Banking workflow for Tallyfy

Close loans professionally without document errors

Redrawing documents wastes everyone's time and looks unprofessional. This workflow ensures closing documents are accurate, signatures are obtained properly, security interests are recorded, and funds disburse only when everything is in order.

4 steps

3 fields

Import into Tallyfy Preview steps

Banking

Run this workflow in Tallyfy

Import this template into Tallyfy and assign loan closers and settlement staff to document preparation, closing, and funding steps

Capture borrower name, loan amount, and closing date at kickoff, then track document generation, QC review, and signature completion in Tallyfy

Record security interest filings and disbursement details in Tallyfy with the new loan number captured for handoff to servicing

Import this template into Tallyfy

Process steps

Prepare closing documents

1 days from previous step

task

Generate all required closing documents: note, security agreements, disclosures, and any program-specific documents. Verify all information matches the approval. Calculate final figures including any per diem interest. Review documents for accuracy before the closing appointment.

Form fields in this step

Documents Generated *

QC Review Completed *

Conduct closing and obtain signatures

1 days from previous step

task

Meet with borrower(s) to execute documents. Explain key terms: rate, payment, due date, prepayment provisions. Obtain signatures on all required documents. Verify borrower ID matches documentation. Collect any funds due from borrower (down payments, prepaid items).

Form fields in this step

All Documents Signed *

Borrower ID Verified *

Funds Collected

Record security interest

3 days from previous step

task

For secured loans, file or record security interests appropriately. Real estate loans get recorded with the county. Vehicle loans file lien with DMV. UCC filings for business collateral. Obtain confirmation of recording/filing.

Form fields in this step

Security Interest Filed *

Recording/Filing Reference

Disburse funds and book loan

1 days from previous step

task

After all conditions are satisfied and documents properly executed, disburse funds per the closing instructions. Book the loan on your core system. Set up payment schedule and any automatic payments. Send borrower the payment coupon book or online access instructions.

Form fields in this step

Funds Disbursed *

Disbursement Method *

New Loan Number *