When a renewal loan, 12345_R1, enters the "Booked" stage, what happens to the name of the original Loan 12345?

When a renewal loan, such as 12345_R1, enters the "Booked" stage, the name of the original loan, which in this case is 12345, is modified to reflect its status as the original loan in relation to the renewal. The original loan's identifier receives the suffix "_ORG" to differentiate it from the renewed loan.

This nomenclature indicates clearly that the original loan is still part of the loan hierarchy but is no longer active in the same way since a renewal loan has been booked. By appending "_ORG" to the original loan's number, users can distinctly identify the original loan as part of the renewal process while preventing any confusion with the newly booked loan. This practice helps maintain clarity in loan tracking and management within the system.

Thus, the correct answer reflects the standard operational practices within the nCino environment regarding the management of original and renewal loans, allowing for improved organization and oversight of loan portfolios.