Loan application processing and underwriting

Step-by-Step Breakdown

Detailed explanation of each automated stage in the workflow.

1. 1

   Trigger

   Receive loan application submission

   Member loan application is captured with personal information, employment details, and requested loan amount. Initial application data is validated for completeness.

   CU*BASEFLEX
2. 2

   Action

   Perform automated credit verification

   System pulls credit report, verifies employment history, and checks member's existing account standing. Income and debt-to-income ratios are calculated automatically.

   EpisysGalaxy
3. 3

   Action

   Calculate risk score assessment

   AI algorithms analyze credit data, member relationship history, and loan parameters to generate comprehensive risk scoring. Fraud detection screening is performed simultaneously.

   Corelation KeyStoneGalaxy
4. 4

   Decision

   Route based on risk threshold

   Applications are automatically routed to appropriate approval channels based on risk scores and loan amounts. Low-risk applications proceed to auto-approval while higher-risk cases require manual review.

   SharetecCU*BASE
5. 5

   Action

   Generate approval documentation package

   System creates loan agreements, disclosure documents, and payment schedules based on approved terms. All regulatory compliance requirements are automatically incorporated.

   FLEXEpisys
6. 6

   Action

   Execute member notification workflow

   Automated communications are sent to members with approval status, next steps, and required documentation. Branch staff receive notifications for any required follow-up actions.

   CU*BASECorelation KeyStone
7. 7

   Output

   Complete loan processing decision

   Final loan decision is recorded in core system with full audit trail. Approved loans are queued for funding while denied applications trigger retention workflows.

   SharetecGalaxy

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