Loan imaging is the process of leveraging technology to scan paper loan documents onto a computer or network repository and then organizing the electronic files.
A loan origination system (“LOS”) is technology that helps banks generate loan documentation in a way that complies with regulatory and internal requirements. Banks usually install loan origination software on their local servers or access it through a cloud-based platform.
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 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.