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• In the Credit Decision field, select whether the decision was Approved, Denied, Withdrawn by the Applicant or, you can mark that it was Incomplete.
• Use the Decision Maker field to include who made the Credit Decision. If you type in the name of the person who made the decision, and they do not appear, check their Virtual Card in the contacts section of Ventures. The person will need to have at least one of the following roles assigned to them: Board Member, Credit Analyst, Credit Manager, Loan Officer, Loan Processor, Senior Manager or Servicing Manager. User Accounts with at least one of the following Job Roles will also be selectable: Loan Officer, Credit Analyst and Loan Processor.
• 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. 

 

You can add additional Decision Makers and make edits to your decision:

 

• 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.
• You can make edits to the information in the pop up as needed.
• To add additional decision makers, click Add.

 

 

 

• A popup will appear. In the popup search for the decision maker you would like to add. If you type in the name of the person who made the decision, and they do not appear, check their Virtual Card in the contacts section of Ventures. The person will need to have at least one of the following roles assigned to them: Board Member, Credit Analyst, Credit Manager, Loan Officer, Loan Processor, Senior Manager or Servicing Manager. User Accounts with at least one of the following Job Roles will also be selectable: Loan Officer, Credit Analyst and Loan Processor.
• Click save.
• You will return to the edit decision pop up. You should see the person you selected in the additional decision maker table at the bottom of the popup.
• 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.