Application Life Cycle
The life cycle of a loan application consists of 4 stages:
Uploading an application to the system is the stage at which the seller, with the consent of the borrower, transfers the data of the loan application to the Ninja Lender system through the API.
Confirmation by the borrower is the stage at which the borrower checks the relevance of the data specified in the application, and also agrees to their processing and transfer to other partners interested in giving him a loan. If the borrower refuses to process personal data, his application is deleted from the system.
Distribution of the application is the stage, which includes sending requests with application data to potential buyers and processing their responses. The system forms the first queue, and buyers are invited to buy an application at the price of a "new client". In the case of a positive response from the buyer, the application is considered sold. If no one is interested in the application within the first queue, the second queue is formed for selling the application at the price of an "existing client". When a positive response is received from the buyer in the second queue, the application is considered sold. If after two queues of requests the application is of no interest to anyone, it is removed from the system.
Registration issue - the stage at which the system indicates that after the purchase of this application occurred credit to borrowers.
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