This table provides detailed description of the loan statuses. The status ID field is provided for internal purposes but can be used by the customers to refer to a specific status in their communication with the company support.
The order of statues may not correspond the actual flow of the statuses, moreover some of the table peculiarities may vary in some specific cases.

Status ID	Status

name

	Preconditions	Description	Workplaces where loans with this status are shown	Possible Status Change Related Actions
0	Pre-

Origination

Origination (0)	N/A	Loan Application is being created Customer logs-in or an account is created for the customer	Start page Origination
1

Origination

Origination (1)	Customer created in the system	Basic customer and loan details are collected and entered into the system Initial decision to recommend/not recommend the loan application for approval is being made	Origination	Recommend for approval Cancel the application
200	Pending Initial Payment

A client is expecting the very first loan deliveryUnderwriting201

Pending Predisbursment Payment

A client is expecting the very first loan deliveryUnderwriting100

Bank Account Verification

The loan agreement is waiting for bank verificationUnderwriting101Bank account verification expiredThe Bank Account Verification period has expired. Loan closedArchive+12Collateral

(200)	Loan application has been recommended for approval AND Credit product requires an Initial Payment prior to the loan approval OR Loan application has been approved AND Credit product requires an Initial Payment prior to the loan disbursement	We are waiting for the customer to pay a pre-approval/pre-disbursement fee	Underwriting	Confirm that the payment has been received (enables further processing) Cancel the application
250	Initial payments expired (250)	Pre-approval/Pre-disbursement fee has not been paid within the defined period	The loan application is closed	Archive	Final Status
100	Bank Account Verification (100)	Loan application has been recommended for approval AND Bank account defined for the loan application has not been confirmed (subject to the system settings this check may be performed as one of the first or at the end of pre-approval stage)	We are waiting for the customer to go through the bank verification process	Underwriting	Request the customer to pass the bank account verification Cancel the application
101	Bank account verification expired (101)	Bank account defined for the loan application has not been confirmed within the defined period	The loan application is closed	Archive	Final Status
12	Collateral (12)	Collateral evaluation is required for the credit product AND Loan application has been recommended for approval at the

Origination Stage

Origination

The loan's collateral is being added and evaluated
Decision to recommend/not recommend the loan application for approval is made

Collateral

Recommend for approval
Return for reprocessing

Reject

Reject the application

Cancel

Cancel the application
3	Auto

Processing

Processing (3)

Loan application recommended for approval at the Origination Stage
AND
If required, the initial payment has been made
AND
If required, the loan application has been recommended for approval at the Collateral stage

System is automatically processing the loan application in compliance with the credit product settings (Credit Bureau request, Business Rules and Scorecard checks)

Automatic

Subject to the system and credit product settings settings, automatic decision to recommend/not recommend

the loan application for approval is made
OR
Automatic decision to approve

/approve/reject the loan is made

Underwriting

Underwriting

Risk Evaluation
(the actions are performed at the background and their results are visible on the Underwriting

workplace

and Risk Evaluation workplaces)

Automatically recommend for approval
Automatically

Approve

approve
Automatically reject

Cancel

24

Risk

evaluation
Two

evaluation (24)

The credit product requires a two-step approval

is required for the credit product

AND
Loan application

passed

satisfies all the

required Auto Processing checks

previous conditions and checks (initial payment, collateral, auto-processing)	Loan application is being pre-checked by an authorized Credit Manager Decision to recommend/not recommend the loan application for approval is made (if recommended, the loan moves on to Underwriting)	Risk Evaluation	Recommend for approval Return for reprocessing Reject Cancel
2

Reprocessing

Reprocessing (2)	Loan application returned for reprocessing (after Collateral or Risk Evaluation, or by an authorized Underwriter)	Basic customer details are edited or updated Initial decision to recommend/not recommend the loan is confirmed or updated	Origination	Recommend for approval (repeatedly) Cancel
4	Waiting For

Approval

Approval (4)

Manual approval is required for the credit product
AND
Loan

passed

application satisfies all the

required checks at Auto-processing

AND

If required, loan application is recommended for approval at the Risk Evaluation stage

previous conditions and checks (initial payment, collateral, auto-processing, risk evaluation)	Loan application is awaiting for the decision of an authorized Underwriter Authorized Underwriter is taking the final decision on the application approval	Underwriting	Approve Return for reprocessing Reject Cancel
17	Waiting for offer confirmation	Loan was approved Offer was sent to the customer
5	Approved	Loan application was approved at the end of Auto Processing or Underwriting stage	Loan application is awaiting for disbursement BUT It can still be rejected by an Authorized Underwriter	Servicing Underwriting	Initiate disbursement (Servicing) Reject (Underwriting) Cancel
6	Rejected	Loan application was rejected (as a result of Collateral or Risk evaluation; Auto Processing or authorized Underwriter's decision)	Processing of the loan application is on hold BUT It can still be approved or sent for reprocessing by an authorized Underwriter Loan application is added to the archive	Origination Collateral Risk Evaluation Underwriting Archive	Sent for reprocessing Approve
16	Gathering Investments	Loan application was approved The credit product implies peer-to-peer investment Not all required loan amount has been collected	Investments for the loan are being collected	Servicing	Reject Cancel Collect full amount of the investments
7	Active	The loan was disbursed to the customer.	Loan is being serviced: Schedule is updated Payments are collected Any payment issues are registered	Servicing Collateral (if collateral needs to be re-valuated)	Register payment Restructure the loan Set the loan to paid-off Set the loan to repaid
8	Past Due	Loan payment wasn't performed on time	There is a past-due debt for this loan.	Servicing Collection Collateral (if collateral needs to be re-valuated)	Register payment Restructure the loan Set the loan as paid-off Set the loan as repaid
9	Repaid	The loan is fully repaid and closed.		Archive	FINAL STATUS
10	Written off	The loan was written-off by the system or manually and closed.		Archive	FINAL STATUS
11	Rollover Requested not applicable starting from version 7.0	The customer requested to roll over the loan.		Servicing	Allow Rollover
13	Disbursement Failed	Disbursement of the loan via a payment system is finished unsuccessfully.		Servicing
14	Disbursement in Progress	Disbursement of the loan via a payment system is currently processing.		Servicing
15	Restructured not applicable starting from version 7.0 ????	The loan is restructured.		Archive	FINAL STATUS

17

Waiting for offer confirmation

Loan was approved

Offer was sent to the customer


18	Waiting for signature	The loan agreement is sent to the customer for signing	Underwriting
19	Agreement Declined	The borrower declined the loan agreement	Archive	FINAL STATUS
20	Agreement expired	The borrower didn't make a decision about the loan agreement during the Expiry Period Days	Archive	FINAL STATUS
21	Customer deleted	The loan is closed because the customer has been deleted.	-	+
22	Canceled	The loan is canceled and closed.	Archive	+
23	Waiting For Down payment	The loan is waiting for a Down payment.	Underwriting, Servicing
24	Risk Evaluation	The application is under review of the risk manager.	Risk Evaluation
102	Waiting for Bank Account Verification	The Bank account is not yet verified	Risk Evaluation
103	Waiting for response from the bank service provider	Waiting for response from the remote bank provider service	Risk Evaluation
250	Expired Initial Payment	When a loan delivery date is due	Underwriting
301	Offer Declined	When a borrower declines the offer	Archive
302	Offer Expired	When a borrower has not replied to the offer in a given time period	Archive

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Further reading

See also

Page Comparison

Versions Compared

Old Version 1

New Version 2

Key

Further reading

See also