Loan Application Status

Loan Application Status allows you to define any number of account statuses / payment statuses for Loan Applications and define the action to be done at each status.

The following are the various tabs that appear on the Loan Application Status page.

To add new Loan Application Status record

  1. From Admin menu, click Status and then Loan Application status. Loan Application Status Search Page appears.

  1. Click Add. New Loan Application Status - Profile (1/2) page appears.

  1. Enter name of the status in Status name field.

  2. Enter Description for the status.

  3. Click Next. New Loan Application Status -- Confirmation (2/2) page appears.

  1. Click Finish. Loan Application Status page appears displaying the details of the Status you added. Status of the record will be Active.

Functions: Add, Search, Delete, Suspend

Delete: You can delete Loan Application Status record saved in Aura by a click on Delete button. Aura will ask for confirmation, on approving which selected record will be deleted.

Suspend: You can suspend the Loan Application Status by a click on Suspend button. When you click on Suspend button, Aura will ask for confirmation. On confirmation Aura will suspend the Loan Application Status and Activate button will appear in place of the Suspend button.

Activate: If you want to activate a suspended Loan Application Status record then click on Activate button. Aura will ask for confirmation. On confirmation Aura will Activate the Loan Application Status and Suspend button will appear in place of Activate button.

Profile

Profile tab, which is the default tab in the Loan Application Status screen, shows the basic Status details which were added in New Loan Application Status -- Profile (1/2).

To View/ Edit the Status

  1. Access Loan Application Status page. By default, Profile tab will be displayed.

Function: Edit

  1. Click Edit. Edit Profile page appears.

Note: Only Description field can be edited.

  1. Click Save. Profile page appears with the edited details.

Function: Edit

Custom Field

This option provides you the flexibility to define fields apart from those that are already available in the standard version of Aura. Thus, it enables you to customize additional data storage and use as required to suit your specific business needs.

Using the Custom Field tab you can maintain the custom fields mapped to the Loan Application Status. Depending on the custom fields created and mapped to Loan Application Status (using Admin > System Codes > Custom Fields), the fields will be displayed on this tab.

To Edit Custom Field

  1. Access Loan Application Status page and click Custom Field tab.

  1. Click Edit. Edit Custom Field page opens up.

  1. Enter Description for waiting for update the new Loan Application Status created which you created.

  2. Click Save. Custom Field tab appears with the edited details.

Functions: Edit