Complete the Prerequisites for Loan Origination Process
Complete the preliminary tasks for setting up Digital Lending—India so that your users can efficiently start with the loan origination process.
Required Editions
| Available in: Lightning Experience |
| Available in: Professional, Enterprise, and Unlimited Editions |
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Install or upgrade the Omnistudio package in your
Salesforce
org.
Digital Lending—India uses Omnistudio components, such a Flexcards, Omniscripts, Omnistudio Data Mapper, and Integration Procedures throughout the loan origination process. Make sure that an Omnistudio managed package is installed in your Salesforce org to configure the Omnistudio components.
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Configure the Omnistudio settings.
Enable the Omnistudio Metadata API support setting and disable the managed package runtime setting in Salesforce. See Enable OmniStudio Metadata API Support and Disable the Managed Package Runtime Setting.
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Assign Omnistudio permissions to users.
Configure users who must have access to the Omnistudio components associated with the loan origination process.
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Enable Know Your Customer.
Give your users access to the Know Your Customer (KYC) data model so that they can easily perform the identity verification, risk assessment, and screening checks of the loan applicants. Use the KYC data model to store the information collected from an applicant during a KYC process. To verify the identity of the loan applicants or to perform various screening checks for the applicants, use the data from the Identity and Verification service providers.
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Turn on Discovery Framework.
Give your users access to the Discovery Framework data model so that they can effectively collect and validate a loan applicant’s details. See Discovery Framework and Assessments
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Assign permissions to users.
Throughout the loan origination process, your users need access to the objects in the Digital Lending data model.
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Enable Digital
Lending—India.
Grant your users access to the essential resources required throughout the loan origination process. These resources include the data model and prebuilt templates tailored for Digital Lending—India.
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Deploy the Discovery Framework sample template for Digital Lending—India.
Deploy the prebuilt templates for Digital Lending—India that add sample Omniscripts, Integration Procedures, Omnistudio Data Mappers, and assessment questions to your Salesforce instance.
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Enable person accounts.
Person accounts store information about individual loan applicants by combining certain account and contact fields into one record.
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Set your
organization-wide currency.
Set the default currency for your organization.
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Assign your users the permission sets for the Business
Rules Engine.
These permission sets give your users the required access to run the expression sets and decision matrices that are associated with the loan origination process.
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Turn on Stage Management in your Salesforce
instance.
Use Stage Management to ensure a smooth and efficient loan origination process. There are multiple Salesforce objects involved in the loan origination business workflow. With Stage Management, you can define stages and the stage transition criteria that must be met for the business process to move from one stage to the other. You can also define the transition plans to be performed when the process transitions to this stage.
- To automate the process of creating an application form from a lead, clone and activate the flow with the label Digital Lending India - Create Application Form from Lead. This flow initiates the loan origination process with the lead as the starting point, facilitating the onboarding of loan applicants. See Flows to Automate Workflows in Digital Lending—India.
- Assign Digital Lending—India Permissions to Users
Give your users access to the Digital Lending data model by cloning the Digital Lending permission set. - Enable Digital Lending—India
Grant your users access to the essential resources required throughout the loan origination process. These resources include the data model and prebuilt templates tailored for Digital Lending—India. - Deploy Discovery Framework Sample Template for Digital Lending—India
Deploy the prebuilt templates for Digital Lending—India that add sample Omniscripts, Integration Procedures, Omnistudio Data Mappers, and assessment questions to your Salesforce instance. - Set Organization-Wide Currency for Digital Lending—India
Set the default locale and currency locale for your organization. Multi-currency organizations don’t have a default currency. Instead, change your corporate currency or your personal currency. - Flows to Automate Workflows in Digital Lending—India
When you enable Digital Lending—India, you get access to certain prebuilt flows that you can configure to automate the workflows in a loan origination process. Activate the record-triggered flows before you use them. - Add Picklist Values for Loan Origination
Configure the required picklist values so that your users can collect and store the related data of loan application accurately.
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