Loan Approvals

Loan Approver cannot be the same person who originated the loan

The Loan Approval is designed to ensure that all loan applications meet the company's standards and criteria for loan creation. This module provides a systematic process for reviewing and approving loan applications.

Loan Approval Process

1. Navigate to the Loaning module

2. Under Loaning go to Loan Approvals

3. Click on the "Review" button located in the "Actions" column to open the loan application

4. Examine the details of the loan application to ensure all information is accurate

1. In the "Actions" tab, choose to either approve or reject the loan based on your review

2. Enter a reason for your decision (whether approval or rejection) in the remarks field

3. Click the "Submit" button to finalize your decision and save the loan review