📝 Applications

What it is

Through an application, an originator can request the issuer to underwrite a loan.
For a successful request, it is necessary to inform, in addition to the loan conditions, the entities previously registered as businesses and persons.

Loan Preview 🧮

With the Application Preview the originator be able to simulate the conditions of a loan before moving on with an application. Make sure the originators always share the simulation with the borrower before moving on with the application.

Signing ✍️

After an application is created, a loan agreement file will be generated. This document must be signed by the borrower (and other related entities depending on the product) before it has any validity.
The originator must show this archive to the loan-related individuals and collect their e-signature parameters (as described at the Signature Endpoint).

Approving ✅

The application approval is done by the issuer and may vary according to the product decision rules.

Status 🚥

AGREEMENT_RENDERING After an application is created, we render the loan agreement and because rendering takes some time we created a transitory status for that.
PENDING_SIGNATURE When rendering is concluded you will be ready to collect signatures from the application signers.
ISSUED It means that the application signing process was concluded.
CANCELED Someone for some reason canceled the application.