Loan Quick Link

Automatically Receive Current Financial Information From Your Loan Customers

“Save Time and Effort in Maintaining Current Financial Information For Your Loan Customers Who Use QuickBooks ”


Sign up Customer to Send LoanQuickLinks© Installation Invitation Link with Setup Instructions	Customer Installs LoanQuickLinks© to Computer Running QuickBooks	Start Receiving eMail with Updated Financial Information Annually, Quarterly or even Monthly

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As outlined by Citi Foundations Technical Assistance Memo by Donna Nails, May 2010,

Excessive lender analysis of borrower’s concept with limited analysis of borrower’s financial information

Over-reliance on projected net income instead of historical net income

Lack of independent analysis of participations purchased from other institutions

Lack of documentation regarding physical inspection of business and/or collateral

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Lack of follow-up process after loan closing to ensure receipt of all loan documentation

No evidence of insurance in place (expired insurance certificate in file)

Lack of system to confirm payment of taxes and renewal of insurance policies

Late receipt of financial statements (missing or outdated financial statements)

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Lack of documentation of agreement with borrower

Unrealistic action plan

Loan was not downgraded

Lack of evaluation of possible losses

Lack of documentation (phone calls/visits) of monitoring by loan officer

Lack of evidence of approval in file

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