In a loan participation, two or more banks fund one loan to a customer. The lead bank makes the loan and then sells a portion to at least one participating bank.
A loan pipeline report helps stakeholders understand the financial institution’s current lending opportunities.
A loan policy is a bank’s lending guidelines that set the terms on how and to whom it will loan funds.
Loan policy exceptions are exceptions that are made to a financial institution’s loan policy, which defines how and to whom the bank or credit union lends. Loan policy exceptions occur when a financial institution decides to take actions that fall outside of its standard lending practices.
Loan portfolio metrics are data points used to determine the distribution of a financial institution’s loan types and the degree of risk associated with each loan.
A loan producer is a bank employee who is responsible for inputting all necessary data and generating loan documents once a lender receives loan approval.
A loan review is conducted on commercial loan files, either internally by bank staff or by hired third-party auditors.
A loan servicing specialist manages elements of consumer or commercial loans from the time immediately after consummation through pay-off.
Loan tickler software is used to track customer and account documentation, trailing items, and ongoing due diligence.
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