Loan Overview - Status Automation Rules

The Loan Overview status is automatically updated based on the combined statuses of several key steps in your loan process, called Progress Items. These Progress Items—such as Product & Pricing, Automated Underwriting, Disclosures, Fraud, and Compliance—work together to determine the overall status you see in your Loan Overview.

How Statuses Work

Each Progress Item can have one of these statuses:

• Not Started
• In Progress
• Needs Review
• Needs Order
• Completed

The Loan Overview status is controlled by the statuses of all Progress Items. Here’s how it works:

• Not Started: All Progress Items are either “Not Started” or “Not Applicable.”
• In Progress: At least one Progress Item is “In Progress,” and none are “Needs Review” or “Needs Order.”
• Needs Order: At least one Progress Item is “Needs Order.”
• Needs Review: At least one Progress Item is “Needs Review,” and none are “Needs Order.”
• Completed: All Progress Items are either “Completed” or “Not Applicable.”

Helpful Tips

• The Loan Overview status updates automatically as you and your team work through each Progress Item.
• If you see a status like “Needs Review” or “Needs Order” in the Loan Overview, check the related Progress Items for more details.