Oracle Credit Management integrates with Oracle Loans to provide functionality around credit reviews that are initiated by loan applications in Loans.

Process Flow of a Loans Credit Review

This sequence of events describes the process flow of a credit request that is initiated from Oracle Loans.

1. A new loan application is created in Loans.

2. A credit review request is sent to Oracle Credit Management via the Create Credit Request API.

3. The Create Credit Request API creates a credit application.

   Using the Credit Management Application workflow, Credit Management attempts to submit the credit application and create the case folder for credit analysis without user intervention.

   Note: The case folder number is the same as the loan number. Co-borrower details are totaled with the primary borrower's data points in a single, combined case folder.

   Data points from Loans are listed as Additional Data Points, and can use PL/SQL functions to automatically derive data point values.

   If, at any time, the workflow processing fails, Credit Management assigns a credit analyst to the credit review for manual processing.

4. Once a credit score has been calculated by the assigned scoring model, either Credit Management or a credit analyst assigns one or more recommendations to the case folder, and submits and closes the case folder.

5. In Oracle Loans, the loans agent reviews the case folder, especially the recommendations.

   • If the credit request is approved, the agent reviews the loan application and submits it to the loans manager for approval.

   • If the recommendation is to reject the loan application, the loans agent can continue to seek approval from the loans manager, or resubmit the loan application for credit review after making modifications to the loan application based on the recommendations.

6. If the loans agent decides to resubmit for credit review, the re-submission from Loans creates a new credit request, which undergoes the same general process in Credit Management as the original request.

   A case folder associated with the re-submission is generated in Credit Management. This case folder is a duplicate of the closed case folder from the original credit request, plus additional data for the new request.

   Note: There can be a number of review and resubmission cycles for a given original loan application. Only the latest version can be resubmitted, and each version can only be resubmitted once.