This document provides instructions for reviewing and processing private loan applications with pending statuses in the ELM and PeopleSoft systems. It outlines steps to check loan details, manually certify loans in ELM if needed, update statuses in PeopleSoft, and add comments before completing the worklist item. Statuses include certification or response pending, certification completed, disbursement scheduled, loan cancelled, and needing borrower information. The instructions provide guidance on confirming loan details, entering certification details, overriding statuses, and communicating with lenders as necessary.

1. Private Loan
Cert/Response Pending

2. Claim Worklist Item
▪ Select the “Claim Next Item” icon to the right of the “Private Loan
Response Pending” or “Private Loan Cert Pending” row.

3. Review Private Loan in ELM
▪ Log in to ELMOne.
▪ Enter the SSN from the
pending worklist in the Student
SSN field and search
▪ Ensure the correct private loan
is being reviewed (Loan Period,
Lender Name, Amount etc.)
▪ Review the loan status in ELM
under the “Status” column to
determine what steps need to
be taken

4. Certification Status
Certification Requested

5. Review Maintain Originated Loans
 Review both Loan Origination
tabs 1 and 2 to ensure all loan
information is present and
matches ELM.
 Lender DestinationCode
 Common line/LoanApplication Id
 In order to manually certify
loan on ELM, make note of:
 LoanAmount
 Loan Period

6. Certify on ELM
▪ From the Certification Detail screen
– Enter Certified amount Choose correct
– Grade Level
– Enrollment Status
– Anticipated Graduate Date: 05/21/2021
– Loan Period
– Update disbursement amounts and
disbursement dates according to loan
period
▪ Click on Action
▪ Choose Certify

7. Override Loan Status in PeopleSoft
▪ From the CommonLine
Management screen
– Click on the “Remove Hold”
radio button and click Update
Status
– Click the “Accept Orig” radio
button and click Update Status
– Save
▪ Complete worklist

8. Certification Status
Certification Completed

9. Loan Status: Disbursement Scheduled
▪ Review the private loan data in the
worklist.
– Confirm the “Loan Application ID” field
matches the CL Unique ID on ELM and update
in PeopleSoft on Maintain Originated Loans
screen if necessary.
▪ From the CommonLine Management
screen
– Click on the “Remove Hold” radio button and
click UpdateStatus
– Click the “Accept Orig” radio button and click
UpdateStatus
– Save
▪ Complete worklist

10. Loan Status: Loan Cancelled
▪ Cancel loan in Peoplesoft.
▪ From the CommonLine
Management screen
– Click on the “Remove Hold” radio
button and click Update Status
– Click the “Accept Orig” radio button
and click Update Status
– Save
▪ Complete worklist

11. Loan Status: Need Borrower Info
▪ Contact Lender and determine what
steps if any are required by the school.
If lender is awaiting information from
the borrower, ensure the lender has
communicated with the student.
▪ From the CommonLine Management
screen
– Click on the “Remove Hold” radio button
and click Update Status
– Click the “Accept Orig” radio button and
click Update Status
– Save
▪ Complete worklist

12. Comment
▪ Due to error in loan transmission, manually certified loan on ELM.
Accepted origination in PS.