Sentences with phrase «performing loan assets»

Sabal's services include the servicing of performing loan assets and the special servicing of non-performing loans in varying degrees of default.

Not exact matches

During the pre-approval process, your lender will take a complete loan application which includes performing an income and asset verification, and he will account for specific loan traits which may affect your final approval such as your personal credit scores, any required child support payments, and the availability of a co-signer, as examples.

We offer extended service contracts on all carsranging from 3 months / 4500 miles to 48 months / 50000 miles.service contracts may be purchased and financed within the car loan or paid for in full outside of the car loan.guaranteed asset protection (gap) Coverage is also available to cover the difference between an insurance settlement and the remaining loan due in the event of total loss of the vehicle.off site pre-purchase inspections are available with in 5 miles range from our dealership as long the check up it is not performed by any franchise dealers.

Once a loan goes into default for long enough, lenders no longer carry it on their books as a performing asset.

However, individual mortgage banks, local banks and credit unions that have an appetite for residential mortgage loans will almost certainly expand their thresholds on what they will and will not allow based upon their appetite for longer - term performing mortgage assets.

These net asset values became readily ascertainable insofar as the specific assets consisted of cash and equivalents; investments in marketable securities and performing loans; income - producing real estate; land suitable for development; and intangibles such as mutual fund assets under management.

With a loan modification, the lender turns a delinquent account into a performing asset.

We also advise on transactions involving packages of regulated loans, from sales of underperforming portfolios through to warehousing / securitisation of performing asset pools.

Prepared valuation analyses and cash flow models on prospective acquisitions using ARGUS; and recorded acquisition / sale of 1031 properties on multiple entities Prepared quarterly financial reports for tax auditors using QuickBooks, including all supporting schedules for 10 - K and 10 - Q filings Created / Maintained lease briefs for newly acquired assets and performed due diligence for prospective acquisitions Managed and reconciled cash for company and 1031 exchange properties; and acted as primary contact for all treasury management issues Filed annual business property statement and recorded estimated income tax payments — state and federal Created accounting procedures manual and supervised / trained assistants to perform accounts payable tasks Consulted with property accountants to resolve discrepancies in monthly financial reports Provided executives, shareholders, lenders and investors with monthly, quarterly and annual financial reports Ensured compliance with loan covenants and tenant in common (TIC) agreements

Accountant — Samson and Holmes Finance Corporation, Saratoga Springs, NY — 2/2008 — 8/2013 • Performed duties such as account processing, budgeting, and payroll on a daily basis • Discovered billing mistakes that caused the company $ 500,000 in double charges, and took appropriate action to successfully recover the full amount • Handled fixed assets, loan accounting, budget reviews and forecasts, and financial reports • Provided quarterly budget goals for both the overall company and individual departments within the company • Maintained the general ledger, compiled internal auditing reports, and recommended financial strategies to increase profits and reduce spending • Monitored industry trends, the economy, and other financial factors to determine risks and areas of profit opportunity

• Successfully pass loans for all assigned qualified clients, generating a 100 % satisfaction rate • Introduce an automatic fee calculation system, reducing time taken to manually calculate fees and loan level prices by 44 % • Expedite background checks for assigned clients, by creating and maintaining effective relationships with investigative authorities • Generate referrals and leads and contact them to inquire into their mortgage needs • Interview clients to determine their specific requirements for mortgage and refinancing • Advise clients on best loan programs based on their income and assets • Perform background checks to determine clients» eligibility for mortgage loans

Professional Duties & Responsibilities Determined client financial goals and created comprehensive investment portfolios Recommended funds, allocation percentages, and risk management products Performed market and investment research, analysis, and asset allocation studies Authored market and portfolio commentaries and customer correspondence Generated product sales through cold calling, networking, and client presentations Oversaw loan process, determined risks, and recommended course of action Trained and supervised junior associates ensuring effective and efficient operations Experienced in legal compliance, research, and document creation Developed marketing and development plans as well as all collateral materials Resolved customer service inquiries resulting in client satisfaction and repeat business Performed all duties in a positive, courteous, and timely manner

Whether it is for a loan or a purchase for an investment property, some principal or borrower needs to know if their real estate asset will perform as expected.

During the pre-approval process, your lender will take a complete loan application which includes performing an income and asset verification, and he will account for specific loan traits which may affect your final approval such as your personal credit scores, any required child support payments, and the availability of a co-signer, as examples.

At his previous firms, he performed credit analysis assisting loan officers with underwriting property and borrower information for loan submissions, serviced commercial loans providing assumptions and modifications for the commercial portfolio, worked out problem assets and provided asset reviews to classify loans in order to assess portfolio quality.

There are much better investments for a lender where they could stay liquid and collect 4 % versus loaning on a hard asset that may or may not pan out and perform.

Banks are definitely selling commercial loan notes left and right to private investors, even sometimes in cases where the notes ARE PERFORMING, if the bank has a need (reducing required regulatory capital, regulatory pressure, Board mandates, etc.) to divest themselves of a particular asset class.

The loan portfolio comprises 57 performing first mortgage loans on properties including office, apartment, hotel, condominium and industry assets, mainly in the gateway markets of New York and Los Angeles.

On our recent fund when we sell off the performing notes in year 5, that will be a capital gain from the difference from the adjusted cost basis of the assets to the net sales income, but the income to our fund members from the loan payments up to that point will be ordinary income.