A managed loan assessment tool with built-in intelligence that assists financial institutions with assessing risks associated with granting loans.
Our managed tool with built-in intelligence helps loan providers identify and evaluate risk. The result is:
Reduce cost involved in assessing loan applications
Reduce volume of errors in assessing loan applications
Decrease the volume of time required in assessing loan applications
See video below for an overview of the tool.
Loan Assessment Tool with intelligence built-in
The evaluation process is automated and assesses several factors, such as:
The underlying loan documents (see Drafting Note, Loan Document Review).
Information on any subordinate debt (see Drafting Note, Subordinate Loans, Mezzanine Loans, and Intercreditor Documents).
Real estate-related reports, such as any: – inspection reports; and – environmental reports. (See Drafting Note, Third Party Property Reports.)
Property operations information, such as: – Insurance policies and whether coverage is adequate; – rent rolls; – operating statements; – tax notices; – lease agreements, estoppels, and tenant subordination agreements; and – ground lease documentation, if any. (See Drafting Note, Property Contracts and Agreements.)
Title policy, survey, and zoning information (see Drafting Note, Title Policy Review).
Borrower entity information from closing (see Drafting Note, Borrower Party Information).
The legal opinion issued at loan closing (see Drafting Note, Legal Opinion).
Additional new information gathered including: – an updated title report; – updated property information;