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Financial Services / FinTech · Sales · Retail Banking

Loan Origination OKR Tracker Template

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Use ready-made loan origination OKRs to keep lending teams funding more quality loans all quarter.

app.profit.co / okr-tracker / loan-origination
profit.co›OKRs›Retail Banking
OKR Tracker

Loan Origination OKR Tracker

Sales · Retail Banking

0.47

Overall Score

O1

Grow loan applications from qualified borrowers

47%
KR1.1On Track

Increase completed consumer loan applications from 1,200 to 1,500

Owner

Owner

Target

Increase completed consumer loan applications from 1,200 to 1,500

Progress

47%
KR1.2On Track

Reduce loan application abandonment rate from 40% to 30%

Owner

Owner

Target

Reduce loan application abandonment rate from 40% to 30%

Progress

47%
KR1.3On Track

Increase share of applications from pre-qualified borrowers from 50% to 60%

Owner

Owner

Target

Increase share of applications from pre-qualified borrowers from 50% to 60%

Progress

47%
O2

Speed up credit decisions and funding

47%
KR2.1On Track

Reduce hours from completed application to credit decision from 60 hrs to 30 hrs

Owner

Owner

Target

Reduce hours from completed application to credit decision from 60 hrs to 30 hrs

Progress

47%
KR2.2On Track

Reduce share of applications returned for missing documents from 20% to 10%

Owner

Owner

Target

Reduce share of applications returned for missing documents from 20% to 10%

Progress

47%
KR2.3On Track

Reduce days from approval to funding from 14 days to 4 days

Owner

Owner

Target

Reduce days from approval to funding from 14 days to 4 days

Progress

47%
O3

Turn approvals into funded, quality loans

47%
KR3.1On Track

Increase share of approved loans that fund from 70% to 80%

Owner

Owner

Target

Increase share of approved loans that fund from 70% to 80%

Progress

47%
KR3.2On Track

Increase funded consumer loans from 600 to 750

Owner

Owner

Target

Increase funded consumer loans from 600 to 750

Progress

47%
KR3.3On Track

Reduce early payment default rate on new loans from 2.0% to 1.5%

Owner

Owner

Target

Reduce early payment default rate on new loans from 2.0% to 1.5%

Progress

47%
  • O1: Grow loan applications from qualified borrowers KR1.1: Increase completed consumer loan applications from 1,200 to 1,500 KR1.2: Reduce loan application abandonment rate from 40% to 30% KR1.3: Increase share of applications from pre-qualified borrowers from 50% to 60%
  • O2: Speed up credit decisions and funding KR2.1: Reduce hours from completed application to credit decision from 60 hrs to 30 hrs KR2.2: Reduce share of applications returned for missing documents from 20% to 10% KR2.3: Reduce days from approval to funding from 14 days to 4 days
  • O3: Turn approvals into funded, quality loans KR3.1: Increase share of approved loans that fund from 70% to 80% KR3.2: Increase funded consumer loans from 600 to 750 KR3.3: Reduce early payment default rate on new loans from 2.0% to 1.5%

What is loan origination?

Taking a consumer loan from application to funding.

Loan origination is the process of taking a consumer loan from application through underwriting, approval and funding. Under Regulation B, lenders must notify applicants of a decision promptly after a completed application.

Loan origination OKRs turn that process into quarterly goals. Hours to credit decision and approval-to-funding pull-through, for example, each get a measurable target and a named owner.

Why track loan origination with OKRs?

Grow applications, decide faster, and fund loans that perform.

Fill the pipeline

Completed applications, lower abandonment and pre-qualified share show whether qualified borrowers keep coming in.

Decide and fund faster

Hours to decision, complete files and days to funding show where borrowers wait longest.

Fund loans that perform

Pull-through, funded loans and early payment defaults balance loan growth with sound credit quality.

What you'll get in this template

The real difference your team will see.

  • Borrowers who finish their application instead of dropping off halfway through.
  • Faster credit decisions that help keep applicants from shopping other lenders while they wait.
  • One shared view of applications, decision speed and loan quality for lending leaders.

How to use this template?

Four simple steps to a live quarterly plan.

  1. 1

    See the example

    Check Sheet 1 to see how it works.

  2. 2

    Add your goals

    Fill in Sheet 2 with your objectives and key results.

  3. 3

    Update weekly

    Enter your latest numbers each week.

  4. 4

    Track your score

    Progress and status update on their own.

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