FINS BIAN Underwriting Process API
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Examples of Use
A corporate loan offer is processed and at the appropriate point an underwriting authorization is requested
Role Definition
The underwriting decision considers the ability of the borrower to finance the loan based on their known cash flows and credit worthiness. The underwriting decision refers to specific properties of the proposed loan (amount, term, repayment schedule, collateral etc.), the income and known commitments of the borrower and their credit history with the bank. The decision may factor perceived underwriting risks into the interest rate and/or collateral requirements to obtain approval
Related Business Scenarios
EXT HANDLE REQUEST FOR RENEWAL OF UNCOLLATERALISED CONSUMER LOAN
EXT HANDLE MERCHANDISING LOAN APPLICATION
PERFORM UNDERWRITING FOR CORPORATE LOAN
HANDLE REQUEST FOR CORPORATE LOAN
PERFORM UNDERWRITING FOR MORTGAGE LOAN
PERFORM UNDERWRITING FOR MERCHANDISING LOAN
CONDUCT MORTGAGE LOAN PROCESSING
EXT HANDLE REQUEST FOR MODIFICATION OF MERCHANDISING LOAN
PERFORM UNDERWRITING FOR UNCOLLATERALISED CONSUMER LOAN
HANDLE REQUEST FOR UNCOLLATERALISED CONSUMER LOAN
HANDLE REQUEST FOR CREDIT FACILITY
PERFORM UNDERWRITING FOR RENEWAL OF UNCOLLATERALISED CONSUMER LOAN
Core Business Object
Key Features
- Consolidate underwriting decision materials
- Evaluate cash flow/credit position for proposal
- Make (conditional if needed) underwriting determination
Customers can use this integration template to accelerate implementation.