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- Loan Origination System
- Who it's for
- Lending operations
Lending operations
A lending operations team may need to coordinate a banking instruction through bank or custodian accounts. Use the instruction record for the banking action: who prepared it, which counterparty and provider account it affects, what amount and value date were requested, and which independent reviewer approved the submitted version. The resulting provider event and settlement movement belong to the same traceable case.
How Loan Origination System is set up for you
Banking instruction
Prepare the dated amount and debit and credit account scope, attach the supporting authority and send the current revision for independent review.
Provider account setup
Keep an account application linked to its parent instruction, with applicant, initial deposit and the provider's application identifier once received.
Settlement follow-up
Compare provider confirmations and movements with the original instruction before treating the banking action as complete.
Exception work
Keep uncertain provider outcomes and missing local effects in a review queue with a concrete reason and operation identity.
A lending operations team may need to coordinate a banking instruction through bank or custodian accounts. Use the instruction record for the banking action: who prepared it, which counterparty and provider account it affects, what amount and value date were requested, and which independent reviewer approved the submitted version. The resulting provider event and settlement movement belong to the same traceable case.
Start with one organization, one provider connection and a small set of active counterparties and accounts. Import the existing account identifiers and choose the member who owns each instruction. Rehearse an instruction from draft through independent approval, provider submission and verified confirmation. Use a second case with a delayed provider response so staff practice checking the operation receipt before retrying an action.
Agree which supporting documents belong on the instruction and who checks them before independent review. Agree how a changed funding amount returns for review and who authorizes a compensating action after execution. The team should be able to explain the final provider movement from the instruction, decision and evidence records alone.
Features to start with
Counterparties and accounts
Connect eligible banking counterparties to the provider accounts used in instructions.
Organization and access
Keep organization membership and operating authority clear before instructions enter review.
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.