Adding Loan Statuses

You can increase the granularity of loan statuses on the Loan Status setup page.

This functionality lets you create extra statuses to use throughout the application that are still tied to the standard types of loans.

Select Setup > Assumptions from the menu.
The Loan Applications page opens.
Select Setup Assumptions > Loan Status.
The Loan Status page opens.
Select Add to insert a new row in the grid.
Enter a name for the new Status.
Select the standard Type of loan that this status belongs to.
- Booked/Active
- Booked/Inactive
- Pricing
- Requires Review
- Requires Approval
- Lost
Select the Available check box if this status must be available for use in pricing and on the Status & Interest Options tab of the loan forms.
Select Save.
Statuses are listed in alphabetical order.

For example, you can create the following statuses and assign them all to the Requires Approval type:

These additional statuses provide additional tracking for loans through the approval process.

You can change the name of a Status or its Type at any time. You can clear the Available check box for any statuses that are no longer used.