Application Denial Reasons Validation for System Setup
Follow the validation rules below when entering data into the System Setup File. Proper configuration of denial reasons ensures that application processing runs smoothly.
Validation Rules: Application Denial Reasons
ExactEstate provides the ability to print templated denial letters when an application is denied. During application processing, selected denial reasons are included in the generated letter. This setup file is designed to onboard those denial reasons.
- Denial Reasons: List the specific reasons an application may be denied. Examples include insufficient income, poor credit history, or criminal background check failure. Ensure that reasons are concise and relevant to the decision-making process.
Helpful Tips
- Keep denial reasons simple and clear to promote consistency in communication with applicants.
- Ensure denial reasons are compliant with any legal guidelines or regulations specific to your organizational policies.
- Test the setup by generating sample denial letters in the system to confirm that denial reasons appear correctly.
