itself is underwriting.
- Loan Origination Operations
- Application to Funding
- Loan Booking
In scope
- Pre-qualification and loan offers
- Application intake, document collection and verification of income and assets
- Loan documents, closing and booking
- Funding and disbursement to borrowers or third parties
Out of scope
- Sales pipeline and relationship coverage in general (see BC-430.20)
- Credit decisions and underwriting (see BC-1720.20)
- Paying out funds through payment rails (see BC-1730.10)
Realized by · 0
- No product in the catalog yet.
Used in · 3
Build it · 0
- Nothing in the library points here yet.
Decomposes into · 4
- BC-1720.10.10Loan Pre-QualificationGive prospective borrowers an indication of what they could borrow and at what rate, using soft checks, before a full application.
- BC-1720.10.20Loan Application IntakeCapture loan applications in every channel, collect supporting documents, and verify income, employment and assets so the file is complete for decision.
- BC-1720.10.30Loan Documentation & ClosingProduce the loan agreement, notes and disclosures for the approved terms, get them signed, and book the loan into servicing.
- BC-1720.10.40Loan Funding & DisbursementRelease loan proceeds to the borrower, seller or other payees once every condition of the approval has been met.