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- Bank + Lending + Insurance
- Who it's for
- Lenders coordinating insurance offers
Lenders coordinating insurance offers
A lending team coordinating an insurance offer needs to know which decision has been made and which provider still needs to act. Bank + Lending + Insurance connects a bundled application to its parent loan request. The bundle records the applicant, requested credit and insurance offer, giving Independent Credit Approver a defined revision to examine alongside the lending case.
How Bank + Lending + Insurance is set up for you
Linked preparation
Credit Officer checks that the bundle belongs to the intended parent application and organization. Keep the offer clear enough for the reviewer to compare it with the borrowing request. Resolve a changed applicant or amount before submitting the bundle.
Revision review
Freeze the submitted bundle and record the independent decision against the same parent and revision. Retain the decision date and linked operation receipt. An amended offer needs review on its own terms.
Provider decisions
Follow the lending provider and insurance provider through their agreed connections. Bundle approval records the internal review. Retain provider evidence so the team can explain a loan approval alongside an insurance refusal or an outstanding issuance decision.
Exception ownership
Use the recorded decision and operational evidence when an outcome differs from the reviewed offer. Keep the original case available while the responsible person follows the provider response or prepares a corrected request.
A lending team coordinating an insurance offer needs to know which decision has been made and which provider still needs to act. Bank + Lending + Insurance connects a bundled application to its parent loan request. The bundle records the applicant, requested credit and insurance offer, giving Independent Credit Approver a defined revision to examine alongside the lending case.
Start with a lending product that regularly carries an insurance offer. Rehearse a submitted bundle, an approved review and a later provider refusal. Ask Credit Officer to identify the next action without changing the historical decision. Repeat with a modified offer and verify that the reviewer examines the new revision.
Agree the documents received from each provider and the person who maintains the connection. Insurance issuance and claims work remain with the insurance provider. Use the linked application and evidence records to coordinate the customer request, then expand after the team can explain the lending and insurance outcomes independently.
Features to start with
Credit and bundle review
Keep the credit decision and bundled review tied to the revision actually examined.
Evidence and reconciliation
Connect each operational result to the application revision and persisted effect.
Borrowers and products
Connect each application to the right borrowing entity and lending product.
Roles on the team
- Credit Officer
- Prepare assigned operational records and execute eligible reviewed actions.
- Independent Credit Approver
- Review eligible revisions independently and reconcile operational evidence.
- App Administrator
- Maintain organization configuration and membership.
- Auditor
- Read authorized evidence and reports.
- Admin
- Setup role for maintaining user access and loan product parameters and inspecting operational configuration without taking credit approval authority.
Set up Bank + Lending + Insurance your way.
Start free, then use Proto to change fields, steps and approvals before your team goes live.