LIBOR Loan Onboarding

1. 4. Work Product

1.1. Need to understand all of the documentation within the Work Product

1.2. Need to also understand each of the areas involved in working on this Work Product

1.3. In this work product, there is both a contract and rate information.

2. 5. Peer Reviews

2.1. These are internal reviews which take place on this loan

2.2. Credit Risk reviews the loan

2.3. Who else in involved in Peer Reviews of loans? What else is updated?

2.4. Does Finance and Accounting come into play under peer review or approvals?

3. 6. Approvals

3.1. Once internal reviews are complete, Risk gets involved for final approvals

3.2. Where does Legal get into the picture and look at contracts, language, etc.

4. 7. Loan Closing

4.1. All documentation preparation takes place for final review

4.2. The commitment letter is created here

4.3. Set up for closing of the loan with the customer

4.4. Legal is involved at the closing

5. 3. Portfolio Manager whom handles the day to day work on the loan

5.1. All loans goto underwriting and there are two types of deals currently (on how we capture data

5.1.1. Simple loans can be entered right into nCino. Here is where the rate is selected

5.1.2. A word template is used to document more complex loans

5.1.3. Once either one of these is complete and paperwork in place, a Term Sheet is provided back to the customer

5.1.4. This becomes the 4. Work Product

5.2. This will change a bit when nCino updates are made, for now, there is a stop gap were document is added to nCino

6. 2. Relationship Manager owns the primary contact with the customer

7. 1. Customer kicks things off by applying for a loan

8. 8. Loan Booking

8.1. Once closing is complete, the loan is then booked and now in servicing mode

8.2. Loan is booked in Signature

8.3. Done by the commercial loan servicing team

8.4. Where is tax, accounting and reporting involved in the loan servivcng and booking?