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- EMI Calculator & Tracker
- Who it's for
- Credit unions
Credit unions
A credit union can use the application record to keep a borrower request separate from the credit decision and the provider outcome. Credit Officer prepares the request within its organization. Independent Credit Approver examines the requested principal and attachments on the submitted revision. App Administrator maintains borrower and team membership records without taking credit approval authority.
How EMI Calculator & Tracker is set up for you
Borrower context
Keep contact and eligibility notes with the borrower record.
Request
Put the requested principal, owner and current status on the application.
Decision
Record the independent reviewer, reason and source revision.
Evidence
Let Auditor retrace a confirmation or correction from the application.
A credit union can use the application record to keep a borrower request separate from the credit decision and the provider outcome. Credit Officer prepares the request within its organization. Independent Credit Approver examines the requested principal and attachments on the submitted revision. App Administrator maintains borrower and team membership records without taking credit approval authority.
Suppose an officer submits an application and the approver returns it because its supporting attachment does not match the requested principal. The officer corrects the request and submits a changed revision. The earlier Return decision remains visible, while the later decision identifies the amount actually reviewed. When a provider instruction is recorded, its reference and confirmation evidence stay with that same application.
Begin with one organization, a small borrower group and an application that will need a correction. Agree who updates borrower eligibility notes, who prepares attachments and how the approver’s independence is checked. Rehearse both a rejected request and a revised request before regular use. Give Auditor a read-only route through the application, decisions and provider evidence.
Walk [application review](/emi-calculator-tracker/processes/application-review) and [scenario review](/emi-calculator-tracker/processes/scenario-review) with the operating team. Use [the data model](/emi-calculator-tracker/data-model) to check borrower, application and decision links.
Features to start with
Roles on the team
- Auditor
- Read authorized evidence and reports in a scoped, read-only audit view. No record writes and no action execution.
- App Administrator
- Maintain organization configuration and membership. Administrative membership does not confer approval, financial or execution authority and cannot grant an independent reviewer entitlement.
- Independent Credit Approver
- Review eligible application revisions independently and reconcile operational evidence. Approve or reject through guarded actions only; no unrestricted editing of protected or executed records; a reviewer cannot approve their own submission.
- Credit Officer
- Prepare assigned operational records and execute eligible reviewed actions. Own organization and draft scope only; accepted, posted and provider evidence is read-only; guarded workflows authorize every transition.
- Loan Operations Analyst
- Reconcile provider movements, account positions and operation receipts for assigned applications.
Set up EMI Calculator & Tracker your way.
Start free, then use Proto to change fields, steps and approvals before your team goes live.