Introduction to Loan Processing with GenAI recipe
The Loan Processing with GenAI recipe is based on REST and SOAP APIs.
The process is called by an HTTP request with basic information about the loan request as an incoming parameter. The process performs initial verification by validating the loan information. After successful validation, the process sends an email for application submission, generates a loan ID, and verifies employment details and income. The process then performs a credit check to assess any risk by calling the LLM and summarizing the application. If the credit score of the applicant is more than 600, 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.