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.
Required Editions
| Available in: Lightning Experience |
| Available in: Professional, Enterprise, and Unlimited Editions |
| User Permissions Needed | |
|---|---|
| To activate picklist values: | Customize Application AND Financial Services Cloud Standard OR Financial Services Cloud Extension OR FSC Sales OR FSC Service OR FSC Sales and Service |
- In Setup, go to Object Manager.
- From the Object Management settings for each object and field that’s listed in this topic, click Fields & Relationships.
-
Make sure that each field contains the picklist values
as
shown in this table.
Note You can configure the picklist values for these fields based on your business needs. However, using the values as recommended in this table ensures a smooth experience with the Digital Lending—India sample application. If you use different values, you must adjust the default sample application accordingly.Object Field Picklist Values Application Form Stage Initiated, Intake, In Progress, Submitted, In Review, Detailed Data Entry, Underwriting, Approved, Operations, Book to Core, Rejected, On Hold Applicant Stage In Review, Evaluation, Document Validation, Risk Assessment, Approved, On Hold, Rejected Role Primary Applicant, Co-Applicant, Co-Signer, Guarantor Party Profile Stage Initiated, Identity Verification, Risk Screening, Document Validation, Risk Assessment, Approval, Approved, Rejected, On Hold Primary Identification Type Driving License, Government ID, Aadhaar, Passport, Birth Certificate Taxpayer Identification Type Taxpayer Identification Number, SSN Resident Type Citizen, NRI, Non-citizen Party Income Income Type Salary, Commission, Fees, Rent Income Frequency One Time, Yearly, Monthly, Weekly Party Identity Verification Status Initiated, In Progress, Completed Result Accepted, On Hold, Rejected Party Screening Summary Status Initiated, In Progress, Completed Screening Decision Accepted, Clear, On Hold, Rejected Person Employment Employment Type Full-Time, Part-Time, Temporary, Contract, Self-Employed, Salaried Application Form Product Loan Type Home Loan, Auto Loan Two Wheeler, Auto Loan Four Wheeler, Personal Loan Product2 Product Family Home Loan, Auto Loan Two Wheeler, Auto Loan Four Wheeler, Personal Loan Application Form Evaluation Decision Approved, On Hold, Rejected, Submitted for Approval Application Form Product Proposal Selected By Lender, Applicant, Applicant, and Lender Document Checklist Item Status New, Pending, OCR Done, Accepted, Rejected Payment Mandate Mandate Type Electronic, Offline Account Type Savings, Checkings Authorization Type Payment, Disbursement Assessment Assessment Type Home Loan, Auto Loan Two Wheeler, Auto Loan Four Wheeler, Personal Application Form Seller Item Type New Home, Resale Home, Used Car, New Car Application Form Product Proposal Type Pre-qualification, Final Party Profile Risk Type Initial, Final NoteMake sure that the picklist values for Employment Type in Person Employment and Party Profile are the same.
Make sure that the picklist values for Employment Industry in Person Employment and Party Profile are the same.
Make sure that the picklist values for Loan Type in Application Form Product, Assessment Type in Assessment, and Product Family in Product2 are the same.
- Save your changes.
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