Loan offer
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To manage loan offers in the BackOffice you can do the following:
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The loan offer is the second step of the loan origination process after the loan application. The input data for creating the loan offer comes from the loan application.
There are two scenarios of how you can manage the loan offer processing:
You can create a loan offer directly from the loan application using the API endpoint:
You can proceed by creating a loan offer via BackOffice or by using the Loan offer API:
Find the borrower’s person page: Persons > Search.
From the content menu, select Loans > Loan offers.
Loans > Search > Offers.
Fill in search parameters > Search.
To access the loan offer details, click the loan offer Number.
Once the loan offer is created, you can also view the fees associated with this loan offer. To view the fees information:
On the loan offer page scroll to the Fees section.
The BackOffice allows editing of the following loan offer details: loan offer details, payment conditions, other information (fees), and payment instructions.
To edit the loan offer:
Click the Edit offer button > add new values and click on the plus icon to add new payment instructions > Save.
Note that you can also edit the loan offer fees:
To modify the loan offer payment instructions, you can edit existing payment instruction or add new ones.
To modify existing payment instructions:
Click the edit sign and modify the existing parameters > Save.
To add new payment instructions:
Click the plus sign and fill in new payment instructions > Save.
From the content menu choose Schedule.
Applies only if a borrower requests a secured loan.
To add an asset to a loan offer:
From the content menu, select Collateral.
On the Offer collateral page, click the plus sign to add a new asset.
The loan offer schedule represents the loan repayment schedule. The loan offer schedule offers to search for the loan offer schedule:
From the content menu, select Schedule.
From the content menu, select Schedule.
Click the Export CSV button.
Once the loan offer has been presented to the borrower, you can accept the offer on behalf of the borrower.
To accept the loan offer:
Find the loan offer in question.
Click the Accept Offer button and confirm your decision.
Once the loan offer has been presented to the borrower, you can decline the offer on behalf of the borrower.
Find the loan offer in question.
Click the Cancel button that is located at the bottom of the page > select the cancellation reason > Cancel.
- This endpoint creates the loan offer if the loan application successfully passes through the loan application process.
- You can use this endpoint to create a new loan offer if your company manages the loan applications outside the Tuum.
Click the Create offer button > enter the > Create.
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Follow the to add a new or existing asset.
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