Key flows in CL Originate
CL Originate supports the processing of different types of loan and lease applications for banks and other lending institutions. Based on the lending products you define, each application type may need to follow a different process flow to be evaluated and approved. Use the matrix below as a ready reckoner for the list of steps that you must complete as a financial institution to process different types of applications. The subsequent sections further describe the typical set of tasks relating to each application type.
Application Processing Steps for Alternate Financial Institutions
| NS = Non Skuid NT = New Theme | Alt FIs | ||||||
|---|---|---|---|---|---|---|---|
| Steps | Consumer Secured | Consumer Unsecured | Consumer Real Estate | Commercial Secured | Commercial Unsecured | Commercial Real Estate | Leasing |
| Quick Quotes (NS) | x | ||||||
| Create a New Application | x | x | x | x | x | x | x |
| Add Parties to the Application (NS) | x | x | x | x | x | x | x |
| Add Borrowers to the Application (Skuid) | x | x | x | x | x | x | |
| Add Guarantors to the Application (Skuid) | x | x | x | x | x | x | |
| Add Guarantors to the Application (Skuid) | x | x | x | x | x | ||
| Add Signers to the Application (Skuid) | x | x | x | x | x | x | |
| View Parties from Loan Dashboard (Skuid) | x | x | x | x | x | x | x |
| Pledge Collateral to the Application | x | x | x | x | x | x | x |
| Add Documents to Deal Room (NS) | x | x | x | x | x | x | |
| Add Documents to Loan Dashboard (Skuid) | x | x | x | x | x | x | x |
| View Document from Loan Dashboard (Skuid) | x | x | x | x | x | x | x |
| Delete Documents from Deal Room (NS) | x | x | x | x | x | x | x |
| Unlink Document from Loan Dashboard (Skuid) | x | x | x | x | x | x | x |
| Add Document Categories to Deal Room (NS) | x | x | x | x | x | x | x |
| Add Document Categories to Loan Dashboard (Skuid) | x | x | x | x | x | x | x |
| Consumer Credit Inquiry (NS) | x | x | x | x | x | x | x |
| Consumer Credit Inquiry (Skuid) | x | x | x | x | x | x | x |
| Customer Due Diligence (NT) | x | x | x | x | x | x | |
| Assign Regulation O Status (Skuid) | |||||||
| Download Yodlee Transactions (NS) | x | x | x | x | x | x | |
| Download Yodlee Transactions from Loan Dashboard (NT) | x | x | x | x | x | x | |
| Flood Determination (NT) | x | x | |||||
| Construction Budgeting (NT) | x | x | |||||
| Enable Auto-Decisioning (NS) | x | x | x | x | x | x | x |
| View Scorecards (NS) | x | x | x | x | x | x | x |
| View Scorecards (NT) | x | x | x | x | x | x | x |
| View Pricing (NS) | x | x | x | x | x | x | x |
| View Pricing (NT) | x | x | x | x | x | x | x |
| Generate Amortization Schedule (NS) | x | x | x | x | x | x | x |
| Generate Disbursement Schedule (NT) | x | x | |||||
| Create and Apply Fees (Skuid) | x | x | x | x | x | x | x |
| Record Covenants (Skuid) | x | x | x | ||||
| Generate Credit Memo (Skuid) | x | x | x | x | x | x | |
| Update Task Status (NS) | x | x | x | x | x | x | x |
| Update Task Status on Loan Dashboard (Skuid) | x | x | x | x | x | x | x |
| Convert to CL Loan (NS) | x | x | x | x | x | x | x |