Loan Origination
What is Loan Origination?
Loan origination is the process of acquiring and processing credit applications from initial submission through final disbursement. TimveroOS automates this process through configurable workflows, enabling consistent processing across multiple channels while maintaining risk controls and compliance requirements.
Origination Capabilities
1. Multi-Channel Application Processing
Application Types:
Online Applications: Customer self-service through web or mobile applications
Offline Applications: Branch-initiated applications managed by staff
Pre-Approved Applications: System-generated offers for qualified customers
Participant Support:
Single borrower applications
Multi-party applications (borrowers, co-borrowers, guarantors)
Complex commercial structures with multiple participants
Channel Continuity:
Application data persists across channel switches
Customers can start online and complete in-branch
Status tracking visible to all authorized parties
Configuration:
SDK (Development team): Application Management - Application entity structure, Business Process stages
Admin Panel: Form Builder - Application form design
2. Identity Verification
Verification Methods:
Document validation (ID, passport, driver's license)
Biometric verification (facial recognition, fingerprints)
Regulatory screening (KYC, AML, sanctions lists)
Processing:
Automated verification through integrated providers
Real-time results for standard cases
Manual review routing for edge cases
Complete audit trail for all decisions
Configuration:
SDK (Development team): DataSource Integration - Verification provider connections
Admin Panel: Workflow Management - Verification workflows
3. Credit Assessment
Assessment Components:
Credit bureau data retrieval
Alternative data source integration (banking, utility, telco)
Scoring model execution
Risk categorization
Decision Automation:
Workflow Tool executes scoring logic
Automated decisions based on thresholds
Manual review for complex cases
Decision transparency and audit trails
Configuration:
SDK (Development team): Workflow Integration, DataSource Integration - Data Source connections, scoring setup
Admin Panel: Decision Automation, Data Sources - Workflow configuration
4. Offer Generation
Dynamic Pricing:
Offer Engine scripts calculate personalized terms
Scripts access participant profile data
Multiple offer variations per applicant
Customer selection tracking
Offer Components:
Loan amount (min/max from Credit Product)
Interest rate (calculated by Offer Engine)
Term length (available options from Credit Product)
Fees and commissions
Payment schedule preview
Configuration:
SDK (Development team): Offer Engine - Script implementation
Admin Panel: Pricing Configuration, Credit Products - Product setup
5. Document Management
Document Types:
Application forms
Identity documents
Income verification
Contracts and agreements
Disclosures and notices
Document Processing:
Template-based generation with transaction data
E-signature integration
Document storage and retrieval
Version control and audit trails
Configuration:
SDK (Development team): Document Management, Document Templates - Document entity structure, template logic
Admin Panel: Document Management - Template configuration
6. Approval Workflows
Workflow Components:
Automated approval for low-risk applications
Multi-level manual review for complex cases
Threshold-based routing logic
Approval authority management
Tracking:
Real-time status visibility
Application progress monitoring
Bottleneck identification
Performance analytics
Configuration:
SDK (Development team): Entity Statuses - Business Process stages, status transitions
Admin Panel: Workflow Management, Manual Review Process - Workflow configuration
Origination Process Flow
Step-by-Step Journey:
Application Submission
Customer provides information through selected channel
System validates data completeness
Application entity created with initial status
Identity Verification
Workflow triggers verification Data Source call
Results evaluated against configured rules
Pass: Continue to assessment
Fail: Request additional documents or decline
Credit Assessment
Credit bureau data retrieved
Scoring workflow executes
Risk category assigned
Decision: Approve, Decline, or Manual Review
Offer Generation (if approved)
Offer Engine script calculates terms
Multiple offers presented to customer
Customer selects preferred option
Offer recorded in system
Document Signing
Contract generated from template
E-signature request sent to customer
System monitors signing completion
Signed document stored
Disbursement
Approval finalized
Loan entity created
Funds transferred
Handoff to servicing system
Implementation Resources
Through SDK (Development team)
Framework Setup:
Getting Started - Initial SDK setup
Data Model Setup - Entity structure
Application Management - Application entity configuration
Entity Statuses - Status and transitions
Integration Setup:
DataSource Integration - External system connections
Workflow Integration - Decision engine setup
Document Management - Document framework
Offer Engine - Pricing calculation setup
Through Admin Panel
Application Configuration:
Form Builder - Design application forms
Workflow Configuration:
Workflow Management - Design decision workflows
Decision Automation - Configure automated decisions
Manual Review Process - Set up manual review rules
Product Configuration:
Credit Products and Pricing - Configure products
Pricing Configuration - Offer Engine setup
Data Configuration:
Data Sources - Configure external data connections
Document Management - Set up document templates
Related Topics
Credit Products - Product configuration details
Workflow Tool - Decision workflow design
Applications - Application entity structure
Loan Servicing - Post-disbursement processing
TimveroOS: Automated loan origination
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