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In the video tutorial, a newly created loan number 14 is approved for a borrower deemed sound. The borrower receives an email from an electronic signature service, containing a link to sign the document. The borrower accesses the document, places their signature, and clicks the “done” button to complete the signature process. The system initially shows the loan in the signing status, with signatures checked every 15 minutes. To expedite the demonstration, the presenter refreshes the system, which then updates the loan status to "approved," confirming that the signed agreement has been uploaded to the borrower’s profile.