1. Lease Origination User Guide
  2. Application Entry
  3. Verification Tab

6.13 Verification Tab

Oracle Financial Services Lending and Leasing can be configured to automatically validate portions of an application when you attempt to change its status. The results of this data check appear on the Verification link’s Edit screen as an Error, a Warning or an Override.

If it is an Error, the system will not allow you change the application’s status and approve the Lease until you fix all the errors.

If it is a Warning, the system enables you to change an application’s status without correcting the matter. While you should still investigate the problem, Warning messages are of a lesser importance than Error messages.

If it is an Override, the system displays a dialog box informing you that an override is needed; your responsibility level does not have the authority required to process this step. (Choose Yes on the dialog box to move application to queue of the user with required authority.)

To validate a credit application
  1. Enter all the information associated with the application on the Application Entry screen.
  2. When you are finished entering data, on the Application Entry tab, click Verification sub tab, then click the Edits sub tab.

    Figure 6-18 Verification


    Description of Figure 6-18 follows
    Description of "Figure 6-18 Verification"

    For details on this screen refer Verification Tab section in Underwriting chapter.

Parent topic: Application Entry