1. Retail Loans Origination User Guide
  2. Retail Loans Account Origination Process
  3. Account Approval Stage

2.14 Account Approval Stage

This topic describes the information on the various data segments to view the captured details and approve the application in the Account Approval stage

To approve an account opening:
  1. Scan the records that appears in the Free Task list.
  2. Click Acquire and Edit or Acquire from the Action column of the appropriate record. The Account Approval stage is displayed.
The Account Approval stage has the following data segments which user can only view:
  • Applicants – For detailed information, refer the Applicanst data segment in the Application Entry stage.
  • Loan Details - For detailed information, refer the Loan Details data segment in the Application Entry stage.
  • Mandate Details – For detailed information, refer the Mandate Details data segment in the Application Entry stage.
  • Financial Details: - For detailed information, refer the Financial Details data segment in the Application Entry stage.
  • Collateral Details – For detailed information, refer the Collateral Details data segment in the Application Entry stage.
  • Terms and Conditions – For detailed information, refer the Terms and Conditions data segment in the Application Entry stage.
  • Mortgage Insurance: For details information, refer the Mortgage Insurance data segment in the Application Enrichment stage.
  • Credit Rating Details: - For detailed information, refer the Credit Rating Details data segment in the Loan Underwriting stage.
  • Valuation Details - For detailed information, refer the Valuation Details data segment in the Loan Underwriting stage.
  • Legal Opinion - For detailed information, refer the Legal Opinion data segment in the Loan Underwriting stage.
  • Assessment Summary: For details information, refer the Assessment Summary data segment in the Offer Issue stage.
  • Offer Issue: For details information, refer the Offer Issue data segment in the Offer Issue stage.
  • Offer Accept/Reject: For details information, refer the Offer Accept/Reject data segment in the Offer Accept/Reject stage.

Refer below chapters for detailed information on data segment that are editable.

  • Collateral Perfection Details
    This topic provides the systematic instructions to view the collateral perfection details.
  • Loan Summary Details
    This topic provides the systematic instructions to view and approve the application.
  • Summary
    This topic provides the systematic instructions to view the summary of each of the data segments in as many tiles as the number of data segments in the given stage.

Parent topic: Retail Loans Account Origination Process