For such loans the system has a separate status Gathering Investments. Loans are moved to this status after approval by the system or Underwriter and remain in this status until fully funded. Loans in the Gathering Investments status are visible to Investors in their online portal.
To view loans awaiting investments:
Enter a web workplace.
Go to Servicing workplace.
Set Gathering Investments filter to selected loans awaiting investments
The applications filter window.
The table with all loans awaiting investments is displayed:
The loans awaiting investments.
To view list of investments go to Investments tab.
Investments tab.
The list of investments contains the following details:
- Date when investment was submitted
- Full name of the investor
- Investment amount - the amount of funds invested to the loan by this investment
- Investment interest rate - this is the rate that's used to calculate the amount of interest for the Investor (not the same thing as regular Interest Rate of the loan)
- Return amount - total sum repaid to the investor from this loan's repayments
For each investment the user can view following details:
- Current investment balance including interest and principal.
- List of repayments received
for the investment. Repayment amounts are calculated considering the investment's portion value.Anchor _GoBack _GoBack
If a loan is not fully funded, the user can see which part of the total loan amount is currently invested.
Note: | Each investment has its own internal balance value (IB). This balance changes together with loan balance changes. Balance is increased when some amount is accrued and reduced if a repayment is applied. The balance consists of Principal and Interest parts. |