Update tranche from nCino to Mambu

Creating the first tranche for a tranche loan account

TriggerResult nCino/Mambu
APPROVE transaction request for the first trancheLoan account status will be :
- Pending Approval in Mambu
- The new created tranche is in Pending state in Mambu

Note: The first tranche must be created right after the reserve flow was successfully executed, before running the book flow.

  1. Access the Budget Administration tab for the loan account and alocate funds for the necessary line items.

    Budget Administration

  2. Access the Draw & Disbursements tab for the loan account.

    Draw a new tranche

  3. Create a new tranche by submitting a draw request where you can add one or multiple line items. All fields are required: Date Requested, Line Item, and Amount Requested.

    Submit a draw request

  4. Go to the dashboard page in order to submit the created tranche for approval.

    Tranches to be approve

  5. Approve the transaction request. This action will trigger the flow in Mambu Process Orchestrator. The tranched loan account will be updated 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 (last installment due date).

    Approve a new tranche

  6. 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.

    Transaction Request Link

Note: This only applies to tranched Loans. After creating the first tranche for a tranche loan, the loan account must be booked in nCino.

Creating the subsequent tranches for a tranche loan account

TriggerResult nCino/Mambu
APPROVE transaction request for new trancheLoan account status will be :
- Active in Mambu
- The new created tranche is in Pending state in Mambu

In order to create a new tranche for an existing loan account, with the first tranche already disbursed in Mambu, the same steps as for the first tranche need to be executed (except for the Budget Administration section).

Additional information: The disbursement action for the newly created tranche remains a manual action.

In case Update tranche from nCino to Mambu flow fails

When there is a failure during the Update tranche from nCino to Mambu flow, a transaction log is also created. This log holds the transaction status of the flow, along with other details. In case of an error, the transaction log will be updated with details regarding the errors sent from MPO. Also, Vendor Status and Transaction Status will be 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