Forums for the Business Analyst

 
  Modern Analyst Forums  Business and Sy...  Requirements  Need a use case on loan origination system
Previous Previous
 
Next Next
New Post 9/14/2017 1:35 PM
User is offline Mechatron
1 posts
No Ranking


Need a use case on loan origination system 

Hi,

I am looking for requirement/use case specific to loan origination system. If anybody has written so far, would you mind sharing with me? If you have written BRD/FRD with the real-time scenario, sharing that would help me tremendously.

My apologies, if it's too much to ask. I am checking just in case scenario.

Regards,

Vijay

 

 
New Post 9/15/2017 10:04 AM
User is offline NitWitNick
259 posts
5th Level Poster


Re: Need a use case on loan origination system 
Maybe an old ModernAnalyst post can help ... http://www.modernanalyst.com/Community/Forums/tabid/76/forumid/-1/threadid/9158/scope/posts/Default.aspx
 
New Post 10/10/2017 7:55 AM
User is offline Kevin 01
1 posts
No Ranking


Re: Need a use case on loan origination system 

Hello, I have about 10 years of experience working with loan origination systems, but that was at a previous employer and I didnt keep my documentation. 

I will try to summarize

Users can apply for several different types of loans.  Collateralized or Signature.

If its a vehicle loan it can be a 

New-Preapproval, they dont have the VIN but have a price range in mind

New Done Deal, they have a signed buyers order VIN etc, this is used for loan valuation

Late Model Used, considered same as New Vehicle

Used either dealer or person to person

Once all the info has been entered in the system, borrower info, collateral info the system will auto-decision the application.  They can be returned in one of five different status.  Approved, Declined, Pended for Review, Counter offer up (when they qualify for more), Counter offer down (when they dont qualify for the amount requested, but can qualify for a lesser amount)

Once loan is decisioned, rate is calculated, you want try to sell them P3 or GAP. System will calculate if they can qualify for GAP based on LTV, and always offer the payment protection plan.

Once they have entered all that, let them decide how to receive the funds.

 

I have to run to a meeting, but post back here if you have any questions.

 
New Post 6/6/2018 6:55 AM
User is offline Natalie 02
1 posts
No Ranking


Re: Need a use case on loan origination system 

Hey,

 

if you still need information or case studies for loan origination, check out this website:

https://www.actico.com/en/solutions/loan-origination

they are a software provider, and have also a few case studies.

 

hope that helps, Natalie

 
Previous Previous
 
Next Next
  Modern Analyst Forums  Business and Sy...  Requirements  Need a use case on loan origination system

Community Blog - Latest Posts

Dan Tasker
Dan Tasker
  In Part 1 of this series it was stated that the overall objective of these articles is to improve the quality of requirements produced by business analysts. Following the adage that “Context is Everything” it established that a number of different contexts...
4 Responses
Arash
Arash
It may sound routine, but the importance of operational decisions cannot be underestimated. After all, not a day goes by without even the smallest business making dozens, if not hundreds of operational decisions that may affect the bottom line. Elevate these to large scale companies and we are talking thousands, if not millions of actions that impa...
0 Responses
Trividh Patel, CBAP
Trividh Patel, CBAP
At first, I wanted to tell people how they should go about getting their IIBA certification. But then I thought the best way to do this is by actually telling “how did I achieve my own CBAP?” So, friends here is my story. I started working as Business Analyst in 2002. I have used multiple elicitation techniques (such as interviewing,...
1 Responses




Latest Articles

4 Things To Consider Before Hiring A Business Analyst For Your Project
May 19, 2019
0 Comments
I like to compare a business analyst to an architect. While the architect asks questions about design, budget, and personal preferences of a person wh...
Copyright 2006-2019 by Modern Analyst Media LLC