1. Lease Servicing User Guide
  2. Interface
  3. Account Conversion
  4. Verification Tab

17.4.11 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 (8) master tab’s Edit screen as an ERROR, a WARNING, or an OVERRIDE.

If it is an Error, Oracle Financial Services Lending and Leasing will not allow you change the application's status and approve the Lease until you fix all the errors.

If it is a Warning, Oracle Financial Services Lending and Leasing allows 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, Oracle Financial Services Lending and Leasing 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 dialog box to move the application to queue of the user with the required authority.)

Oracle Financial Services Lending and Leasing can be configured to verify different sets of information; for example, Financial Services could check one set of data when checking application entries for completeness and another when approving auto Lease. Each one of these edit types has its on set of edit details.

To verify the data required for decisioning the account
  1. Click the Verification link, then choose the Edits tab.
  2. In the Edit Type block, select the type of edit you want to verify using the drop down list.
  3. Choose Check Edits. Financial Services checks data for the verification process selected in Edit Type block and displays results in the Edit Details block.
  4. In the Edit Details block, view verification results and begin making corrections on conversion form.
  5. When you are finished correcting errors, change the status in the master block Status field from API ACCOUNT to ACCOUNT CREATED.

After entering existing data and successfully changing status of the account, the conversion process is over.

At this point, the account information you entered in this module can be viewed on the Lending menu’s Customer Service form. However, new accounts cannot be viewed since they need to have the set-up run prior to account creation.

Parent topic: Account Conversion