Loans with all statuses are displayed on [ Loan Management Workplaces ]
Loan statuses change according to Loan Status Flow.
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Not all required customer details are gathered.
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A final decision (system or manual) was to approve the loan.
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Underwriting
Servicing
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Servicing
Collection
Collateral (if collateral needs to be re-valuated)
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Disbursement of the loan via a payment system is finished unsuccessfully.
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Servicing
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Further reading
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Loan has its own lifecycle that starts with its creation and goes through different recommendation and approval stages, and end when the load has been, for example, paid off, rejected or cancelled. To make it easier to follow this cycle, loans are assigned statuses that changes as they are being processed. "Workflow" tab of the loan details provides an overview of the main statuses in the history of a specific loan.
