Origination Application Stages
Workflow diagram of the application stages for origination within Nimo as well as a text descrition below.
| Stage | Description |
| Enquiry | This is the stage when a Nimo form is being populated and is yet to be completed, as defined by the submit button being pressed on the last page of a form. |
| Delete (Enquiry & Application) | An application can only be deleted while in Enquiry or Application stages. This will remove applications from the In Progress tab and display in the Deleted tab. Deleted applications can be either restored or permanently deleted from the Deleted tab. |
| Application | This stage ensures all required data to define the application as being complete has been collected. Any information that is required at this stage is represented by circles with a number appearing at the top of the relevant tab requiring information.
Manual override to Application from Enquiry may be executed from The Application Menu- Overview tab – Timeline section, by selecting the Change Status button. |
| Decline (Application) | The application can be declined in the Application stage either manually or when automated rules have been configured and activated.
Declined will remove the application from the Menu list of applications and are visible from the Declined Applications tab only in the Application menu tabs. Declined Applications can be manually reinstated to Assessment via the Assessment Menu- Declined Tab – Select application – Overview tab – Timeline section, by selecting the Change Status button. |
| Withdrawal | The application can be withdrawn at the request of the Applicant in all stages up to Settled. |
| Assessment | This stage will apply the Assessment Pipeline rules against the application data and provide an outcome of either Approved, Recommended for Approval (under DCA), Declined or Withdrawal. |
| Decline (Assessment) | The application can be declined in the Assessment stage manually.
Declined will remove the application from the Menu list of applications and are visible from the Declined Applications tab in both the Assessment and Application menu tabs. |
| Conditionally Approved | This stage will create conditions that need to be provided (in the Application Menu before approval or decline). |
| Recommended for Approval | This stage enables a user with a lower DCA than the application requires to recommend that an application for approval when all Assessment tabs are Accept. |
| Approved | This stage indicates an unconditional approval and enables a user with a higher DCA than the application requires to Approve an application when all Assessment tabs are Accept.
This stage will not be active when there are outstanding requirements (identified as circles with numbers) in the Application layer as additional information may still be required prior to Approval. In this stage and once approved, the Send to Documents button becomes active in the Assessment – Contract tab. Once this has been executed, the application will follow 1 of 2 workflows: Solicitor – Data sent to Solicitor and require the submit to settlement button to be pressed in Assessment Menu – Overview tab within the same application. For Solicitor, a ‘Submit to Settlement’ button will appear in the Assessment Overview tab to proceed to the next stage. NimoSign – Data sent to Product Contract template and creation of the Loan Contract within Nimo in the Customer Portal or Application menu – Select loan – Contract tab. This may also require the creation of a Direct Debit to progress to the next stage. For NimoSign, the staff member is required to select ‘Submit to Settlement’ to proceed to the next stage, noting this process may also be automated. |
| Settlement | This stage indicates that either an Approved application is with either a solicitor and depending on the solicitor service is either awaiting the manual pressing of the Settled button or waiting for an automated response depending on the Solicitor Service. When NimoSign is used, the loan disbursement process is required before the Settled button becomes available to press. |
| Complete | This status finalises the process. And if Nimo Core Banking is used it passes the Loan to Servicing Menu. |