Complete Credit Approval Document(in Word platform)
Raise the Credit Approval Document to the Credit Risk Committee for approval (vote)
Take the deal through the closing process – Load executed documents to the repository
Asset purchase and handover
Monitor the credit on a quarterly basis –Account manager checking activity on a weekly basis and raising issues as needed
Immaterial Amendments
Spread the renter’s latest financials
Update the risk rating scorecard
Complete Credit Approval Document(in Word platform)
Raise the Credit Approval Document to Credit Risk Committee for approval (vote), can be relaxed perhaps if in good standing, short-term extension, no red flags?
Take the loan through the closing process –Amending the facility credit agreement and loading latest documents to repository
Asset purchase and handover
Monitor the credit on a monthly/quarterly basis
Renewals / Extensions / Refinance
Spread the renter’s latest financials
Update the risk rating scorecard
Complete Credit Approval Document(in Word platform)
Raise the Credit Approval Document to Credit Risk Committee for approval (vote); can be relaxed if in good standing, short-term extension, no red flags
Take the loan through the closing process –Amending the facility credit agreement and loading latest documents to repository