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Tony Williams, Loan Technologist
Commercial Lending Business Model
Receive Funds via
MT
Receive Funds via
DDA
Receive Funds via
Other
Receive U.S. Dollars
from FX
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The funds can be wired to the lender via the Federal Reserve Bank. The loan department may receieve notification of this payment from the lenders money transfer department.
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The funds can be received from the borrower via deposit into an account held with the lender
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The funds can be received some other way from the borrower. Examples would be a check or inter-departmental transfer of funds. Principal interest continues to accrue until the check is cleared. Interest and fee payments made by check can be applied immediately.
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If the cas of loans made in a foreign currency, payments may be made in that currency, possibly at a local branch. The money is then converted at the lenders FX desk and credited to the loan department.
LIQ87
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