What Happens After Rejection

What Happens After Rejection

Understand what happens when items are rejected and how to proceed

Overview

Rejection is a final decision that stops the workflow for that item. Rejected items cannot be edited or resubmitted.

Rejection Outcomes by Item Type

Term Sheet Rejected

What Happens:

      • Status changes to Rejected
      • Term sheet becomes read-only
      • No master commitment is created

What You Can Do:

      • View the rejected term sheet
      • See rejection reason/comments from FA
      • Create a new term sheet addressing the issues
      • Submit the new term sheet

What You Cannot Do:

      • Edit the rejected term sheet
      • Resubmit the same term sheet
      • Appeal the rejection

Funding Request Rejected

What Happens:

      • Status changes to REJECTED
      • Funding request becomes read-only
      • No funding notice is created

What You Can Do:

      • View the rejected funding request
      • See rejection reason from FA
      • Create a new funding request
      • Address the issues in the new request

What You Cannot Do:

      • Edit the rejected funding request
      • Resubmit the same request

Pool Mandate Rejected

What Happens:

      • Market maker declines to structure the deal
      • Pool can be submitted to another market maker

What You Can Do:

      • View the pool
      • Submit to a different market maker
      • Make improvements before resubmitting

Loan Removal Rejected (by Issuer)

What Happens:

      • When market maker/investor requests loan removal and issuer clicks cross (reject)
      • Loan stays in the pool
      • Loan continues to be included in pool calculations

Rejection vs Change Request


 Rejection
  Change Request
  Final?
  Yes, cannot proceed
  No, can be modified
  Editable?
  No
  Yes
  Resubmit?
  Must create new item
  Can resubmit same item
  Workflow
  Stops
  Returns to submitter

Next Steps After Rejection

For Borrowers (Term Sheets, Funding Requests)

1. Review Rejection Reason

      • Understand why it was rejected
      • Note specific issues mentioned

2. Create New Item

      • Start fresh with a new term sheet or funding request
      • Address all issues from the rejection

3. Verify Before Submitting

      • Ensure all requirements are met
      • Double-check documentation
      • Confirm all fields are complete

4. Submit New Item

      • Go through the normal submission process
      • Be prepared for review again

For Issuers (Pool Mandates)

1. Review Market Maker Feedback

      • Understand why mandate was rejected

2. Consider Options

      • Submit to a different market maker
      • Improve pool before resubmitting
      • Address specific concerns

3. Resubmit When Ready

      • Share with new market maker
      • Or resubmit to same market maker after improvements

Key Points

      • Rejection is final for that specific item
      • Create new items to try again
      • Learn from rejection reasons to improve
      • No appeal process exists
      • Rejected items are read-only for reference


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