Steps For Compliance Routing Testing
There are two options for Vendors to test and move their loan applications through the Compliance steps. The Vendor can either:
1) User can manually enter their own Tax ID and set the compliance result on their own, or
2) Use some pre-determined Tax IDs. Your application will be routed based on the Compliance Result the Tax ID is linked with.
Steps for Manual Entry of Compliance Result:
1) Login to Origination.
2) Select Reports.
3) Select Compliance Check Setup (Located near the bottom of the left side navigation).
4) Click the “Press Link...” link to open the manual entry screen.
5) Enter the Loan Application Number(s) and select the desired Compliance Check Status.
6) Select Submit. The system will automatically evaluate and route the Loan Application out of R0 Status. This will be done by a scheduled job that runs every 5 minutes.
NOTE - Any invalid Loan Application number(s) entered during step 5 will return a message that those specific Loan Application(s) could not be processed. The valid Loan Applications will be processed as normal.
Steps for Pre-Determined Entry of Compliance Result:
The SBA has set the logic that will result in the following Tax IDs using the specified Compliance Result:
| Tax ID | Result |
|---|---|
| 666-10-1001 | Pass |
| 666-10-1002 | Pass |
| 666-10-1003 | Pass |
| 666-10-1004 | Pass |
| 666-10-1005 | Pass |
| 666-20-2001 | Fail |
| 666-20-2002 | Fail |
| 666-20-2003 | Fail |
| 666-20-2004 | Fail |
| 666-20-2005 | Fail |
| 666-30-3001 | Response Pending |
| 666-30-3002 | Response Pending |
| 666-30-3003 | Response Pending |
| 666-30-3004 | Response Pending |
| 666-30-3005 | Response Pending |
Note - If there are multiple pre-determined Tax IDs in the Loan Application, the routing will be based on the Compliance Result of the selected Tax ID.
1) Login to Origination.
2) Select Reports.
3) Select Compliance Check Setup (Located near the bottom of the left side navigation).
4) Select the appropriate Tax ID from the Loan Application that was submitted, and click “Search”.
5) From the Loan Application drop list, select the Loan Application Number to process.
6) Select Submit. The system will automatically evaluate and route the Loan Application out of R0 Status. This will be done by a scheduled job that runs every 5 minutes.
You can confirm the routing of your loan by confirming it on the matching scenario in the New Origination Workflow link.
Steps for Agent/SBIC Validation
Potential match between Participants and Agent names (823)
1) Login to Servicing.
2) Lookup Loan in Undisbursed/Disbursed status which has an Agent. Take note of Agent Name.
3) Login to Origination.
4) Originate a new loan, using the Agent as the Primary Borrower.
5) Submit the loan application. The system should place the application in “In Compliance Review” status while validation takes place.
6) Return to “Application Info” screen on the application. If done correctly, hold code 823 should have been applied under “Compliance Check” section.
SBLC may not make a loan to an Applicant that has received funding from a SBIC that is an Associate of SBLC (824)
1) Login to Origination.
2) Lookup an SBLC Loan Application. (PIMS Program ID must be set)
3) Add a new Borrower business with TaxId (72-9869062). This TaxID is preconfigured as an SBIC that is an Associate of SBLC.
4) Submit the loan application. The system should place the application in “In Compliance Review” status while validation takes place.
5) Return to “Application Info” screen on the application. If done correctly, hold code 824 should have been applied under “Compliance Check” section.