You can record credit decisions on the Credit Decisions page. This page is purely for your reference. It does not flow through to other parts of Ventures. Entering information here can save you from having to dig through a credit memo to find what decisions were made and when said decisions were made.

 

• Click on Credit Decisions in the overview menu of the loan

 

The Credit Decisions page will appear. You will see any previously entered credit decisions listed in the table. 

 

• Click Add. A pop up will appear

 

 

• In the Credit Decision Type field, select whether this decision was made during the Primary Application, or is part of a Post-Origination Change
• In the Credit Decision field, select whether the decision was Approved, Denied, Withdrawn by the Applicant or, you can mark that it was Incomplete,
• Enter the date the decision was made in the Credit Decision Date field.
• Whether you fill in the Amount Applied For field depends on your selection in the Amount Applicable field. In the Amount Applicable field, select whether the decision is Applicable and Reported, Applicable but Not Reported or Undetermined, or if it is Not Applicable. Use the below criteria to determine what to select in the Amount Applicable field and whether to fill in the Amount Applied For field.

 

 

• If a range of credit was applied for, check the Range of Amounts checkbox. The Amount Applied for field will change to two fields, one for you to enter the minimum amount of the range applied for, the other for you to enter the maximum amount of credit applied for.

 

 

• Once you finish filling out the information regarding the decision, move on to the Primary Credit Decision Reasons section of the pop up. You can select as many of the reasons as you would like.
• Use the comment section to include any comments you would like to make regarding the Credit Decision. 
• Once you have filled in the pop-up review everything you have entered and click save. 

 

 

 

The pop-up will disappear, and you will see the decision you have just entered appear in the table on the Credit Decisions page. 

 

To edit a decision on the table:

 

• Click on the hyperlinked decision in the Credit Decision column.

 

 

• A pop-up will appear. This is the same pop-up you see when entering a credit decision.
• Make your edits, review what you have entered and click save.

 

 

To delete a credit decision that was previously entered on the credit decision page:

 

• Click the X icon next to the decision you want to delete.

 

 

• A confirmation message will appear. Confirm that you want to delete the credit decision by clicking the Delete button.

 

 

• The pop-up will disappear, and the decision will be deleted. You should not see it listed in the credit decision table.