1. BASIC Prototype
KEY
Basic componentsof program:
 The program profile shouldshow all of the documentsthatwill be required.
 The program shouldreflectwhere the borrowerisonthe timelineof his/herloanlending
process
 It shouldhave a shortdescriptionof the functionof eachstage (notshownonprototype i.e
whatis underwriting,whatisprocessingetc)
 Memo’sto the customershouldbe inserted forexplanationof the purpose of eachof the
documentsrequired
 Borrower’swill be able touploaddocumentsthemselves
Loan
Application
•AppraisalFee
•Personal
Identification
•Tax Returns
Processing
•Initial
Verification
of
Employment
•Inital Pay
Stubs
•Inital Bank
Statements
Underwriting
•Updated Tax
Transcripts
•Letter of
credit
explanation
Processing
•Final
Verification of
Employment
•Final Pay
Stubs
•Final Bank
Statements
Closing
•Final Review
ofloan
•Final review
ofprocessing
Closing
•Closing funds
•Personal
Identification
 Black- Received
 Red- NeedNow
 Blue- Needinthe future
 - Statusof borrower’sloan