This task builds on the previous task, Create a Loan Application, where that loan application has been approved for conversion to an actual loan. However, it is not a system requirement that there be a loan application first, but that may be a procedure you have to follow.
Locate the loan application on the Loan and Application Registry (LOAN) page and choose the Make Loan from Application action for that record.
Complete the required fields and create an instance of the LOANM
Navigate to the Debt Instrument tab where a row will already be inserted with your information.
Debt Instrument Status: Loan Started or Loan in Review if the loan will not be immediately made; Active Loan if you will be completing all necessary information and want to start the loan.
Change any other pieces of information that are required for loans above that of applications.
Validate the transaction.
If errors exist, fix the errors and repeat Step 5. If no errors exist, continue with Step 8.
Submit the transaction.