Loan Approval Workflows
Efficient loan approvals are critical for both compliance and member or customer satisfaction. With SimplifyIT, you can automate your institution's loan approval process using dynamic forms, role-based routing, and instant notifications - no coding required.
Typical Loan Workflow Steps
- Submission: A loan officer or branch staff submits a new loan request using a structured form
- Initial Review: Routed to an underwriter or lending manager for review
- Supporting Docs: Automatic prompts if documentation is incomplete
- Final Decision: Routed to VP or executive depending on loan type or amount
- Audit Trail: Every step time-stamped and archived
Configurable Without Code
- Set approval rules by amount, department, or loan type
- Assign fallback reviewers in case of absence
- Trigger alerts for missing signatures or delays
- Embed supporting policies directly in the form
Real-World Example
A lending team at a credit union uses a single form for all consumer loans. If the loan amount exceeds $25,000, the form automatically routes to a manager for a second signature and includes a link to the member's credit union relationship score. If approved, it generates an instant archive PDF for audits.
Ready to Launch?
Contact us to discuss setting up workflows for your credit union or watch the demo to see real forms in action.