Loan Application Process (with Webform)
Comprehensive loan application process with online form submission, verification, credit assessment, and disbursement
Objective
Streamline loan applications from initial submission through approval and disbursement
Participants (4 roles)
Input
Loan application request from customer with required documentation
Output
Approved and disbursed loan or rejected application with feedback
Process Flow
flowchart LR
node0["Collect Application Information"]
node1["Verification"]
node2["Credit Committee Review"]
node3["Approval Decision"]
node4["Legal Documentation"]
node5["Fund Disbursement"]
node0 --> node1
node1 --> node2
node2 --> node3
node3 --> node4
node4 --> node5
classDef default fill:#1e293b,stroke:#3b82f6,stroke-width:2px,color:#e0e7ff,padding:10px
Performance Metrics
5-7 days
averageProcessingTime
65%
approvalRate
$150,000
averageLoanAmount
4.2/5
Customer Satisfaction
Stages Overview
| PROPERTIES | STAGE 1
Collect Application Information | STAGE 2
Verification | STAGE 3
Credit Committee Review | STAGE 4
Approval Decision | STAGE 5
Legal Documentation | STAGE 6
Fund Disbursement |
|---|---|---|---|---|---|---|
| Stage Owners | Loan Officer | Loan Officer | Credit Analyst | Credit Committee | Legal Team | Loan Officer |
| Stage Workers | Credit Analyst | Credit Analyst | Credit Committee Loan Officer | Loan Officer | Loan Officer | Credit Analyst |
| Duration | 1 day | 2 days | 2 days | 1 day | 2 days | 1 day |
| Output Fields | •
Company Information* •
Funding Amount Requested* •
Loan Purpose* | •
Bank Statement (6 months)* •
Identity Verification Status* •
Credit Check Result* | •
Credit Report* •
Risk Assessment* •
Committee Meeting Date* | •
Approval Status* •
Comments •
Approved Amount* | •
Legal Docs Status* •
Security Type* | •
Fund Disbursement Status* •
Disbursement Date* •
Disbursement Amount* |
| To-dos | • Collect company and managing director details • Gather funding request and contract information • Obtain invoice details if applicable | • Verify identity of managing director and applicant • Conduct criminal and credit record checks • Verify bank account and financial documents | • Verify all supporting documents • Prepare comprehensive credit report • Present to credit committee meeting | • Review credit committee recommendations • Make final approval decision • Document any conditions or requirements | • Prepare loan agreement and security documents • Send legal documentation to client • Track document signing status | • Process fund transfer • Update loan management system • Send disbursement confirmation |
Automation Rules
Automation 1: Field Value Alert
If Credit Check Result equals, Then send notification to Credit Committee with message: "High-risk application requires special attention"
Automation 2: Custom Automation
If stage_overdue, Then escalate to Loan Officer with message: "Verification stage overdue - please expedite"
Workflow Summary
Total Stages
6
Total To-dos
18
Output Fields
17
Automations
2