Loan Approval Tracking Project Template

More mortgage-banking-or-lending-industry templates

Managing multiple loans can be challenging. This template helps Mortgage Loan Specialists keep track of each loan and its stage of approval, ensuring timely processing and avoiding any oversight.

With tasks ranging from creating a loan tracker spreadsheet to regular updates and monthly analysis, this template provides a comprehensive guide to streamline the loan approval process.

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Loan Approval Tracking Project for Priority Matrix

Loan Approval Tracking Project in Priority Matrix

Keep track of multiple loans and their approval stages in a clear and organized manner.

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Proposed Tasks

Loan Initiation

  • Task 1: Create Loan Tracker Spreadsheet
    ☐ Decide on the necessary columns (eg. loan ID, borrower, approval stage, etc.) ☐ Format the spreadsheet ☐ Add initial data
  • Task 2: Set up Regular Updates
    ☐ Decide on the frequency of updates ☐ Set reminders to update the tracker
  • Task 3: Communicate Tracker to Team
    ☐ Explain the tracker and its purpose to the team ☐ Train team members on how to use and update the tracker

Loan Processing

  • Task 4: Track Loan Application Stage
    ☐ Update the tracker as each loan enters the application stage
  • Task 5: Track Loan Processing Stage
    ☐ Update the tracker as each loan enters the processing stage

Loan Approval

  • Task 6: Track Loan Underwriting Stage
    ☐ Update the tracker as each loan enters the underwriting stage
  • Task 7: Track Loan Approval Stage
    ☐ Update the tracker as each loan gets approved

Loan Closure

  • Task 10: Monthly Tracker Analysis
    ☐ Analyze the tracker at the end of each month ☐ Identify any bottlenecks in the loan approval process
  • Task 8: Track Loan Closure Stage
    ☐ Update the tracker as each loan gets closed
  • Task 9: Weekly Tracker Review
    ☐ Review the tracker on a weekly basis ☐ Make necessary updates and corrections