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C&I Loan Servicing
Cortland’s asset servicing platform includes bank loan servicing for commercial loan portfolios typical of a
community or small regional bank, including SBA and USDA guaranteed loans. Cortland is providing outsourced
solutions to both originators and purchasers of conventional C&I loans. See our product page, here.
Bank Loan Services
An active member of the LSTA,
Cortland is experienced in all aspects of loan servicing for syndicated bank loans.
Backed by superior systems and a solid operational platform, our knowledgeable personnel serve as your single source of
information for the entire loan life cycle.
Bank Loan Administration
Through a quick and easy engagement and on-boarding process, Cortland delivers an economical solution for your loan administration needs. Services include:
- Monitoring and tracking of borrowings, rollovers and repayments
- Processing of principal, interest and fee payments
- Set-up and maintenance of amortization schedules
- Fund movement
- Web-based client interface for document management
- Electronic storage with convenient web-based access to agent fax notices
Bank Loan Trade Closing
Cortland leverages its existing relationships with trade counterparties, agent banks and third-party settlement agents to seamlessly manage the following aspects of your settlement process for par/near-par and distressed trades:
- Coordination and confirmation of settlement dates with trade counterparty and administrative agents
- Draft, review, execution and confirmation of trade documentation and funding memos
- Maintenance of all historic data and documentation
- Record settled trades in loan system
- Monitor accruals and activity
- Daily status update on pending trades
- Funds movement to/from counterparty and daily reconciliation of cash balances
Bank Loan Agency Services
Cortland provides cost-effective and efficient outsourcing solutions for firms who originate credits for broadly syndicated, middle market and “club” deals. Using a top-tier agent bank system, our experienced agency services professionals provide:
- A dedicated, single point of contact
- Knowledge of governing deal documents
- Collection and maintenance of lender information (administrative details, KYC, tax documentation, etc.)
- Communication with lender and borrower
- Distribution of activity notification
- Tracking of amendments/waivers
Bank Loan Data Services
Through our Data Service, Cortland provides web access to your bank loan portfolio with the ability to view positions, activity, and agent notices. We offer up-to-date, cost-effective and secure data via:
- Reconciliation with agent notices, available each morning on secure site
- A standardized data file to feed your vendor and proprietary systems including
portfolio administration, compliance/analytics, G/L and fund accounting applications
Commercial Loan Administration
An in-depth knowledge of industry programs, collateral types and their governing documents allows Cortland to offer comprehensive document custody services. We offer loan certification to identify document exceptions or deficiencies, loan releases with automated distribution, and assignment preparation and processing. Cortland ensures the safekeeping of your documentation through storage in Agency-approved, fire resistant facilities and offers bespoke formats for exception and loan status reports and periodic portfolio reconciliation.
Government Loan Servies
Cortland overseas the electronic or physical safekeeping of your securities and manages the settlement process and communication with prime brokers, counterparties, and/or clearing firms. Ongoing securities servicing includes daily P&L collections and reconciliation, trade confirmations and position maintenance.
Real Estates Securities Administraion
Cortland provides tailored portfolio administration solutions to hedge funds, opportunity funds, portfolio lenders and asset managers. Capabilities range from cash management to robust data services - including reporting, data aggregation, waterfall calculations and custom data feeds. Additional services are also available to assist in the administration of your portfolio including audit support, document exception clearing, paying agent services and more.
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