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- Loan Origination System
- Who it's for
- Custodian coordination
Custodian coordination
A team working with a custodian often sees the instruction and its final settlement evidence at different times. Keep the intended movement in a dated record with a named owner and eligible counterparty. The provider-held account identity and its currency help the reviewer understand where the movement belongs. A provider notice then closes the loop only when it is verified against that original case.
How Loan Origination System is set up for you
Counterparty choice
Record the custodian or settlement party in the organization directory, with a code and eligibility note for the operator.
Instruction packet
Attach the support for the value date, amount and debit and credit account scope on the parent instruction.
Independent sign-off
Capture the reviewer, decision, reason and source revision before sending the instruction.
Settlement check
Link provider events and account movements by source identity; leave ambiguous movements for investigation.
A team working with a custodian often sees the instruction and its final settlement evidence at different times. Keep the intended movement in a dated record with a named owner and eligible counterparty. The provider-held account identity and its currency help the reviewer understand where the movement belongs. A provider notice then closes the loop only when it is verified against that original case.
Begin with a single custodian relationship and the provider accounts used for that relationship. Confirm the external account identifiers and decide who maintains the eligibility note when a counterparty changes. The Credit Officer can prepare one pilot instruction, attach its support and submit it to the Independent Credit Approver. The reviewer should check the same revision and the account owner before approving.
Ask the provider for a test confirmation and settlement notice with stable source identifiers. The team should enter the evidence, verify its parent instruction and check the corresponding provider movement. Test a correction notice as a separate event rather than overwriting the original. If the notice contradicts the requested amount, keep the operation in review with the discrepancy recorded. The Auditor should be able to reconstruct the case from the first draft through the final verified effect.
Features to start with
Organization and access
Keep organization membership and operating authority clear before instructions enter review.
Counterparties and accounts
Connect eligible banking counterparties to the provider accounts used in instructions.
Banking instructions
Prepare dated banking instructions with a named owner and balanced account scope.
Set up Loan Origination System your way.
Start free, then use Proto to change fields, steps and approvals before your team goes live.