In one sentence
A time-stamped, tamper-resistant record of every action in a system: views, uploads, edits, and permission changes.
The longer version
The audit trail is the record that answers who did what, when. For lenders it is the difference between provable process and a story, and the artifact examiners ask for by name.
A trail that can be exported as a file, not just viewed in a portal, is what turns an exam question into a retrieval.
In Prodeal
Every view, upload, edit, and permission change is logged on the deal and exportable, so the record examiners ask for already exists as a file.
Common questions
- What is an audit trail?
- A time-stamped record of every action in a system, such as views, uploads, edits, approvals and permission changes, attributed to the person who took them.
- Why do lenders need an audit trail?
- To show examiners, auditors and participants who did what and when, including approvals and waivers that leave no document behind.
- What makes an audit trail usable later?
- Completeness, attribution to named people, and the ability to export it as a readable file for as long as the loan is outstanding.
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