Version
1.0
Author
Alejo Lopez
Description
Through the Loans Request process, applications for equipment financing are created for potential customers.
Each request can include one or more equipment. In addition, each request can have one or more collaterals and one or more applicants in the role of coborrower or guarantor depending on what the requirements of each product are.
The applications are analyzed at different stages. These include a study of the profile of the applicant, their payment capacity and credit history in relation to the requested products. The approval stages are defined according to each case.
Description
Vendor contact Market for a potential new financing deal. Either a new customer or existing one.
Description
If the main applicant is rejected due to Company Policy, the process ends. The Employees Policy can be parameterized according to the necessities of the business for an applicant to be rejected or allowed to continue the process.
Gates
PreRejected
Condition
The result of the analysis of the Employees Policy is checked automatically. The case continues to the Reject Request activity.
No PreRejected
Condition
The result of the analysis of the Employees Policy is checked automatically. The case continues to the Reject Request activity.
Description
all those products that require collaterals should have them related, the requested products should be within the payment capacity of the applicant, and the collaterals should cover as much as possible.
Comply with pricing policy, risk policy and RWA (Risk Weighted Asset) policy
Performers
Description
Sub-process where applications that have Exception requested or Review is required are analyzed. The result can be approved partially or in Total, or the application rejected in general.
Description
This multiple subprocess handles each collateral case. At the end of the process, if the collateral was not constituted, the product should be marked as Finished. This with the objective not perform the Delivery of the product.
Loop type
Multi-Instance
MI Ordering
Sequential
Description
In this process, a pre-filter of the applicants is performed in order to identify if they are viable
This way, the account manager is able to know at the time of entry which details of the client are missing and then continue with the process.
In the first instance, the existence of the applicants is checked, also whether there are existing applications in progress and a check of the negative lists (AML).
If all the filters were evaluated without anomalies, it proceeds with the importation of personal and financial information of each of the applicants.
Description
Check the AML tool to find out if the customer or any of the authorized people has been flagged prevously in the black list.
Gates
no
redflagged
Condition
The result of the analysis of the Employees Policy is checked automatically. The case continues to the Reject Request activity.
Gates
Deal PreOK
Condition
The result of the analysis of the Employees Policy is checked automatically. The case continues to the Reject Request activity.
Gate
Description
If missing data or additional information is required the proposal goes back to MARKT for clarification
Gates
Info Needed
Condition
The result of the analysis of the Employees Policy is checked automatically. The case continues to the Reject Request activity.
Gate
Description
sub-process to set the contract in the legacy system and get the corresponding funding of the deal
Description
Market prepares internalrequest explaining deal,customer and potential collaterals available. Also pricing, timeframe, vendor expectations,etc.
