The Loan Rules Page

The Loan Products Section contains all the information needed to create and manage your loan rules (ie rules that govern Loan Products).

This section displays the various Loan Rules created and available on your Originate Account alongside their status (Active, Draft and Disabled). It also displays the Loan Products the rules are assigned to.

An Admin (or user with sufficient permissions) will be able to perform the following actions within this section:

Create Loan Rules
Update Loan Rule status
Edit Loan Rules
Delete Loan Rules
Search through created Loan Rules

Creating Loan Rules

This feature allows you to create custom conditions for Loan Applications to either be approved or/and moved to under review for manual intervention.

The rules that can be set can be broken down into the following:

Age of Applicants: Applicable age for those
State of Residency: Applicable states that applicants can apply from
Employment Status: The employment status of the applicant
Work Email Verification Status: Whether or not the merchant wants to opt-in to work email verification as part of their application process
Debt-to-Income Ratio: This is a measure of the applicant’s income that goes towards repaying debts. It is factored using the info provided during the application process.
Net Income: This is the monthly income of the loan applicant. It is extracted based on the info provided by the applicant
Bank Statement Debt-to-Income Ratio: This is a measure of the applicant’s income that goes towards repaying debts. It is factored using the info extracted from the applicant’s bank statement.
Bank Statement Net Income: This is the monthly income of the loan applicant. It is extracted based on info extracted from the bank statements.