Loan Support Inquiry
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Overview of IL500
The Loan Support Inquiry screen allows you to view the investments supporting a loan. From the Detailed Loan Inquiry screen, click View and select Loan Support Inquiry. You will see a screen similar to this one:
The following information is available on this screen:
Field | Description |
---|---|
Account | Account number for the borrower |
Loan | Loan number of the loan you are viewing support for |
First advance | Date that the first loan advance was issued |
First payment | Date that the first loan payment was received |
Supporting investments | Number of investments supporting the loan |
Maturity date | Date that the loan will mature, assuming all payments are made on time |
Total support | Combined total dollar amount of investments supporting the loan |
Loan commitment | Total amount your organization has committed to loan to the borrower |
Supporting rate | Percent of total loan amount supported by the investment(s) |
Loan balance | Loan principal balance |
Average investment rate | Weighted average interest rate of the investments supporting the selected loan |
Base loan rate | Minimum interest rate to be offered to borrowers in order to ensure that your organization does not lose money on the loan |
Supporting inv rate | Weighted average of the investments and pools at the time of the last LSP calculation period |
Loan interest rate | Current interest rate for the selected loan |
In the Investment Support area of the screen, you can see information about the supporting investments:
The following information is displayed:
Column | Description |
---|---|
Account | Account number of the investment holder |
Inv # | Investment number |
Balance | Example |
Example | Example |
Example | Example |
Example | Example |