After you provide the basic information about the loan request, the recipe evaluates a loan request and approve or reject it based on the applicant's credit score.
1Open the Loan Processor guide.
2On the Start tab of the Start step, ensure that the Run As field is set to Current User.
3Save and publish the guide.
4On the Actions menu, click Run. Alternatively, you can copy the execution URL from the Properties Details dialog box to run the guide.
5On the Instructions page, enter information related to personal details, employment details, and loan details, and attach an identity proof. The recipe uses this information to perform initial verification.
6Click Submit Loan Request.
If the credit score of the applicant is more than 700, the loan gets automatically approved and an approval email is sent to the applicant with the document for an e-signature. Otherwise, an email is sent to the applicant stating that the loan application is under review. Simultaneously, an email is sent to the reviewer to review the loan request. Based on the reviewer's decision, if the loan is approved, an approval email is sent to the applicant with the document for an e-signature. Otherwise, a loan rejection email is sent.
7On the next screen, the load ID and loan status appear.
8Click Continue.
9Click Done.
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