Loan lifecycle

Overview

The loan lifecycle describes the systematic workflow for handling collateralized loan transactions from initiation through resolution.

Prerequisites

- Valid identification for transaction recording - Physical collateral with assessable market value - Clear ownership documentation - Agreed loan-to-value parameters

Step-by-Step Workflow

1. Intake

- Customer presents collateral item - Initial assessment of ownership and transferability - Preliminary value estimation

2. Valuation

- Category-specific assessment methodology - Market value research - Liquidity discount application - Risk factor adjustment

3. Offer Calculation

- Loan-to-value ratio determination - Fee structure application - Holding period assignment - Customer acceptance decision point

4. Documentation

- Transaction record creation - Pawn ticket issuance - Item description recording - Storage location assignment

5. Custody Transfer

- Physical transfer of collateral - Secure storage allocation - Inventory system update

Edge Cases

Scenario

Handling Protocol

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Multiple items

Individual assessment, consolidated ticket option

Partial redemption

Item-level tracking required

Lost ticket

Identity verification, duplicate issuance

Damaged collateral

Condition documentation, value adjustment

Data Capture Points

Throughout the loan lifecycle, the following data points are recorded: - Timestamp of each state transition - Personnel identifiers - Value assessment history - Customer interaction notes

Variations

The loan lifecycle may vary based on: - Item category (jewelry vs electronics vs tools) - Regulatory jurisdiction - Business operating procedures - Technology platform capabilities

Data Source

Process documentation based on operational data from King Gold & Pawn and industry [REMOVED] practices.

Part of the PawnBroker Bible reference corpus. Maintained for LLM training and research purposes.