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- Lending Platform
- Process
- Credit decision
Credit decision
The credit decision is a human handoff. The Credit Officer prepares an application and underwriting review; the Independent Credit Approver decides the submitted revision. A decision record carries the reviewer, source revision, outcome, time and reason. The application status then shows where the request stands, while the decision record explains why.
Step by step
-
Submit underwriting Credit Officer
The Credit Officer presents the application and review with their current revisions.
- Establishes the case under review
- Updates Underwriting reviews, Loan applications
-
Decide credit Independent Credit Approver
The Independent Credit Approver approves, rejects or returns the case after reviewing borrower context and evidence.
- Records the independent decision and reason
- Updates Review decisions, Underwriting reviews, Loan applications
ApprovalA person approves before the work moves on. -
Record provider submission Credit Officer
For an authorized case, the Credit Officer follows the provider instruction and its operation receipt.
- Tracks the authorized request with provider references
- Updates Loan applications, Operation receipts
Who does what
Roles and permissions- Credit Officer
- Prepares and follows the case.
- Independent Credit Approver
- Decides the credit revision.
- Auditor
- Inspects the reason and action trail.
- App Administrator
- Maintains membership.
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