Configuring the Business Workflows Processor
The Business Workflows Processor uses rules-driven business transitions between statuses to help a customer see the status of their loan application. It renders the status of a record, i.e. in this case the loan, in the workflow and provides processing that must occur for the loan to move to the next step in its life cycle. For the Value-Added Marketplace Powered Lending, there is an end-to-end self-service flow.
To download the diagram, click here.
The statuses are:
| Status | Correspondence |
|---|---|
| New | Click Project future expenses. |
| Dreams selected | 1 Let's start dreaming! |
| Loan destination | 2 What do you want the most right now? |
| Trip configured | 3 Calculate the budget for your trip |
| Flight done | The status when the flight has been selected in Flight |
| Accommodation done | The status when the accommodation has been selected Accommodation. |
| Car done | The status when the car has been selected in Car Rental. |
| Insurance done | The status when the insurance has been selected in Travel Insurance. |
| Summary done | Holiday Estimation Summary |
| Simulation done | Configure Your Loan |
| OCR done | 1 Let's find you a loan |
| OCR failed | The scanning of the ID failed. |
| Personal info collected | 2 Check Data Collected |
| ID confirmed | The status when the selfie has been confirmed in Selfie. |
| ID failed | The selfie failed to be matched to the ID document. |
| Employment info done | Employment History |
| Analysis successful | When the scoring formulas has been calculated and the customer is eligible. |
| Loan approved | 1 Analysis |
| Loan rejected | The loan was not approved due to eligibility calculations or due to the failure of the integrations. |
| Product selected | 2 Product Selection |
| Documents generated | The documents have been sent via email. |
| Documents signed | Sign the Contract |
| Disbursment selected | Congratulations |
| Trip payment done | Your Services Summary |
| Expired | The states: New; Dreams selected; Loan destination; Trip configured; Flight done; Accommodation done; Car done; Insurance done; Summary done; Simulation done; OCR done; OCR failed; Personal info collected; ID confirmed; ID failed; Employment info done; Analysis successful; Loan approved; Loan rejected; Product selected; Documents generated; Documents signed can lead to expired. |
For more details, see Business Workflow.