Appraisal

Use this sub-module to appraise the applied loans - the evaluation of the proposal of the loan to determine the repayment capacity of the borrower. 

This will only be done by authorized loan officers.

To access this module: Credit Management -> Navigate -> Operations ->Loan Origination-> Appraisal

 The following window will open up:

NOTE :

• After Registration of the Loan, the next step is loan appraisal.
• For a loan appraisal to be done, the loan applicant's file has to be sent from the Registry department after its registration to the Loaning Office (Credit Administration Office). Once the file has been dispatched to the Loans Office and received by the Loans Appraising Officer, then Appraisal can be done.

      Please  refer to File Dispatch, under Registry Module on how to dispatch a file.

• At this stage, the officer checks the data given by the applicant, the purpose of the loan and the repaying capacity of the applicant along with the viability of the proposal,         go through the customers file from registry and offer his remarks.
• The file has to be received physically and through the system so that Appraisal function can be accepted.

Receiving A File By The Loans Department

         Please  refer to File Reception on how to receive a file, under Registry Module

Loan Appraisal:

• Once the file has already been received into the Loans Department, then appraisal can be done.

      Loan Number - To select a Loan Case, click on the lookup icon to open the Loan Case Lookup dialog box:

Loan Appraisal Fig. 2

        Select the previously registered loan case, or search for and retrieve a specific case. 

Once you select the Loan Number, the following fields load automatically: Customer name, Age, Identity Card #, Personal File #, Loan {Product, Load Section, Term, Interest Rate per Period, Interest Calculation Mode, Loan purpose, Amount Applied, Received Date & finally Interest Charge Mode. 

On this window we have the following Buttons (circled in red) for further navigation (Look at the figure below):

• Qualification
• Loan Guarantors
• Existing Guarantors
• Appraisal
• Loan Collaterals
• Loan History
• Standing Orders
• Payout History
• Loan Applications
• Customer Accounts

Loan Appraisal Fig. 3

          Qualifications

                 This option is used to enter some important information that will be used to evaluate/assess the loan applicant. 

Such Important data include; The applicants Net Income, as well as the Applicant's Income Adjustments (allowances and deductions). 

The figure below shows the Loan Qualification window:

Loan Appraisal Fig. 4

            On the above window:

The customer's investment balance, investment multiplier,maximum loan,section,outstanding loans balance and maximum entitled will be automatically populated to the             respective  fields. 

 Net Income - Enter the applicants Net Income.

Income Adjustment

Here you key in the total deductions and total allowances for the customer

Loan Guarantors :

This option is used to aid in showing all the Guarantors for the particular loan applied. Among the details shown are the Total              amount of shares and the Amount Guaranteed.

From the figure above, the Loans Officer can be able to see who are the guarantors for the loan applicant. The Guarantors               details will be displayed here for review by the Officer.

Existing Guarantors

          When this option is clicked, it displays the already existing guarantors for the customer

           Appraisal

       This button  shows how the applicant qualifies for the Loan Applied. The applicant is assessed on Security Qualifications (money  from the guarantor(s), Income Qualifications,Collaterals & Investments Qualifications). 

Collaterals

Use this option to view other loan securities(collaterals)

Loan History

When this option is clicked, it displays all the loans the have been disbursed to the customers, the rejected loans and why.

Standing Orders

When this option is clicked, you will be able to see/view the customers Standing Orders instructions. All the standing orders            instructions will be seen or displayed here.

Payout History

Use this option to check on the Customers income history i.e Salary & Payouts

Loan Applications

Use this option to check on all pending or Loans in the application queue and their statuses.

Collaterals

Use this option to view other loan securities(collaterals)

Customer Accounts

This option is used to aid in showing all the details about the pending/current outstanding Loan accounts of the applicant including the name of the loan product and the amount             among other details.

NOTE : You can only capture one adjustment at a time.

                                 To capture several adjustments, repeat the above steps.

Loan Appraisal Tab:

 This is the final stage before Appraisal can be accomplished. This button  shows how the applicant qualifies for the Loan Applied. 

The figure below shows when the Appraisal Button is clicked:  Loan Appraisal Fig. 8

The lower part of this window displays any loans attached to the applied loan, and the repayment schedule of the applied loan once the appraised amount is keyed in

The Loaning officer can also choose the principle and interest to be paid in case the customer isn't capable to pay the whole amount or as per agreed

Points to note from the figure above:

• System Recommendation &  System Remarks

At this stage, the System will give it's recommendation, as well as System remarks (such as on what basis did it assess the loan applicant)

• Loan Officer Recommendation & Loan Officer Remarks

At this level, the Loans Officer has the right to give his/her recommendation and in turn override the systems recommendation. 

Once the Loans Officer does the above, he/she has to give his/her Remarks in the Loan Officer Remarks field indicating reasons for appraisal or rejection. 

1. After assessing the applicants guarantors, loan balances, loan qualifications,the loans officer can now appraise or reject the application.

2. Click on the lookup icon at the Appraisal Remarks to open the Loaning Remark Lookup dialog box:

Loan Appraisal Fig. 11

3. Select the appropriate remarks in regards to your decision. 

4. In view of the officers decision select the appropriate choice of either; APPRAISE, or REJECT and click on the SAVE Button.

On successful completion you will get a pop up message confirming that the operation was successful.

A printing prompt will also pop up, prompting you to print the appraisal:

Loan Appraisal Fig 12 - Printing Appraisal

                     Accept or reject accordingly.

Loan Appraisal With Investment Exemptions

Support ›› Manual ›› Credit Management ›› Operations ›› Loan Origination ›› Appraisal ››

Loan Appraisal With Investment Exemptions

    Use this sub-module to appraise the registered loans, based on the investment exemptions created under the appraisal investment product. 

    This is the evaluation of the proposal of the loan to determine the repayment capacity of the borrower. 

    The process is standard, except for the loan multiplier which is now checked from the auxiliary ranges defined : 

  Loan Appraisal With Investment Exemptions Fig 1

 Rather than the one defined in the loan product primary  details tab. See below :

Loan Appraisal With Investment Exemptions Fig 2

             This will only be done by authorized loan officers.

To access this module: Loan Origination Module -> Navigate -> Operations -> Applications -> Appraisal

       The following window will open up:

Loan Appraisal With Investment Exemptions Fig 3

            On the above window, look up the loan number to be appraised by clicking on the look up icon. 

Loan Appraisal With Investment Exemptions Fig 4

               Select the loan case to be appraised. 

The loan details will be populated. 

Select the loan qualification window, which will be presented as below :                                                                                                                        

Loan Appraisal With Investment Exemptions Fig 5

Notice that the investment multiplier is 9 and not 4, since it was selected from the auxiliary investment appraisal factor investment ranges. 

    The maximum loan qualification for the customer in case is now greater. 

The rest of the appraisal process remains standard till completion. 

NOTE : The above process can only be achieved if the following conditions have been satisfied : 

• A customer must be classified.
• The appraisal investment product must have exemptions defined, for all customer classes.
• The loan product applied for must have the auxiliary investment appraisal factors defined.
• The loanee's investment balance must be within the ranges defined in the appraisal factors above.
• The  Enforce investment products exemptions ?  flag must be checked under companies.

On successful completion you will get a pop up message confirming that the operation was successful.

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