Preface

Purpose of this Guide

Welcome to Q2 Origination! This guide contains information that will help you set up Q2 Origination for lease, loan, and line of credit origination and underwriting.

Q2 Origination is a highly configurable solution for origination and underwriting for online lending and workflow-intensive commercial lending, which allows workflow formations according to the unique needs of a loan's life cycle.

Q2 Origination supports the following key capabilities for consumer lending, commercial lending, and equipment leasing customers:

The underwriting engine
Workflow management
Credit scoring
Decisioning and integration

The purpose of this guide is to help you in extending Q2 Origination's origination and underwriting platform in your respective organizations.

This guide explains how to install and configure Q2 Origination, describes its integration with third-party tools. It describes how to set up scorecards, rate cards, credit evaluating methods, and reports and dashboards. You can also learn about the application interfaces that you can use to extend the Q2 Origination functionality.

Note:

This guide also includes cumulative information of the features from the previous releases. For the description of specific changes made to a release, see the Change Record section.

Intended audience

This guide is intended for system administrators and implementers of Q2 Origination.

Prerequisites for use

This guide assumes knowledge of the Salesforce platform, and basic familiarity with loan origination concepts, the Q2 Origination product, and the Windows platform.

Organization

The guide describes various configuration setups that the system administrator needs to perform.

Introduction

Provides an overview of the Q2 Origination application, its capabilities and integrations with other products and applications.

Installation

Provides information on installing any prerequisite packages and Q2 Origination.

Salesforce Setup

Provides information on customizing the Salesforce setups for your company and business requirements, such as, creating and managing users and permissions, setting up business days, calendars and the home page of Q2 Origination application and defining the workflows for use while originating loan and lease applications.

Origination Configuration

Provides information about configuration of workflows for application processing, templates for lending products, and the due diligence framework for evaluation of applications. It describes the steps to set up companies, the deal room, and the loan dashboard, and to generate pricing options for an application.

The chapters that follow provide descriptions of what system administrators can do to configure other setups, along with detailed procedures for each such task. The field descriptions for each page are given at the end of the respective procedure.

Glossary

Provides an alphabetical list of concepts and definitions relevant to Q2 Origination.

Conventions used in this document

To help you easily understand this guide, there are a few hints which appear throughout in the form of:

Required fields are indicated by an asterix. For example, accountId*
Important information is presented as Tip, consider the example given below:

Tip:

Quick Quote is only applicable to the Record type, Lease.

Additional Information is presented as Note, consider the example given below:

Note:

Select the look up icon to view the side bar.

Menus, options, icons, fields, and text boxes on the screen will be bold typeface as given below:
For example, Applications.

Sample Request and Sample Response to the web service would be given within a code block, as shown in the example below:

 { 
   "accountId":"001F000001NtH4N",
   "loanAmount":1000,
   "interestRate":10,
   "term":12,
   "productType":"loan",
   "balloonPayment":100,
   "interestOnlyPeriod":2,
   "paymentFrequency":"WEEKLY",
   "interestCalcMethod":"Flat",
   "daysConvention":"ACTUAL/ACTUAL",
   "firstRepaymentDate":"2015-03-15"}

Technical assistance

For all customers and partners of Cloud Lending Inc., our Technical Support Team provides technical assistance. Cloud Lending Solutions customers are served via a dedicated support desk. Contracted customers are provided a sign-on to communicate with Cloud Lending Solutions technical support staff. For more information on our support services, refer our Support Policy.

Disclaimer

The information in this document is subject to change without notice. In no event shall Cloud Lending Solutions be liable for direct, indirect, special, incidental or consequential damages of any nature or kind arising from the use of this document, nor shall Cloud Lending Solutions be liable for incidental or consequential damages arising from the use of software described in this document.

This document and its sections must not be reproduced or copied without the written permission of Cloud Lending Solutions and its contents must not be imparted to a third party nor be used for any unauthorized purpose. The software described in this document is furnished under a license and may be used, copied, or disclosed only in accordance with the terms of such license.

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