Fintech & Finance Operations// topic
Lending: application, decision and the loan book after it
In short
The full credit lifecycle as software — pulling borrower data out of documents, computing the ratios, clearing underwriting conditions by rule, and then servicing, arrears and recovery once the loan is live.
4 pages
definitions
- Decline reason codes: what to record at the moment of the decisionA reason recomputed from today's data is not the reason the applicant received. Bureau values, balances and documents move, so the reason belongs in the same transaction as the decision.definition6 min
- First-payment default is an origination defect, not a collections eventA borrower who never makes payment one is rarely a credit decision that aged badly. The instrument was never lodged, the date was wrong, the payment went unattributed, or the income was never there.definition6 min
- The loan tape: whether your book is legible to anyone elseA loan tape is one row per loan, assembled to a counterparty's template. It is cheap to produce only if your servicing model stores state transitions rather than current status.definition6 min
- Underwriting conditions: the record shape that lets a rule clear oneA condition is a record, not a note. Evidence type, acceptable source, a checkable satisfaction rule, an owner and a stage gate separate a condition software can close from one only a person can.definition6 min
Other topics in Fintech & Finance Operations
See allInvoice to pay: capture, matching and approvalsEverything between an invoice arriving and money leaving: how documents get captured, how lines get matched to a PO or contract, which checks run before approval, and what an exceptions-first queue looks like when only the genuinely odd invoices reach a human.9 pagesGetting paid: receivables, cash application and dunningThe other direction of the invoice — how remittances get matched to open invoices, how collections outreach gets sequenced without wrecking the customer relationship, and where credit limits, disputes and short payments get decided.5 pages
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