Update tranche from nCino to Mambu
This feature allows you to create a new tranche for an existing loan account in nCino, which updates the Mambu Banking Engine.
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.
The first tranche must be created right after the reserve flow has been successfully executed and before running the book flow.
Open the Budget Administration tab for the loan account and allocate funds for the necessary line items.
Open the Draw & Disbursements tab for the loan account.
Create a new tranche by clicking Submit Draw Request, where you can add one or multiple line items. All fields are required:
Line Item, and
After submiting the draw request, a transaction request will be created.
Open the Home page to submit the newly created valuation for approval.
Approve the valuation.
After approving the valuation, in the
Initiate Fundinglink will be activated for the requested tranche.
Initiate Funding. This will submit for approval the corresponding transaction request.
Open the Home page to submit the newly created tranche for approval.
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.
After the tranche is created in Mambu, an external application lookup record is populated with the Mambu tranche encoded key as
External Idand the transaction request ID as
After approving the transaction request, the corresponding fields from
Disbursements Summary will be updated.
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.
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
Example of a transaction log after an error occurred in the
Update tranche from nCino to Mambu flow: