Banking workflow for Tallyfy

Process loan applications completely the first time

Chasing missing documents delays everyone and frustrates customers. This workflow captures complete applications, verifies information, calculates preliminary eligibility, and prepares clean files for underwriting.

4 steps

3 fields

Import into Tallyfy Preview steps

Banking

Run this workflow in Tallyfy

Import this template into Tallyfy and assign loan officers and processors to handle intake, verification, and file preparation steps

Capture applicant name, loan type, and requested amount at kickoff, then use Tallyfy's multiselect fields to track which documents have been received

Track credit scores, employment verification, DTI calculations, and underwriter assignment in Tallyfy with processor notes visible to the entire team

Import this template into Tallyfy

Process steps

Collect application and required documents

1 days from previous step

task

Have the applicant complete the loan application form. Collect all required documentation: ID, income verification (pay stubs, tax returns), bank statements, and collateral information. For businesses, get financial statements and tax returns. Use your document checklist for the loan type.

Form fields in this step

Application Complete *

Documents Received *

Missing Documents

Run credit report and verify information

2 days from previous step

task

Pull credit reports for all applicants. Verify employment and income through VOE or alternative documentation. Verify bank account ownership. Check for existing relationships with the bank. Note any credit concerns or red flags.

Form fields in this step

Credit Score *

Employment Verified *

Credit Concerns

Calculate DTI and preliminary eligibility

2 days from previous step

task

Calculate debt-to-income ratio using verified income and credit report debts. Add the proposed payment to determine if DTI meets guidelines. Check other eligibility criteria for the loan program. Document your preliminary assessment.

Form fields in this step

Monthly Income *

Monthly Debts (existing) *

Proposed Payment *

DTI Ratio *

Preliminary Eligibility *

Prepare file for underwriting

3 days from previous step

task

Organize all documents in file order per your procedures. Complete the loan transmittal sheet. Note any conditions or concerns for underwriting. Route to appropriate underwriter based on loan type and amount. Target underwriting turnaround based on loan type.

Form fields in this step

File Complete for Underwriting *

Assigned Underwriter *

Processor Notes