Loan Request Recap

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Loan Request Recap


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The Recap screen appears after a payment is selected on the Loan Request Payment Selection screen. It will also appear after selecting a loan request on the Loan Request Maintenance screen.

Warning: Since multiple people can be working a loan application at the same time, it is possible for updates to be overridden by another user.  

Check out the video related to this topic: Completing the Loan Estimate (More videos below!)

Helpful Resources

I am a loan officer reviewing the application screens with a loan underwriter and the loan underwriter changes are not being saved. Why is this happening?  

Screen Overview

This screen provides a recap of the complete loan request. The system has completed the amortization calculations, providing you with accurate payment information. If necessary, you may use Edit Loan (F2) to return to the Loan Request screen, make any desired changes, and use Enter to recalculate and display a new recap.

This is the final screen used in the basic loan request sequence. From here you can proceed to many different features for working with this loan, including completing the application screens, overriding loan information, approving and creating the loan, denying the loan application, and more. Think of the Recap as “command central” for working with a pending loan application.

Notice the “Application Created” flag at the top of the screen. If this reads YES a loan application has already been started for this request. Use the Complete Loan Appl (F23) to work with a new or existing application for this request.  If a secondary loan application is also included, this loan request is using the Associated Application feature.  Learn more about Associated Applications here and in the Associated Applications booklet.  

See below for a description of other features available on this screen.


Flagging a Loan With An Underwriting Code

If your credit union uses the Underwriting Codes to track loan applications, this screen is used to flag the application with one of your configured Underwriting Codes.

Enter the 2-character code (click the lookup images\magnifyingglasslookup_shg.gif to see a list of your credit union's configured codes) as well as the underwriter’s Employee ID and password, then press Enter. If the ID and password entered are not valid, or do not have the proper security to assign this code, an error message may appear. Otherwise, the code description and employee name will be filled in and, if this code is configured to send an email, the email notification will be initiated (it may take a few moments to process). If the Underwriting Code you entered is configured to display Comments or Notice screens, those screens will automatically appear next.  (SEE ALSO:  Configuring Underwriting Codes)

Approving a Pre-Membership Lending Request

Once a pre-membership loan request has been approved and the individual's membership eligibility verified, the loan can be created. The system will automatically display the screens necessary for opening the membership (including any membership fees normally charged), and then will proceed to create the loan account as usual.

On this Loan Recap screen, click the Create Loan Account button (or press F15) to begin the process. The membership creation screens will appear first, then the system will proceed to create the loan as it would for an existing member.

Lending Fraud Block List

A lending fraud block list scan is run against the SSN/TIN who whom the loan is being opened.  if the name is on the list,, the loan officer will be blocked from opening the loan for the person.

How does the lending denial of service fraud block list work? Is an employee blocked from creating a loan application or from opening a loan for a member? Can the member still submit an online loan application?

Field Descriptions

Field Name


Application #

The application number assigned to this loan application.

Loan category

The loan category indicating the type of loan.

Loan product

The loan product indicating the type of loan.

Account open reason code

The open reason code entered for this loan request.  This is entered on the first loan request screen.

App created

If the application screens have been started for this loan request, this will read YES. If it reads NO, the Complete Loan App feature has not yet been used to begin the application.

If necessary, use the Clear App Data button to delete existing application information and start over. The loan request itself remains intact. This is helpful if a new credit report has been pulled and you wish to flood new data from that report into the debts section of the application. (Click here for information about filling in debts from credit reports.)

  • Remember that data from an application is automatically saved in the household database. Therefore, using the Clear App feature allows you to start a new app, pulling in data “fresh” from the household database once again.

App date

The date on which the original loan request was created.

Disbursement date

An informational field indicating the date on which funds are to be disbursed to the member. (Remember, this date is a reference used only by the amortization calculation; funds can be disbursed on a different date as needed.)

First payment date

The first date on which a payment will be due.

Maturity date

The date the final payment on the loan comes due.

Amort term date

(For balloon loans only.) This field shows the date used for calculating the loan payment, and is computed using the term entered into the Amortization term field on the previous screen.

  • Example: If a balloon is amortized over a 48-month term but will be paid in 24 months, this date is computed using the 48-month term.


The frequency of the payment.


The payment amount.

Final payment

The amount of the final payment.

  • NOTE: This is provided as a reference only. Variables throughout the life of the loan, such as the dates and amounts of actual payments, may affect this final figure. When the loan is actually paid off, the system will provide an accurate amount at that time.

# of payments

The total number of payments to be made over the life of the loan.

Interest rate

The interest rate charged on the loan.

Modified APR

Modified APR is a recalculation of the effective rate on the loan that takes into account additional fees that are amortized.

Loan fees to include in modified APR

This shows the amount entered into the Loan fees to include in modified APR field on the initial Loan Request screen. This amount is included in the calculation for Modified APR (see above).

Amount requested

The total amount requested by the member.

Total amount financed

The amount used to calculate the payment, including any insurance premiums.

Total finance charges

The total amount of interest charged over the life of the loan.

Total CDI premiums

Total Credit Disability Insurance premiums included in the loan.

If a this coverage is selected, click the lookup button to access a view only screen to learn more details about it.

Total SCL premiums
Total SDP fees

Total Single Credit Life insurance premiums included in the loan.

If your credit union offers debt protection, this would show the total fee for single debt protection coverage.

If a this coverage is selected, click the lookup button to access a view only screen to learn more details about it.

Total JCL premiums
Total JDP fees

Total Joint Credit Life insurance premiums included in the loan.

If your credit union offers debt protection, this would show the total fee for joint debt protection coverage.

If a this coverage is selected, click the lookup button to access a view only screen to learn more details about it.

Total amount in payments

This grand total shows the entire amount to be paid over the length of the loan, including principal, interest, and insurance premiums.

Dealer/Indirect ID

The dealer name from the Dealer/Indirect ID entered on the loan request screen, if any.

After the lender submits a loan request, click to access the Counter Offer Exchange to place a counter offer decision on the loan.  After the lender submits a loan request to your credit union, you have the option to send a comment to the dealer by clicking this button to access the Counteroffer Exchange.  (NOTE: There is no UW code required to initiate comments.

Refer to the Indirect Lending: Ready to Look booklet for more information.

Other misc coverages

This is a total of the miscellaneous coverage added to this loan.

If a miscellaneous coverage is selected, click the lookup button to access a view only screen to learn more details about it.

Underwriting Codes

These fields are used to flag this loan as either Approved or Denied using the configured Underwriting Codes. This is used as an intermediate step before actually approving and creating the loan, or denying the loan and creating a Denial Notice form.

Enter the appropriate Underwriting Code, and an authorized Employee ID and password. Click the lookup button to see a list of your credit union's configured codes.

  • HINT: If you see the notation “Control On,” your credit union has activated the Underwriting Control feature which requires that a loan be flagged with a specific Underwriting Code before it can be created or denied.

  • If your credit union uses underwriter approval limits, you may be restricted from approving loans over a certain amount.  

Deal filter run

If this loan product is configured to run loan deal filters, this checkbox will appear to indicate whether the filters have been run yet or not. 

Remember that deal filters are run automatically whenever someone accesses the Summary page of the loan application. If they have not been run, use the Complete Loan App (or External Loan App) button then click the Summary button to run the deal filters and see the results.

Deal filter status

If deal filters have been run for this loan request, this will show the results (Fail, Pass, or Review).




Edit Loan (F2)

Use this to return to the Loan Request screen to make any changes to the loan request details.

  • NOTE: If your credit union uses the Underwriting Control feature, you may not be able to use this without first clearing all three fields in the “Underwriting Codes” box. Depending on how the codes were set up, this may also cause an audit record to be written.

UW Comments (F5)

Use this to enter or view any Underwriting Comments recorded for this member.

Checklist (F6)

Use this to display a check list of tasks to be completed on this loan application. This is configured by your credit union and will vary depending on the loan category.

Save/Done (F10)

Use this to exit the loan request and return to your starting point (usually the Action Codes window, or the initial loan application processing screen). Changes made to the Underwriting Code fields on this screen will be saved.

Override (F13)

Use this to override any individual item on the loan request. This should only be used in cases where this loan will behave differently from all other loans of the same category. Changes that are made on the Override screen have an asterisk next to them on the Loan Recap screen. The title of the Loan Recap screen will also read Override Performed.

  • NOTE: If your credit union uses the Underwriting Control feature, you may not be able to use this without first clearing all three fields in the “Underwriting Codes” box. Depending on how the codes were set up, this may also cause an audit record to be written.

View/Print Amort (F14)

This will display the complete amortization schedule, which can be printed if requested by the member.

Loan Options



Complete Loan Appl

Use this to work on the application information for this loan request, including income, assets, debts, etc. If an application has not yet been created, the Select Co-Signers screen will appear. If you are working an existing application, the first page of the application will appear instead.

Create Loan Account

Use this to approve the loan request and create a loan account.

If your credit union uses the application screens to process loan applications, this option should be used only after the application has been completed and approved. (To create a loan application, use Complete Loan Application feature on this screen.)

OTB Approval/Denial

This will let you approve a loan application without actually making a loan account. If the loan request was made specifically as a credit card application, not a standard loan, use this feature to mark the request as denied or approved.

  • This feature is used only by credit unions which issue credit cards and track them using the “Plastics/OTB” processing feature. Typically, a special loan category is configured for this purpose.

Deny Loan

Use this to deny the loan and generate a denial notice form.

  • NOTE: If a this option is used to deny a non-member loan request (and the person later becomes a member) the application cannot then be re-printed (for the standard 90 days).

Additional Video Resources

Check out these additional video resources!

Creating a Loan Account and Disbursing Funds

Creating a Loan Account

Denying a Loan Request

Editing a Loan Request

Loan Request with Insurance

Simple Loan Request

Special Loan Request Features

View more lending videos.

Visit the CU*BASE video library.




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