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Original article: Loan Status

Status ID	Status name (system)	Status name (displayed)	Description	Workplaces where loans with this status are shown	Final Status
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 Underwriter	Underwriting
5	Approved	Approved	A final decision (system or manual) was to approve the loan.	Underwriting Servicing
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 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	Customer requested to rollover the loan.	Servicing Collateral (if collateral needs to be re-valuated)
12	Collateral	Collateral	Loan's collateral needs to be added, valuated and approved	Collateral
13	DisbursementFailed	Disbursement Failed	Disbursement of the loan via a payment system is finished unsuccessfully.	Servicing Underwriting
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	+
16	P2P_GatheringInvestments	Gathering Investments	Not all required loan amount is funded	Servicing
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	+

Loans with all statuses are displayed on Loan Management Workplaces

Loan statuses change according to Loan Status Flow.

Further reading

See also

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