5.2.1 Pre-qualifying an Application

After entering the basic details of the applicant like identification and demographic details along with the address, employment, assets, liabilities and other income information and requested details, the user has to check whether the application pre-qualifies or not by clicking Pre-qualify Application button. This is governed by a set of Pre-qualification edits.

If pre-qualified edits are satisfied, the status is changed to NEW-PREQUALIFY APPROVED and user can modify or update any further details in the Application Entry screen.

If the edits are not satisfied, application will be pushed to REJECTED APPLICATIONS queue with a status update to REJECTED-PREQUALIFY REJECTED. You can also view rejected pre-qualification in the Underwriting screen.

When specific services listed in Dashboard -> System Monitor -> Services tab are stopped, the application status will display NEW PRE-SCREEN APPROVED and user will not be able to change the status manually to move it to Underwriting queue. In such cases, services should be started post which the application is processed automatically by the system and falls in the appropriate queue as per work flow.