Book loan account

Booking a loan account in nCino is the equivalent of approving a loan in Mambu. This action indicates that all necessary checks and approvals have been made and puts the loan account in a state where it is ready to be disbursed to the client. For a tranche loan account, the first tranche needs to be created using Update tranche from nCino to Mambu before the Book action.

When the Book action (automated booking) is triggered, the loan account status is:

  • Approved in Mambu
  • Booked in nCino

Book loan account

Please Note

The loan account is updated before the Book action.

Update loan account

An account should be in the PENDING_APPROVAL or PARTIAL_APPLICATION state before it can be updated. The fields that can be edited are indicated in the table in the slips logic section of this documentation.

In case Book loan account fails

When triggering the Book flow from nCino, a transaction log is also created. This log holds the transaction status of the flow, along with other details. In case of an error during the book process, the transaction log updates with details about errors sent from Mambu Process Orchestrator. Vendor Status and Transaction Status are also set to FAILED.

Example of a transaction log after an error occurred in the Book flow:

Book flow transaction log details