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- P2P Lending Platform
- Process
- Funding commitment review
Funding commitment review
Keep a lender commitment tied to its application, evidence and independent decision.
Step by step
-
Prepare commitment Credit Officer
Credit Officer records the lender reference and intended initial deposit against the right application and organization. The officer submits the current commitment revision for review.
- Submit a revision of a lender commitment
- Updates Funding commitments, Loan applications
-
Review commitment Independent Credit Approver
Independent Credit Approver checks organization scope, the frozen revision and supporting evidence, then records a decision with a reason.
- Approve or reject the submitted revision
- Updates Funding commitments, Review decisions, Record attachments
ApprovalA person approves before the work moves on. -
Verify provider outcome Independent Credit Approver
The team checks whether the provider has actually issued the authority represented by the commitment. The provider application reference gives the response a traceable identity.
- Record provider authority only after its evidence is checked
- Updates Funding commitments, Operation receipts, Application evidence
Who does what
Roles and permissions- Credit Officer
- Prepares and submits the commitment.
- Independent Credit Approver
- Decides and checks the provider evidence.
- Auditor
- Reviews the result.
- App Administrator
- Maintains the organization boundary.
Set up P2P Lending Platform your way.
Start free, then use Proto to change fields, steps and approvals before your team goes live.