Using Financial Services Loan Operations

  • Release version: Washingtondc
  • Updated February 1, 2024
  • 2 minutes to read
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    Summary of Using Financial Services Loan Operations

    The Financial Services Loan Operations application facilitates the management of loan service requests and system-generated exceptions. It enables requesters, contributors, and agents to efficiently initiate, research, and resolve loan-related tasks using a personalized workspace.

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    Key Features

    • Personalized Workspace: Users can monitor workload, focus on high-priority items, and navigate tasks seamlessly.
    • User Roles:
      • Requester: Submits service requests.
      • Loan Contributor: Manages service requests and document collection.
      • Loan Agent: Handles loan tasks and cases.
      • Loan Agent Connector: Similar to loan agent, with additional submission capabilities.
      • Credit Agent: Works on credit-related tasks.
      • Document Agent: Manages document tasks.
      • Loan Admin: Configures the workspace per business needs.
    • Workflows: Predefined workflows streamline process management, automatically routing tasks to appropriate teams upon case creation.
    • Case Playbook: Provides a visual representation of the case workflow, from logging to resolution, enhancing task management.
    • Dashboards: Performance analytics dashboards offer insights into team and business performance for loan operations.

    Key Outcomes

    By utilizing the Financial Services Loan Operations application, users can expect improved efficiency in managing loan service requests, accurate tracking of document requirements, and enhanced collaboration among team members. The automated workflows and dashboards provide transparency and data-driven insights, ultimately leading to better decision-making and customer service.

    Learn how requesters, contributors, and agents use the Financial Services Loan Operations application to initiate, research, and resolve the loan service requests and system-generated exceptions.

    Workspace

    Requesters, contributors, and back-office agents use personalized workspace to work on all aspects of loan cases. Workspace can help you with the following tasks:
    • Monitor workload and performance
    • Focus on high-priority items
    • Easily navigate across tasks
    For more information, see Workspaces.
    Table 1. Workspace users for Loan Operations
    User Description
    Requester Submits service requests from interaction records and customer records.
    Loan contributor Submits service requests, collects inbound documents, and checks the status of cases for accounts managed by them till the Initiate and Review stage.
    Loan agent Works on loan cases and loan tasks.
    Loan agent connector Submits service requests and works on loan cases and loan tasks to fulfil loan requests for accounts managed by them.
    Credit agent Works on credit cases and credit tasks for loan service requests.
    Document agent Works on document tasks for loan service requests.
    Loan admin Configures the loan workspace as per business requirements.

    For more information, see Configure CSM Configurable Workspace.

    Workflows

    Several predefined workflows for business and personal loans are available with the application.

    When a customer requests a loan service, a loan service case is created and assigned to a loan agent. After the agent updates the case details, a workflow is triggered. The flow triggers various tasks from the case and the assignment rules route these tasks to the appropriate back-office teams such as loan, credit, or document service. A new task is automatically created when an agent closes the previous task.

    For more information, see Loan Operations workflows.

    Case playbook

    Using the case playbook, loan contributor and loan agents can visualize and interact with the case workflow. The playbook provides end-to-end life cycle for the tasks performed during the case handling process, from the time a case is logged to the final resolution and communication to the customer. The playbook is available for the following loan workflows:
    • Loan Forgiveness for Financial Services Business Loan Operations
    • Loan Deferment for Financial Services Personal Loan Operations

    Dashboards

    Performance Analytics give business owners an insight into how the team and business are performing. Dashboards with customizable views are available for business and personal loan operations with the application.

    For more information, see Financial Services Personal Loan Operations dashboard and Financial Services Business Loan Operations dashboard.