Original article: Loan Status
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Loans with all statuses are displayed on Customers Workplace Loan statuses change according to Loan Status Flow. |
Status ID | Status name (system) | Status name (displayed) | Description | Workplaces where loans with this status are shown | Final Status | Comment |
|---|---|---|---|---|---|---|
| 0 | PreOrigination | - | Loan is created | - | ||
| 1 | Origination | Origination | Not all required customer details are gathered. | Origination | ||
| 2 | Reprocessing | Reprocessing | A loan was returned for reprocessing by the Underwriter | Origination | ||
| 3 | AutoProcessing | Auto Processing | The system is currently processing the loan (requesting Credit Bureau, checking Business Rules and Scorecard) | - | ||
| 4 | WaitingForApproval | Waiting For Approval | A final decision cannot be made automatically and should be made by the Underwriter | Underwriting | ||
| 5 | Approved | Approved | A final decision (system or manual) was to approve the loan. | Underwriting | ||
| 6 | Rejected | Rejected | The final decision (system or manual) was to reject the loan. | Underwriting Archive | ||
| 7 | Active | Active | The loan is disbursed to the customer. | Servicing Collateral (if collateral needs to be re-valuated) | ||
| 8 | PastDue | Past Due | There is a past-due debt for this loan. | Servicing | ||
| 9 | Closed_Repaid | Repaid | The loan is fully repaid and closed. | Archive | + | |
| 10 | Closed_WrittenOff | Written off | The loan was written-off by the system or manually and closed. | Archive | + | |
| 11 | RolloverRequested | Rollover Requested | The customer requested to roll over the loan. | Servicing Collateral (if collateral needs to be re-valuated) | not applicable starting from version 7.0 | |
| 12 | Collateral | Collateral | The loan's collateral needs to be added, evaluated, and approved | Collateral | ||
| 13 | DisbursementFailed | Disbursement Failed | Disbursement of the loan via a payment system is finished unsuccessfully. | Servicing | ||
| 14 | DisbursementInProgress | Disbursement in Progress | Disbursement of the loan via a payment system is currently processing. | Servicing | ||
| 15 | Closed_Restructured | Restructured | The loan is restructured and closed. | Archive | + | not applicable starting from version 7.0 |
| 16 | P2P_GatheringInvestments | Gathering Investments | Not all required loan amount is funded | Servicing | ||
| 17 | OfferConfirmation | TO DO | ||||
| 18 | WaitingForCustomerSignature | Signing | The loan agreement is sent to the customer for signing | Underwriting | ||
| 19 | Closed_AgreementDeclined | Agreement Declined | The borrower declined the loan agreement | Archive | + | |
| 20 | Closed_AgreementExpired | Agreement Expired | The borrower didn't make a decision about the loan agreement during the Expiry Period Days | Archive | + | |
| 21 | Closed_DeletedCustomer | - | The loan is closed because the customer has been deleted. | - | + | |
| 22 | Closed_Canceled | Canceled | The loan is canceled and closed. | Archive | + | |
| 23 | WaitingForDownPayment | Waiting For Down payment | The loan is waiting for a Down payment. | Underwriting, Servicing | ||
| 24 | RiskEvaluation | Risk Evaluation | The application is under review of the risk manager. | Risk Evaluation | ||
| 100 | BankAccount_Verification | Bank Account Verification | The loan agreement is waiting for bank verification | Underwriting | ||
| 101 | Closed_BankAccount_Verification_Expired | Bank Account Verification Expired | The Bank Account Verification period has expired. Loan closed | Archive | + | |
| 102 | BankAccount_Pending_Verification | BankAccount_Pending_Verification | The Bank account is not yet verified | Risk Evaluation | ||
| 103 | BankAccount_Waiting_RemoteService | BankAccount_Waiting_RemoteService | Waiting for response from the remote bank provider service | Risk Evaluation | ||
| 200 | InitialPayments_PreApproval | PendingInitialPayments | A client is expecting the very first loan delivery | Underwriting | ||
| 201 | InitialPayments_PreDisbursement | PendingInitialPayments | A client is expecting the very first loan delivery | Underwriting | ||
| 250 | Closed_InitialPaymentsExpired | Closed_InitialPaymentsExpired | When a loan delivery date is due | Underwriting | ||
| 301 | Closed_OfferDeclined | Closed_OfferDeclined | When a borrower declines the offer | Archive | ||
| 302 | Closed_OfferExpired | Closed_OfferExpired | When a borrower has not replied to the offer in a given time period | Archive |
Further reading
- The previous version of this article (in Russian / на русском): /wiki/spaces/EL/pages/38396
See also
More on loans:
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