Pre-validation
Pre-validation is a crucial step before running the Automated Underwriting System (AUS) for the first time on a specific loan in the AUS Sandbox. This feature checks that all mandatory fields required for the AUS to function correctly are not empty and have appropriate values.
These mandatory fields could include details like borrower information, loan amount, property details, and more. If these fields are left empty or contain invalid values, the AUS may not be able to accurately assess the loan's risk or eligibility, leading to incorrect outcomes.
If pre-validation fails, a pop-up will be displayed indicating the missing or incorrectly filled fields. Users can then view and rectify these fields before initiating the AUS. This process ensures the accuracy and reliability of the AUS output by validating the input data's correctness and completeness.
- Press the "First run" button on the pipeline page. If pre-validation is unsuccessful, a popup message will appear.
- The pre-validation slider can be accessed by users through clicking the 'view' button.
The slider, which is part of the pre-validation feature in the AUS Sandbox application, is displayed when there are missing fields that need to be filled in before the Automated Underwriting System (AUS) can be run. This slider provides a concise and organized view of the fields that are missing information, thus requiring user attention.
This includes:
- Total number of missing fields: This gives a quick overview of how many fields are yet to be filled. This helps the user understand the extent of information that needs to be provided before the AUS can be initiated.
- Borrower name: If the borrower's name is missing, it will be noted here. This is crucial as each loan is associated with a borrower, and missing this information can lead to inaccuracies in the underwriting process.
- Loan number: The specific number associated with the loan in question. If this is missing, it will be highlighted, as it is crucial for tracking and managing the loan.
- Loan amount: The total amount of the loan that the borrower is applying for. This is a key piece of information that influences the underwriting process significantly.
The slider is designed to help users easily identify and navigate to the fields that need to be filled, thereby ensuring the accuracy and completeness of the data before the AUS is run.
- Once users have filled all the necessary fields and clicked Save, the initial run is completed and the Loan Origination System (LOS) is updated. However, this action is not recognized as the first submission within the AUS Sandbox and will not appear in the previous submission tab.
- Once the "First Run" is successfully completed, the button will switch to a "Run" button in the pipeline. The user will then be redirected to the submit scenario section, accompanied by a success notification for the initial run.
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