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Create Data Use Purposes for Loan Products

Create Data Use Purposes for Loan Products

Define the purpose for collecting an applicant’s data in a loan application. Create data use purpose records to make sure that the applicant’s data is used transparently throughout the loan origination process.

Required Editions

Available in: Lightning Experience
Available in: Professional, Enterprise, and Unlimited Editions
  1. From the App Launcher, find and select Data Use Purposes.
  2. Click New, and enter the data use purpose details.
    1. Enter a name for the data use purpose record for the home loan product.
      For example, Consent for Information Verification for Home Loan.
    2. Save your changes.
  3. Similarly, create a data use purpose record for the other loan products that you offer to your applicants.
    For example, if you offer a personal loan, auto loan two wheeler, and auto loan four wheeler, then create a data use purpose record for each loan products.

If you’re creating multiple data use purpose records, make sure that the name of each data use purpose record is unique.

 
Ladataan
Salesforce Help | Article