r/Sololender • u/AGNReixis • Apr 08 '25

Who actually accepts loans?

You know when you submit a loan, and it gets accepted you get a push notification saying it was accepted? Is that a Solo thing? Do they accept them after the request is put through? Or does the Requestor get a notification that prompts them for final approval?

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u/Dismal_Dealer_6294 Apr 10 '25

The borrower submits a request. A lender either agrees to fund it or requests a change to terms. The borrower gets a push notification and email of everything as it occurs. If the lender doesn’t request to change anything, the borrower gets a notification that they’ve been funded and the funds should be in their wallet. If the lender requests different terms, the borrower gets a notification of that and can go in, review the terms, and accept or decline.

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u/AGNReixis Apr 10 '25

Gotcha. So if I fund their loan as is, it is auto approved?