The Assessment Summary is configured to auto-generate with all the important summary detail of an application. It's a great snap-shot of the application. You are able to refresh the Summary if you update the application data in a material way.
It is also where you will add your Assessment notes as you assess a deal.
Many lenders use this as the summary Credit File for a submission; and use this section to generate Application Summary outputs.
You should add all your notes to the Assessment Summary as you assess the deal; and then generate (print) a finalise summary when you submit for approval.
Where is the Assessment Summary?
The Assessment Summary is found in the Assessment Module. For instruction on how to get to the Assessment Module from the Assessment Process/es, click here.
What is captured in the Assessment Summary?
What you see in the Assessment Summary will depend on what your lender has configured as the Summary Data that it captures. When you have clicked open the Assessment Summary, it will look like this, and you can scroll down the summary to read through all the detail:
Summary Sections & Sub-Sections
Your Lender is able to configure Summary 'Sections' and 'sub-Sections' which group the data in relevant sections. You will see in the following screenshot that we have
Sections of Application Overview, and then Applicants
And in Application Overview, sub-sections that give you a quick understanding of the type of deal; and who submitted it
And then in Applicants, sub-sections that summary the detail about the applicants
(the rest of the Summary would continue to summarise Sections on Assets, Liabilities, Expenses, Loan details, Serviceability etc):
If there is some valuable summary data you would like to see on your Assessment Summary, chat to your Simpology team about getting it added.
When is Assessment Summary created?
The Assessment Summary will automatically be created by Omni when the broker (or other user) submits the application - ie it will reflect the application data when first submitted to you.
How do I 'refresh' the Assessment Summary?
When you have received a Loanapp submission, as an assessor, you are likely to update the Loanapp data as you assess the deal.
The Assessment Summary will not automatically update with your changed detail - you will need to trigger an update, when you want one. To do this, you click "Refresh Summary Data":
You can 'refresh' your Summary Data whenever you want to; and as many times as you want to.
This will update the 'auto-generated' data (coming from Loanapp); but it will not update your Notes and other work.
Here I have updated the Loanapp data to include Bonus income for Gary; and then refreshed the Assessment Summary:
Adding Notes and Comments to your Assessment Summary
There are two ways that you can add your notes to the Assessment Summary data.
Notes can be added to a Section.
Comments can be added to a sub-section
Adding a note to a Section
At the top right of each Section, there is a "Add Note" button:
When you click on this, a note editing box will appear at the bottom of the Section:
When you have typed in your note, click out of the section to save it.
The note will save along with detail of the author, date and time.
Adding a comment to a sub-section
To add a comment to a particular sub-section, click on the pencil in the relevant sub-section that you want to add a comment:
You will then have an editing panel to add your comments:
There is no Save button - to save simply click out of the note. This will be add the note along with the Author, Date and Time of comment:
Can I remove/delete a note or comment once written?
Generally, yes. You can delete a note or comment that you have written by clicking on the bin icon next to the relevant note or comment:
Most lenders will configure their Omni so that you can only delete your own notes (ie you cannot delete the notes of other people)
Generating an Assessment Summary Output
Your Assessment Summary can be output as a printed summary of your credit notes, observations and even recommendation for the application. Before you generate your assessment summary, you should 'refresh summary data' one last time to ensure any edits you've made in Loanapp are properly reflected on the summary:
And then at the bottom of the Assessment Summary, you should make sure you have
added any final comments and recommendations you have:
When you are ready, you can print your assessment summary in two ways. If you are in the section, you can press Print at the top of the summary page:
You can also, if you are not on the page, select the Assessment Summary in the Reporting widget and generate from there:
If you generate via the Reporting widget, you will find this document will also be populated into the supporting documents bucket for easy attachment to the checklist:
Your notes and comments that you add to the Assessment Summary will populate on your final printed file:
