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

UNDERWRITING ARRANGEMENT

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.


Reviews

TypeREST API
OrganizationMuleSoft
Published by
MuleSoft Solutions
Published onNov 8, 2023
Asset overview

Asset versions for 11.0.x

Asset versions
VersionActions
11.0.0