Application setup

Q2 Origination enables you to configure lending products and the application workflow to define how each application type is processed and approved. You can define workflows for each type of application - loan, lease and line of credit. The workflow defines the sequence in which tasks must be performed to process an application. For example, application details may be entered first, parties or stakeholders may be added next, followed by a credit verification of the parties, and so on.

In addition, you can configure the documents that may be required at each stage of the application processing. This also allows you to assign rules and stipulations to approve applications for different types of lending products and options. 

Application setup tasks serve the non-Skuid enabled version of Q2 Origination. The Skuid enabled Q2 Origination uses the concept of CL Product to define the various products that can be originated, as well as drive document and data requirements during the origination process.