FINS BIAN Merchandising Loan Process API

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Examples of Use

Example of use:A boat retailer coordinates with a bank to offer merchandising loans to bank customers wanting to buy a boat

Role Definition

The service domain handles loan fulfillment intended for the purchase of a larger merchandise item such as a car or boat. The item is usually administered as collateral for the loan and the origination and subsequent processing of the loan can include coordination with the merchant for some elements of fulfillment.

Related Business Scenarios

EXT DISBURSE MERCHANDISING LOAN

EXT HANDLE MERCHANDISING LOAN APPLICATION

PERFORM UNDERWRITING FOR MERCHANDISING LOAN

EXT HANDLE REQUEST FOR MODIFICATION OF MERCHANDISING LOAN

PROCESS MODIFICATION OF MERCHANDISING LOAN

EXT PROCESS CLOSING OF MERCHANDISING LOAN

Key Features

  • Facility maintenance – fees, interest, reporting
  • Payments and withdrawals, liens and sweeps
  • Collateral tracking and oversight

Customers can use this integration template to accelerate implementation.


Reviews

TypeREST API
OrganizationMulesoft Inc.
Published by
MuleSoft Solutions
Published onNov 10, 2023
Asset overview

Asset versions for 11.0.x

Asset versions
VersionActions
11.0.0