Loan Application Prioritization Template

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Ensure timely and efficient processing of loan applications with this Loan Application Prioritization template. Utilize the Priority Matrix to classify loan applications based on their urgency and importance, ensuring that critical and urgent applications are handled first.

This template guides you through the process of reviewing, prioritizing, and processing loan applications, while also offering steps for continuous improvement and team training. Streamline your mortgage processing workflow and enhance customer satisfaction with this comprehensive project plan.

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Loan Application Prioritization for Priority Matrix

Loan Application Prioritization in Priority Matrix

Prioritize loan applications efficiently to ensure timely processing and customer satisfaction.

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Proposed Tasks

High Importance, High Urgency

  • Task 1 due in 1 day: Review Loan Applications
    ☐ Subtask1: Identify the number and types of loan applications received. ☐ Subtask2: Sort them based on the type of loan, amount, and applicant's credit score.
  • Task 2 due in 2 days: Prioritize Applications
    ☐ Subtask1: Prioritize applications based on their importance and urgency. ☐ Subtask2: Use the Priority Matrix to visualize this prioritization.

High Importance, Low Urgency

  • Task 3 due in 5 days: Set Processing Timeline
    ☐ Subtask1: Develop a timeline for processing each application based on its priority. ☐ Subtask2: Assign tasks to the processing team.
  • Task 4 due in 1 week: Monitor Progress
    ☐ Subtask1: Regularly monitor the progress of loan processing. ☐ Subtask2: Make adjustments to the timeline and task assignments as needed.

Low Importance, High Urgency

  • Task 5 due in 2 weeks: Review and Improve Process
    ☐ Subtask1: After processing a batch of loans, review the process for any possible improvements. ☐ Subtask2: Implement changes to improve efficiency.
  • Task 9 due in 2 months: Customer Communication
    ☐ Subtask1: Communicate with customers regarding the status of their loan applications. ☐ Subtask2: Ensure that customers are satisfied with the process.
  • Task 10 due in 2.5 months: Review Customer Feedback
    ☐ Subtask1: Review feedback from customers regarding the loan application process. ☐ Subtask2: Implement changes based on feedback to improve customer satisfaction.

Low Importance, Low Urgency

  • Task 6 due in 3 weeks: Train Team
    ☐ Subtask1: Train the team on the new prioritization process. ☐ Subtask2: Ensure everyone understands the importance of the process.
  • Task 7 due in 1 month: Regularly Update Priority Matrix
    ☐ Subtask1: Regularly update the Priority Matrix based on new loan applications. ☐ Subtask2: Ensure that all applications are processed in a timely manner.
  • Task 8 due in 6 weeks: Regular Check-ins
    ☐ Subtask1: Conduct regular check-ins with the processing team to address any issues. ☐ Subtask2: Provide support and resources as needed.