☰

Update tranche from nCino to Mambu

Jump to Section

This feature allows you to create a new tranche for an existing loan account in nCino, which updates the Mambu Banking Engine.

Please Note:

The first tranche must be created right after the reserve flow has been successfully executed and before running the book flow.

Creating the first tranche for a tranche loan account

When you approve a transaction request for the first tranche the loan account status is set to Pending Approval in Mambu and the newly created tranche is in a Pending state in Mambu.

  1. Open the Budget Administration tab for the loan account and allocate funds for the necessary line items. The Budget Administration tab in the nCino UI

  2. Open the Draw & Disbursements tab for the loan account. The Draw and Disbursements tab in the nCino UI

  3. Create a new tranche by clicking Submit Draw Request, where you can add one or multiple line items. All fields are required: Date Requested, Line Item, and Amount Requested. The Submit a draw request modal popup in the nCino UI

After submitting the draw request, a transaction request will be created. The Disbursements Summary page in the nCino UI

  1. Open the Home page to submit the newly created valuation for approval. The valuation to be approved highlighted in the Open Loan Pipeline page in the nCino UI

  2. Approve the valuation. The Valuation Approval page in the nCino UI

  3. After approving the valuation, in the Draw&Disbursement tab the Initiate Funding link will be activated for the requested tranche. The Initiate Funding button in the Disbursements Summary page in the nCino UI

  4. Approve the Initiate Funding. This will submit for approval the corresponding transaction request. The Initiate Funding button highlighted in the modal popup in the nCino UI

  5. Open the Home page to submit the newly created tranche for approval. Tranches to be approve

  6. Approve the transaction request. This triggers the flow in Mambu Process Orchestrator (MPO). The tranched loan account updates with the new tranche amount and the anticipated disbursement date received from nCino. If the total amount of the tranches is less than the loan amount, the last tranche is created with the remaining loan amount and the maturity date as the disbursement date or the last instalment due date.
    The Approve button highlighted in the Transaction Request Approval page in the nCino UI

  7. After the tranche is created in Mambu, an external application lookup record is populated with the Mambu tranche encoded key as External Id and the transaction request ID as Context Id. The External Id and the Context Id highlighted in the External Application Lookup in the nCino UI

After approving the transaction request, the corresponding fields from Disbursements Summary will be updated. The Disbursements Summary page in the nCino UI, showing the Funded section highlighted

Please Note:

For tranched loans, the loan account must be booked in nCino after creating the first tranche.

Creating subsequent tranches for a tranche loan account

When you approve the transaction request for a new tranche, the loan account status is set to Active in Mambu and the newly created tranche is in a Pending state in Mambu.

To create a new tranche for an existing loan account, with the first tranche already disbursed in Mambu, follow the same steps as for the first tranche - except for step 1, as the loan will have already been budgeted.

Please Note:

The disbursement action for the newly created tranche remains a manual action. Additionally, the Mambu Banking Engine does not support multiple tranches with the same disbursement date and it does not support the creation of tranches that exceed the loan amount.

If the flow fails

If there is a failure during the Update tranche from nCino to Mambu flow, a transaction log is created. This log stores the transaction status of the flow, along with other details. In case of an error, the transaction log is updated with details regarding the errors sent from MPO. Vendor Status and Transaction Status are set to FAILED.

Example of a transaction log after an error occurred in the Update tranche from nCino to Mambu flow:

Update tranche from nCino to Mambu flow Transaction log details