Loan Check List (1)

Screen ID:	ECL020-02	$images\43g_shg.gif$
Screen Title:	Electronic Check List
Panel ID:	43
Tool Number:	Multiple
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This screen appears when you use Check List (F6) on the Loan Recap screen. It can also be accessed after a loan account is created using the Loan App File Verification screen.

This screen is used to track the progress of the loan application by way of an electronic “to do” list of tasks to be completed. As each task is done, it is marked “completed” with a date and employee ID. Because a unique checklist can be configured for each loan category, and the list can be accessed both before and after the loan is created, this system can prove invaluable in several situations:

As a training tool - By creating a task list by product type, the lending leader can walk the loan processor/officer through the list of things that must be completed before the loan can be approved or disbursed (such as what form types must be completed to secure an automobile loan, etc.).
Compliance - By creating a task list, the lending leader is giving the lending department a guideline for policy and setting a style of conformity for the work being done. This system should be pointed out to an auditor or examiner as a management tool.
Communication and loan status tool - When the credit union employee who began the process is out of the building, and the member calls or drops by to finish the project, does your other staff have a way see which steps need to be completed? This tool will mark the spot.
Pipelining Available Funds (ALM) - Mostly used for mortgage lending, this system, along with the reports that can be generated, can give the manager an idea of the liquidity needed to fund loans based upon the process being completed and the time frames for disbursement.

To mark a task as completed, select the task and use Maintenance (F6).

Loan File Verification

If this screen is accessed after a loan account has been created, it can be used to work tasks that must be completed after the loan has been approved.

For complete information about using the File Verification feature to track loan file information, refer to the booklet Configuring Tools for Your Loan Team.

Field Descriptions

Field Name	Description
Task	The task number assigned to the task when it was configured.
Description	A description of the loan application task.
Request Date	The date on which the loan application was created.
Completion Date	The date on which the task was completed.
Days	The number of days between the Request Date and the Completion Date.
ID	The employee ID of the person who marked the task as completed.

Buttons

Button	Description
Print Checklist (F5)	Use this to print a hard copy of the check list.