Loan Support Inquiry
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 | The balance of the investment |
| Maturity | Date that the investment matures |
| Rate | Current interest rate of the investment |
| Investor Name | Name of the investor |
View Button
If you wish to view one of the investments, click to highlight and then click the View button on the toolbar. This will launch the Investment Inquiry screen. When you have finished viewing the information, click Exit to return to the Loan Support Inquiry screen.
Print Button
If you click the Print button on the toolbar, the system will generate the IL510 Supporting Investments report, filtered for this particular loan. Click below to view a sample of this report.
