Funding a Loan Application

Once the auto mix and match process is executed and the investors have invested into the loan applications, the loans are ready to be funded to borrower.

Funding can be done through batch jobs or triggers, based on the criteria set by the platform. After the jobs run successfully, the stage of loan application changes from In-Funding to Funded. Also, the status of relevant Loan Contract changes from Partial Application to Active-Good Standing.

For more information on funding a CL marketplace application, refer to section Funding a CL Marketplace Application.

For information on funding a CL marketplace application using a web service, refer to section Funding Loan Applications.