Defining org parameters

You can set up some key org parameters that allow you to record amounts, create schedules and use objects in a consistent manner across all products in your organization. You cannot override the settings defined for these parameters unless specified otherwise.

Some of the parameters that you set here relate to loan contract servicing and renewal and how the loan's amortization schedule is calculated. Hence, the values of these parameters must be the same as set in the loan servicing system. For example, Interest Only Period Behavior, Last Payment Differ and Skip Holidays for Daily Loans.

Prerequisites

None.

Steps

To define the org parameters:

1. Log in to your Salesforce account.

2. Go to (Setup) > Setup.

3. In the Quick Find box, search for Custom Settings, and select it.

4. Select Manage of Org Parameters (genesis).

5. Select Edit.

6. Select on each of the following parameters and define the values. You can specify more parameters as per your requirement:

   Parameter	Description
   Location	This is the name of the organization.
   Auto Assign Queue Items	If this parameter is set to true, then an application assigned to a queue is automatically assigned to a user within that queue based on the logic explained below. If this parameter is set to false, then any user from a queue needs to accept the application in order to proceed working on the application. When an application is assigned to a queue, the automatic assignment takes place based on the following conditions: When an application is routed to a queue, the automatic assignment takes place based on the number of applications assigned to each user in that queue. The user with the least number of applications is assigned the new application automatically. If the users in the queue have no application assigned to them; then, the system assigns the application to the first user in the queue in the order of the serial number. Some users in the queue have applications assigned to them; then, the system assigns the application to the user in the queue in the order of the serial number.+ least number of applications per user. If all users in the queue have applications assigned to them; then, the system gets a count of the applications assigned to each user. The user with the least number of applications is assigned as the application owner. All users in the queue have an equal number of applications assigned to them; then, the system assigns the application based on the serial number of the users in the queue.
   Closed Status	This is the custom setting that contains a comma-separated list of status values (from the Application object) used in the final status of origination. For example, Rejected, Withdrawn, or Approved-Converted to Contract. Note: If there is an update on the Account/Party record associated with an application, and the Application Status = Closed status, policy conditions, tasks, and rate card will not be generated for the application.
   Party Closed Status	To avoid performance issues, when an account is associated with multiple parties, specify the party types, in this field that you don't want to be considered while executing account-specific functionalities such as Documents, Policy Conditions, Tasks, and so on. If there are multiple party types to be specified, the party types should be comma separated.
   Custom Final Application Page	This is the final page in the visual page flow (Visualforce wizard UI) while installing the first version of Q2 Origination. This custom setting does not apply to customers using Skuid.
   Custom Pricing Calculator	This interface is used for custom implementation of calculating the maximum loan amount based on Debt-To-Income (DTI). This behavior can be indicated by a custom Apex class name in this custom setting.
   Custom Yodlee Post Processor Class	This setting enables the implementation of custom code as an Apex class, which is run once the bank transactions from Yodlee have been requested and processed.
   Digits After Decimals	The number of decimal points to be placed after amount values.
   Disable Rounding in AMZ Schedule	If this checkbox is selected, all interest and payment amounts in the amortization schedule are reflected as exact values without any rounding off.
   Disable Triggers	If this check box is selected, all triggers are disabled. This option must be used only while migrating data into the system. It must be deselected at all other times.
   Enumerate Loan Number on Application	Enumerate Loan Number on Application setting is used only during contract renewal. This setting determines whether the loan number (copied over from the interface contract record during the renewal process) is appended with an enumeration (for example, R1, R2, R3, etc.) or copied as is. This number is stored when the application is converted into a contract. This setting helps to assign the same loan number to renewed loans as it allows the user to identify renewals and their chronology in the renewal history.  This setting is not used if a new loan number is assigned to every loan.
   Enable Criteria Based Task	This allows for defining execution criteria that determine when a specific task should be applied to a loan. The purpose of this execution criteria is to enable financial institutions to enforce additional tasks as the parameters of the loan opportunity (or the borrowers, collateral, and so on related to it) change. However, the current approach towards generating tasks does not adequately support this, as changes to related records - Parties, Accounts, Collateral, and so on - do not create a task.
   Financial Calculator Version	This is the version number of the financial calculator used. If null, then the system uses the default version of 2.0.
   Final Payment Differ (in AMZ Schedule)	If this checkbox is selected rounding is done in the last payment by increasing the last payment amount. If this checkbox is cleared, then all the payments are equated.
   Interest Only Period Behavior	The method is used by the system to calculate the interest amount during the interest only period for a loan. Refer to below for details on the behavior of each option.
   Log Level	This is the login level of the application. The options are Debug, Error, and None.
   Map Loan Number on Application	This setting is used to configure the loan renewal process. Select this check box to automatically map the loan number on the existing contract to the resulting application record whenever a renewal is initiated.
   Namespace Prefix	This is an internal value used to define a specific namespace value, which must not be changed or removed. For example, Q2 Origination objects have the namespace prefix genesis.
   Rounding Mode	This is the setting to determine the rounding-off method for specific decimal values. The supported values are Nearest, Up, or Down. The rounding method is applied during calculations such as amortization schedule or pricing calculations in Q2 Origination.
   Scorecard Selection Allowed	Select this check box to allow users to select the scorecards on which an application must be evaluated.
   Skip Holidays for Daily Loans	Applicable for loans with payment frequency as Daily. If this check box is selected, holidays are not included in the dates of the amortization schedule, and no dues are generated on holidays.
   Use CL Product	This setting determines whether the CL Product object is used to create lending products in Q2 Origination or not. Most of the latest functionality, such as Skuid enabled pages and rule criteria definition, uses CL Product. Clear this check box if a Lending Product is used.
   Use Common Document Management	If this check box is selected borrower or collateral documents can be uploaded once into Q2 Origination to be reused across multiple applications, where relevant.
   Use Rule Based Document Management	If this checkbox is selected a rule-based documents checklist can be defined for loan applications.
   Use Contact as Account	This checkbox must be selected to use the contact as an account. Both contact and account are then considered as accounts in the system. This parameter is necessary to enable the new functionality offered in Q2 Origination 2.1000 later.
   Enable Q2 Theme	Select this checkbox to view the new Skuid pages (new UI theme).
   Delete Active Scorecards for Closed apps	Selecting this checkbox in clean up jobs of rule evaluation result to Delete active scorecards for Closed applications
   Payment Amount With Non Zero Principal	Selecting this checkbox, indicates the first Payment Amount on the application with a non-zero principal from the payment schedule.
   Account Based Documents Generation	Selecting this checkbox enables the users to generate the document categories based on account types.
   Enable Trigger and Event Control	Selecting this checkbox enables users to control which features should not run from object triggers and platform events. For more information, refer to the Trigger and Event Control Configuration page for the features that can be skipped from triggers.
   Use Enhanced Rules	Selecting this checkbox enables users to configure the enhanced rules (clcommon based) instead of the old rules (genesis based) in the Origination Configuration page. Enhanced rules are being used in some origination functionalities like document category creation, tasks completion, policy condition generation, and more. You can create new rules or view/edit existing rules as per the business requirement. For more information, refer to Manage Rules
   Generate Pricing with Payment Amount	Selecting this checkbox enables formula-based payment amount calculation for pricing, which calculates the payment amount synchronously.

7. Select Save.