Application to Origination

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Trigger

• Party is active
• Onboarding has been approved

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State flow

1. Create loan application
2. Capture amount, term, and purpose
3. Submit application for decision
4. Evaluate risk and underwriting inputs
5. Approve or decline
6. Create loan contract for approved applications
7. Move loan from pending funding to current

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What changes in data

• loan_application tracks intent and decision lifecycle
• Risk outputs (tier and score) influence decision and terms
• loan links party, application, and product configuration
• loan_product enforces amount/term/collateral constraints

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API families to call next

• Application endpoints in Application API
• Loan and funding operations in Servicing API