Home Realty System
Use-Case Specification: Apply For Loan

Version <1.0>





Table of Contents
1.	Apply For Loan	3
1.1	Brief Description	3
2.	Flow of Events	3
2.1	Basic Flow	3
2.2	Alternative Flows	3
2.2.1	Applicant Does Not Meet Loan Criteria	3
3.	Special Requirements	4
4.	Pre-Conditions	4
5.	Post-Conditions	4
6.	Extension Points	4


Use-Case Specification: Apply For Loan 

1.	Apply For Loan
1.1	Brief Description
This use case allows a Prospective Buyer to apply for a mortgage loan on-line. 
The Prospective Buyer must provide specific personal financial history and 
approve the processing of a current credit report. The use case will inform the 
Prospective Buyer if they do pre-qualify for the dollar amount they are 
requesting, and will generate a pre-qualification letter.

2.	Flow of Events
2.1	Basic Flow 
This use case begins when the Prospective Buyer selects the "Apply For Loan" 
option from the main web page.
1.	The Prospective Buyer enters the city and state where they are applying 
for the mortgage loan.
2.	The applicant chooses the mortgage type that they would like to apply 
with. The system brings up the loan pre-approval window.
3.	The applicant fills out the loan interview questionnaire. The applicant is 
required to provide information on income, outstanding debts and loans, loan 
preference, and information on their credit history.
4.	The system prompts the applicant about the dollar amount of the proposed 
loan and the total dollar value that will be used for a down payment. The system 
then calculates the applicant's borrowing power based on the financial 
information and loan requirements provided by the applicant.  
5.	If the applicant's borrowing power meets BC Realtor's criteria, the system 
will send all information to the Loan System and search for lenders that will 
offer a loan pre-approval to the applicant. The Loan System will return a loan 
term, interest rate, and monthly payment based on the applicant's financial 
data.
6.	The system displays a list of lenders to the Prospective Buyer and saves 
the list to the buyer's Personal Planner.  
7.	The Prospective Buyer selects one lender to work with. When the applicant 
selects a lender, the applicant must give permission to have a credit report 
generated. After the applicant gives permission to generate a credit report, the 
system requests the Credit Reporting System to generate a credit report for the 
applicant and to forward it to the lender that the applicant has chosen to work 
with.
8.	The system displays a loan pre-qualification letter that contains the loan 
amount, assumed down payment, lender information, and applicant name.      
9.	The Prospective Buyer prints the pre-qualification letter.


2.2	Alternative Flows
2.2.1	Applicant Does Not Meet Loan Criteria
If, in the Basic Flow, the applicant's financial information does not meet the 
minimum standards for the loan amount that is being requested, the system will 
display a dialog explaining that the applicant does not qualify for that loan. 
The dialog will offer advice to the applicant on steps that can be taken to 
improve their borrowing position, at this point the use case ends.
2.2.1.1	No Lenders Are Willing To Extend An Offer
If, in the Basic Flow, the applicant is not extended a pre-qualification offer 
from any lender, the system will display a dialog explaining that there are not 
lenders that are willing to extend a loan at this time. The system will offer 
suggestions to the applicant that may increase the chances that a loan offer 
will be extended.  At this point the use case ends.

3.	Special Requirements
None.
4.	Pre-Conditions
None.
5.	Post-Conditions
None.
6.	Extension Points
None.



