Oracle Loans User Guide

[Pages:110]Oracle? Loans

User Guide Release 12

Part No. B25869-03

October 2007

Oracle Loans User Guide, Release 12

Part No. B25869-03

Copyright ? 2005, 2007, Oracle. All rights reserved.

Primary Author: Melanie Heisler, Kristin Penaskovic, Shivranjini Krishnamurthy

Contributing Author: Karthik Ramachandran, Raj Verma

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Contents

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Preface

1 Setting Up Oracle Loans

Setting Up Oracle Loans............................................................................................................ 1-2 Oracle HRMS Setup.................................................................................................................. 1-2 Oracle System Administrator Setup......................................................................................... 1-2 Oracle Resource Manager Setup............................................................................................... 1-4 Oracle General Ledger Setup.................................................................................................... 1-4 Oracle Receivables Setup.......................................................................................................... 1-5 Oracle Payables Setup............................................................................................................... 1-6 Oracle Workflow Setup............................................................................................................. 1-6 Oracle Loans Setup.................................................................................................................... 1-7 Setting Up Rates........................................................................................................................ 1-7 Defining Loan Conditions........................................................................................................ 1-8 Enabling Notifications.............................................................................................................. 1-8 Setting Up Loan Types.............................................................................................................. 1-9 Setting Up System Options..................................................................................................... 1-10 Setting Up Accounting............................................................................................................ 1-12 Validation for Loan Accounting............................................................................................. 1-13 Accounting Derivation Rules.................................................................................................. 1-14 Accounting Events................................................................................................................... 1-14 Defining Loan Fees................................................................................................................. 1-16 Setting Up Loan Products........................................................................................................ 1-17 Defining Oracle Loans Lookups............................................................................................. 1-19

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2 Creating A Loan

Using Oracle Loans................................................................................................................... 2-2 Using the Loans Dashboard...................................................................................................... 2-4 Creating a Loan.......................................................................................................................... 2-5 Updating a Loan...................................................................................................................... 2-10 Loan Overview........................................................................................................................ 2-11 General.................................................................................................................................... 2-11 Rates......................................................................................................................................... 2-12 Fees.......................................................................................................................................... 2-14 Conditions............................................................................................................................... 2-16 Amortization............................................................................................................................ 2-16 Notes........................................................................................................................................ 2-18 Related Loans.......................................................................................................................... 2-18 Viewing Borrowers.................................................................................................................. 2-18 Creating a New Organization................................................................................................. 2-19 Adding Borrowers and Guarantors.........................................................................................2-20 Creating Assets........................................................................................................................ 2-20 Adding Collateral.................................................................................................................... 2-21 Disbursing a Loan................................................................................................................... 2-22

Creating a Disbursement Schedule.................................................................................... 2-22 Adding a Payee.................................................................................................................. 2-23 Credit Review.......................................................................................................................... 2-24 Approving a Loan.................................................................................................................... 2-25 Viewing Accounting Events.................................................................................................... 2-26 Using Notifications................................................................................................................. 2-27

3 Funding A Loan

Overview of Loan Funding....................................................................................................... 3-1

4 Loan Servicing

Overview of Servicing Loans.................................................................................................... 4-1 Servicing Center........................................................................................................................ 4-2 Loan Overview.......................................................................................................................... 4-3 Loan History.............................................................................................................................. 4-5 Using Reports............................................................................................................................ 4-5 Updating Loan Status................................................................................................................ 4-6 Running Scoring to Update Loan Status.................................................................................. 4-8 Payments.................................................................................................................................... 4-9 Accounting for Loan Payments............................................................................................... 4-10

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Processing Loan Payoffs.......................................................................................................... 4-10 Viewing Current Amortization and Payment History........................................................... 4-12 Memo Fees Due Before First Loan Payment........................................................................... 4-13 Amortization Schedule............................................................................................................ 4-13 Outstanding Bills.................................................................................................................... 4-14 Creating Manual Bills............................................................................................................. 4-14 Creating Credits....................................................................................................................... 4-15 Credit and Rebill..................................................................................................................... 4-16

5 Billing A Loan

Overview of Loan Billing.......................................................................................................... 5-1 Integration with Oracle Receivables.........................................................................................5-2 LNS: Billing Program................................................................................................................ 5-2 Submitting the LNS: Billing Program...................................................................................... 5-3 Submitting the LNS: Reverse Last Bill Program...................................................................... 5-5

6 Budgetary Control

Setting up Budgetary Control................................................................................................... 6-1 Setting Up Loan Types: Approval Depends on Funds Availability........................................ 6-3 Setting up Loan Products: Subsidy Rate...................................................................................6-3

A Oracle Loans Profile Options and Profile Option Categories

Profile Options and Profile Option Categories Overview...................................................... A-1 Profile Option Category and Profile Options Descriptions.................................................... A-1

Profile Options Owned by Oracle Loans............................................................................. A-2 Profile Options Not Owned by Oracle Loans...................................................................... A-3

B Oracle Loans Concurrent Programs

LNS: Billing............................................................................................................................... B-1 LNS: Fee Assessment................................................................................................................ B-2 LNS: Generate Distributions.................................................................................................... B-3 LNS: Receipts Application Engine........................................................................................... B-3 LNS: Refresh Materialized Views............................................................................................ B-3 LNS: Reverse Last Bill............................................................................................................... B-3

C Oracle Loans Reports

LNS: Loan Agreement Report...................................................................................................C-1 LNS: Loans Portfolio Report.....................................................................................................C-1 LNS: Loans Reconciliation Report........................................................................................... C-2

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Index

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Send Us Your Comments

Oracle Loans User Guide, Release 12 Part No. B25869-03

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