[BCM] [Damanat] [E3] [BIA] [DP] [CBF] [1] Detailed Processes

Sub-CBF Code

Sub-CBF

Description of Process / Activity

Examples (in Damanat context)

1.1

Mortgage Guarantee Application Intake

Receive and register guarantee applications submitted by participating financial institutions.

A partner bank submits a mortgage guarantee application through Damanat's online portal.

1.2

Application Validation

Verify completeness, required documentation, and compliance with submission requirements before assessment begins.

Missing borrower income documents are identified and returned for correction.

1.3

Borrower Eligibility Assessment

Assess the borrower's eligibility against the guarantee programme criteria.

Verification confirms that the applicant satisfies first-home ownership eligibility rules.

1.4

Property Eligibility Assessment

Review whether the financed property meets programme requirements.

The property valuation and location satisfy Damanat's guarantee policy.

1.5

Mortgage Risk Assessment

Evaluate financial, credit, and operational risks associated with the guarantee request.

Credit risk specialists review borrower affordability and repayment capacity.

1.6

Guarantee Policy Compliance Review

Confirm compliance with guarantee programme policies, regulatory requirements, and internal governance.

The application is reviewed against internal underwriting standards and SAMA regulatory expectations.

1.7

Financial Institution Verification

Validate participating lender accreditation and programme participation status.

The originating bank is confirmed as an authorised programme participant.

1.8

Guarantee Approval Decision

Obtain approval from management or a delegated authority to issue the guarantee.

The guarantee is approved under delegated authority based on risk thresholds.

1.9

Guarantee Certificate Generation

Produce official guarantee documentation following approval.

An electronic guarantee certificate is generated and digitally signed.

1.10

Guarantee Registration

Record approved guarantees within enterprise guarantee management systems.

Guarantee information is registered within Damanat's core guarantee database.

1.11

Stakeholder Notification

Notify participating lenders and relevant stakeholders of guarantee approval or rejection.

Approval confirmation is electronically transmitted to the originating bank.

1.12

Documentation and Record Management

Store all supporting documents, approvals, correspondence, and audit records.

Digital records are archived in accordance with document retention policies.

1.13

Guarantee Fee Administration

Calculate, verify, and record guarantee fees where applicable.

Guarantee issuance fees are automatically calculated and invoiced.

1.14

Post-Issuance Quality Assurance

Review completed guarantee files to ensure process quality and regulatory compliance.

Internal quality assurance identifies documentation inconsistencies before case closure.

1.15

Management Reporting and Regulatory Monitoring

Produce operational reports, performance metrics, and regulatory information relating to guarantee origination.

Monthly reports summarise approval volumes, turnaround times, risk indicators, and programme performance for management review.