Discuss your projectApplications move from intake to a recorded decision: documents collected against a checklist, your written policy applied as rules, and bureau data pulled from licensed providers. Your underwriters make the judgment calls, with an audit trail on every file.
Illustration of a lending workflow application built by Baybloom: applications received, underwritten against written rules with exceptions to a person, and decisions recorded with reasons.
Operations and product leaders at specialist lenders, brokers, equipment finance companies, and businesses that offer trade credit or installments to customers. The underwriting policy is yours; the bureaus and verification providers are licensed; the platform runs the workflow, records the decision, and keeps the audit trail.
The workflow
The steps we see most often in this kind of operation.
Features
Eligibility questions and soft checks through licensed providers that tell applicants and brokers early whether an application fits your written policy.
Bank statements, pay stubs, and financial statements read and sorted automatically, with key figures extracted for underwriters to confirm.
Rates, fees, and terms calculated from your pricing policy and risk grade, producing offers underwriters can adjust within approved limits.
Conditions attached to an approval tracked until satisfied, with escalation to the credit committee when a case exceeds an underwriter’s authority.
Agreements generated from approved terms and templates your advisers have reviewed, sent for electronic signature, and stored on the application record.
Views of applications by stage, approvals, exceptions, and funded volume, giving management and funders a consistent picture from one record.
Your first release
How the work runs
We start with the people doing the work and the systems around it, then write down the first release: what it includes, what it leaves for later, the integration decisions, and the acceptance criteria. Nothing is built until that scope is agreed.
We build in releases you can review as the work takes shape, using realistic data. Every release carries tests, a security review, and documentation. Integrations are tested against real records, with exceptions visible.
Your team receives the documentation, the runbooks, and the training to run the system, and we stay on for continued engineering when you want it.
Scope and price
Every project is priced from a written scope. These are the factors that move it most.
A short rule set is simpler to build than policies with many products, risk grades, overrides, and exceptions that each need testing against real cases.
Each bureau, verification, open-banking, or fraud provider adds integration work, testing, and handling of its responses on the application file.
What your compliance advisers require to be recorded, disclosed, retained, and reported shapes the data design, audit trails, and reports the platform produces.
Stopping at the decision is narrower than adding repayment schedules, payment collection through a processor, delinquency workflows, and customer statements.
Equipment finance company
At an equipment finance company, broker applications often arrive by email, documents are chased one at a time, and decisions live in underwriters’ notes. A lending workflow gives brokers a portal with structured intake and a document checklist with reminders. The company’s written policy runs as rules, cases that need judgment go to an underwriter, and the bureau report from a licensed provider is pulled into the file. Every decision is recorded with reasons and an audit trail. Servicing schedules and delinquency workflows can follow once origination is steady.
Questions
What buyers ask before a project like this starts.
No. The underwriting policy is yours, written down, and the platform applies it, pulls the data from licensed providers, and routes the judgment calls to your underwriters. Every decision is recorded with its reasons.
Your compliance requirements shape the scope: what is recorded, retained, and disclosed, and who may see it. Those are agreed in writing before anything is built, and we build to the requirements your compliance advisers set.
Yes. Bureau, verification, and fraud providers are integrated through their APIs, with the data recorded on the application.
Usually in a later release, which adds schedules, payments through a processor, delinquency workflows, and statements.
Documents and personal data are encrypted, access is limited by role, and every view and change is logged against the person. Retention and deletion follow the rules your compliance advisers set, and the controls are documented so funders, partners, and auditors can review them.
Common parameters such as thresholds, limits, and document requirements can be managed by authorized staff, with every change versioned and recorded. Structural policy changes are tested against real cases before release, so each decision can be traced to the policy version in force when it was made.
Open applications, documents, and notes can be imported so underwriters continue where they left off, and the old inbox is closed to new submissions at an agreed point. Past decisions can be loaded for reference and reporting, with their original records kept intact for audit.