Executing the Mortgage Refinancing Solution Scenario

The Mortgage Refinancing Solution Scenario can be executed in Business Space. You can view the end-to-end execution, view reports, and also view the transaction state using the different forms and reports in Business Space.

Before you begin

Ensure that the following prerequisites are complete before you execute the Solution Scenario.
Note: As part of the installation, the endpoints used within the Solution Scenario are set to the port 9080 by default. If the Solution Scenario EAR files are deployed on different ports, it is recommended to use a monitoring utility, such as TCPMon, to act as a proxy to the actual endpoint.

About this task

An agent can initiate a mortgage request using the Mortgage Refinancing Solution Scenario in Business Space by logging on to Business Space, initiating a request, providing details using forms, and submitting the data for processing. A loan officer can then verify the business or employment details after which the agent can approve or reject the mortgage.
Note: Some of the fields, used in the forms, for this Solution Scenario are programmed using basic validations. You can verify the validation for the field by moving the mouse pointer over the field.

The Submit button in the form is disabled until you provide a value in all such fields in a form.

Table 1. Widgets to roles mapping
Roles/Pages Getting Started My Task Dashboard Process Process Check
Agent Yes Yes Yes Yes N/A
Loan Officer Yes Yes N/A N/A N/A
Underwriter Yes Yes Yes Yes Yes

The roles for the Solution Scenario are given in the following table.

Table 2. Create groups and users
Group User User ID Password
Agent Adam Smith Adam password
Loan Officer Jay Walk Jay password
Underwriter Peter Henderson and Susan Thomas Peter, Susan password
Customer James Adams James password
Joey Zack Joey password

Procedure

  1. Open the Business Space portal.
  2. Create a mortgage request.
    1. Log on to Business Space with the User ID of an Agent as Adam and Password as password.
      Note: The default password for the user when you configure the Solution Scenario using scripts is password. If you configure the Solution Scenario manually, you must use the password that you specified for the user registry in WebSphere Process Server. For more information, see the Configuring the user registry in WebSphere Process Server section in the Installation Guide.
    2. Open the Mortgage Refinancing space.
      Note: For more information about configuring the Solution Scenario, see Configuring the Mortgage Refinancing Solution Scenario.
    3. Open the My Tasks page.
    4. In the Task Definitions List widget, select the Create Mortgage Refinancing Request check box and click the Create an instance from this task definition icon Create an instance from this task definition icon. The Mortgage Refinancing form is displayed in the Task Information widget.
    5. Provide the borrower details in the form provided and click Next.
    6. Provide the mortgage details in the form and click Next.
      Note: Ensure that the outstanding amount is less than the mortgage amount.
      Table 3. Sample data for the Solution Scenario
      Field Name Value Description
      HA Modification Yes The approval is assigned to the HA Modification Underwriter.
      No The approval is assigned to the Refinance Underwriter.
    7. Provide the employment details in the form and click Next.
      Table 4. Sample data for the Solution Scenario
      Field Name Value Description
      Employment Salaried The salaried employee-related forms are created and assigned to the Loan Officer for verifying the documents.
      Self-Employed The self-employed employee-related forms are created and assigned to the Loan Officer for verifying the documents.
    8. Provide the details for the property and click Next.
    9. Provide the asset details and click Next.
    10. Provide the liability details and click Next.
    11. Complete the check list and click Submit.
    12. Select the Check Document List task for the mortgage request from the Tasks List widget and click the Accept and edit the task icon Accept and edit the task icon. The Document Check List form is displayed in the Task Information widget.
    13. View the document list, select the required check boxes, and then click Submit.
  3. Verifying the information provided.
    1. Log on to Business Space using the user ID and password for a Loan Officer, that is Jay and the Password as password.
      Note: The default password for the user when you configure the Solution Scenario using scripts is password. If you configure the Solution Scenario manually, you must use the password that you specified for the user registry in WebSphere Process Server. For more information, see the Configuring the user registry in WebSphere Process Server section in the Installation Guide.
    2. Open the My Tasks page from the Mortgage Refinancing space.
    3. Select the Verify Employment Details check box for the mortgage request from the Tasks List widget, and click the Accept and edit the task icon Accept and edit the task icon. The Verify Employment Details form is displayed in the Task Information widget.
    4. View the transaction details, select the appropriate check boxes, and click Submit.
  4. Approving the mortgage request.
    1. Log on to Business Space using the user ID and password of an Underwriter, that is Peter and the Password as password.
      Note: The default password for the user when you configure the Solution Scenario using scripts is password. If you configure the Solution Scenario manually, you must use the password that you specified for the user registry in WebSphere Process Server. For more information, see the Configuring the user registry in WebSphere Process Server section in the Installation Guide.
    2. Open the My Tasks page from the Mortgage Refinancing space.
    3. Select the Approve Mortgage - Refinance check box for the mortgage request from the Tasks List widget, and click the Accept and edit the task icon Accept and edit the task icon.
    4. View the mortgage transaction status in the form displayed, update the amounts, click Approve, and then click Submit.
      Note: Click Reject to reject the mortgage request.
  5. View the dashboards on the following page.
    • Mortgage Refinancing Dashboard
  6. View the Mortgage Refinancing Process on the following pages.
    • Mortgage Refinancing Process
    • Mortgage Refinancing Process Check