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Tony Williams, Loan Technologist
Commercial Lending Business Model
Prepare
Funding
Memo
Send
Funding
Memo
Request
To
Investor
Review
&
Verify
Receipt
of
Funds
Advise
Treasury
Of
Sale
In deals which funds have been drawn by the borrower, the investor must be notified of any share amounts so that it can send funds to the bank.
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A funding memo is prepared, showing funding amounts, dates, rates,..
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The funding memo is sent to the investor for funding the same or next day
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Bank must verify amount received is consistent with the details
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Treasury must be notified of Participation or Assignment closings, since break funding penalties may have to be calculated and assessed.
LIQ50
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