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  1. Bank + Lending + Insurance
  2. Process
  3. Funding and reconciliation
Process · Funding and reconciliation

Funding and reconciliation

Record actual funding and verify the effects before closing an operation.

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Step by step

  1. Check approved terms Credit Officer

    Credit Officer selects the eligible reviewed application. Confirm the approved amount, rate and term for the revision used by the funding workflow. Independent Credit Approver resolves a decision discrepancy before funding is requested.

    • Establish the eligible reviewed terms
    • Updates Loan applications

  2. Book the account Credit Officer

    The funding workflow creates the loan account from approved terms under the eligible action requested by Credit Officer. Preserve the borrower, product and application references, along with the provider account identity used for later servicing.

    • Record the booked account and provider identity
    • Updates Loan accounts, Loan applications

  3. Submit and confirm disbursement Credit Officer

    The workflow submits the provider request under a stable identity and records the actual disbursement result. Credit Officer follows exceptions through the agreed provider contact. A Scheduled or Held tranche cannot contribute to released funding until the actual release is confirmed.

    • Record actual funded principal and release evidence
    • Updates Disbursements, Loan accounts, Operation receipts

  4. Inspect the schedule Independent Credit Approver

    Independent Credit Approver compares the repayment schedule with the booked terms and confirmed funded position. Review installment due dates, component amounts and version before the account enters routine servicing. Retain the disbursement receipt and provider event.

    • Check the dated obligations against funding
    • Updates Repayment schedules, Loan accounts, Disbursements

  5. Reconcile effects Independent Credit Approver

    Independent Credit Approver runs the read-first reconciliation route. It compares operation receipts with persisted effects and their identities. Confirmed effects move the reconciliation result to Completed; effects that cannot be confirmed move it to Needs review for investigation.

    • Confirm effects or identify an unresolved exception
    • Updates Operation receipts, Disbursements, Loan accounts

Where it usually breaks

And how to keep it from happening.

  • Approval counted as funding. Compare the released tranches with the funded account position. Undisbursed approved credit stays separate from money released.
  • Timeout followed by retry. Read the provider result and existing effects before repeating an instruction. Retain the stable operation identity across attempts.
  • Receipt without an effect. Keep the discrepancy in Needs review until the expected local effect can be confirmed. A successful request response is insufficient to close it.

Who does what

Roles and permissions
Credit Officer
, Independent Credit Approver, Auditor, Admin.

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