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.

This article provides 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 (see Loan Status Flow)

Status ID	Status name: displayed (system)	Status name (displayed)	Preconditions	Description	Workplaces where loans with this status are shown	Possible Status Change Actions	Typical Role(s)
0	Pre-Origination (PreOrigination)		N/A	Loan Application is being created Customer logs-in or an account is created for the customer	Start page Origination		Customer Originator
1	Origination (Origination)		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	Originator Customer (only for cancelling)
12	Collateral (Collateral)		Loan application recommended for approval at the Origination Stage AND Collateral evaluation is required for the credit product	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 Cancel	Collateral Manager Customer (only for cancelling)
3	Auto Processing (AutoProcessing)		Loan application recommended for approval at the Origination Stage AND If required, loan application 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 decision to recommend/not recommend the loan application for approval is made OR Automatic decision to approve the loan is made	Underwriting (the actions are performed at the background and their results are visible on the Underwriting workplace)	Automatically recommend for approval Automatically Approve Automatically reject Cancel	N/A (TurnKey Lender) Customer (only for cancelling) Underwriter (only for cancelling)
???	Risk evaluation (RiskEvaluation)		Two-step approval is required for the credit product AND Loan application passed all the required Auto Processing checks	Loan application is being pre-checked by an authorized Credit Manager Decision to recommend/not recommend the loan application for approval is made	Risk Evaluation	Recommend for approval Return for reprocessing Reject Cancel	Credit Manager Customer (only for cancelling)
2	Reprocessing (Reprocessing)		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	Originator
4	Waiting For Approval (WaitingForApproval)		Manual approval is required for the credit product AND Loan passed all the required checks at Auto-processing AND If required, loan application is recommended for approval at the Risk Evaluation stage	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	Underwriter Customer (only for cancelling)
5	Approved (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	Underwriter Customer (only for cancelling)
6	Rejected (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	Underwriting Archive	Sent for reprocessing Approve
7	Active (Active)		The loan was 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 Collection Collateral (if collateral needs to be re-valuated)
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
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	InitialPaymentsExpired		When a loan delivery date is due	Underwriting
301	Closed_OfferDeclined	OfferDeclined		When a borrower declines the offer	Archive
302	Closed_OfferExpired	OfferExpired		When a borrower has not replied to the offer in a given time period	Archive

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Loan Statuses (for KB)

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