fund administration the following document is posted by the low income investment fund (liif) in...

56
Fund Administration Fund Administration The following document is posted by the Low Income Investment Fund (LIIF) in accordance with the requirements of the Fannie Mae Foundation’s October 2001 grant in support of LIIF’s continued information technology (IT) development. Materials posted by LIIF outline the organization’s strategic IT plan, as well as document the implementation process of this plan. LIIF’s IT plan included customization of loan servicing software, report automation, impact statistics generation, fund administration, and asset liability monitoring. LIIF’s knowledge and experience developing this IT workplan is posted as an aid to other non- profit Community Development Financial Institutions (CDFIs) who may be generating their own IT workplan and who may find the subsequent materials helpful in that regard. Copyright 2002: LIIF

Upload: lorin-smith

Post on 03-Jan-2016

214 views

Category:

Documents


2 download

TRANSCRIPT

Page 1: Fund Administration The following document is posted by the Low Income Investment Fund (LIIF) in accordance with the requirements of the Fannie Mae Foundation’s

Fund AdministrationFund AdministrationThe following document is posted by the Low Income Investment Fund (LIIF) in accordance with the requirements of the Fannie Mae Foundation’s October 2001 grant in support of LIIF’s continued information technology (IT) development. Materials posted by LIIF outline the organization’s strategic IT plan, as well as document the implementation process of this plan. LIIF’s IT plan included customization of loan servicing software, report automation, impact statistics generation, fund administration, and asset liability monitoring. LIIF’s knowledge and experience developing this IT workplan is posted as an aid to other non-profit Community Development Financial Institutions (CDFIs) who may be generating their own IT workplan and who may find the subsequent materials helpful in that regard.

Copyright 2002: LIIF

Page 2: Fund Administration The following document is posted by the Low Income Investment Fund (LIIF) in accordance with the requirements of the Fannie Mae Foundation’s

Copyright 2002: LIIF

Fund AdministrationFund Administration

Fund SetupFund Setup Investor Loan ServicingInvestor Loan Servicing Investor Loan ExtensionsInvestor Loan Extensions Reserve AllocationReserve Allocation Fund AllocationFund Allocation Funder ReportingFunder Reporting Capital Requirements PlanningCapital Requirements Planning

Business ProcessesBusiness Processes

Page 3: Fund Administration The following document is posted by the Low Income Investment Fund (LIIF) in accordance with the requirements of the Fannie Mae Foundation’s

Copyright 2002: LIIF

Fund AdministrationFund Administration

Fund SetupFund Setup Investor Loan ServicingInvestor Loan Servicing Investor Loan ExtensionsInvestor Loan Extensions Reserve AllocationReserve Allocation Fund AllocationFund Allocation Funder ReportingFunder Reporting Capital Requirements PlanningCapital Requirements Planning

Business ProcessesBusiness Processes

Page 4: Fund Administration The following document is posted by the Low Income Investment Fund (LIIF) in accordance with the requirements of the Fannie Mae Foundation’s

Copyright 2002: LIIF

Fund SetupFund Setup

Page 5: Fund Administration The following document is posted by the Low Income Investment Fund (LIIF) in accordance with the requirements of the Fannie Mae Foundation’s

Copyright 2002: LIIF

Fund SetupFund Setup

New Grant / LoanTerms & Payment

Set Up Grant / Loan

LIHF Finance Staff

Page 6: Fund Administration The following document is posted by the Low Income Investment Fund (LIIF) in accordance with the requirements of the Fannie Mae Foundation’s

Copyright 2002: LIIF

Fund SetupFund Setup

New Grant / LoanTerms & Payment

Set Up Grant / Loan

LIHF’SBank Deposit (if LIHF is principal)

LIHF Finance Staff

Page 7: Fund Administration The following document is posted by the Low Income Investment Fund (LIIF) in accordance with the requirements of the Fannie Mae Foundation’s

Copyright 2002: LIIF

Fund SetupFund Setup

New Grant / LoanTerms & Payment

Set Up Grant / Loan

CapitalFunds

LIHF’SBank Deposit (if LIHF is principal)

LIHF Finance Staff

Page 8: Fund Administration The following document is posted by the Low Income Investment Fund (LIIF) in accordance with the requirements of the Fannie Mae Foundation’s

Copyright 2002: LIIF

Fund SetupFund Setup

New Grant / LoanTerms & Payment

Set Up Grant / Loan

CapitalFunds

LIHF’SBank Deposit (if LIHF is principal)

CurrentFunders

LIHF Finance Staff

Page 9: Fund Administration The following document is posted by the Low Income Investment Fund (LIIF) in accordance with the requirements of the Fannie Mae Foundation’s

Copyright 2002: LIIF

Fund SetupFund Setup

New Grant / LoanTerms & Payment

Set Up Grant / Loan

CapitalFunds

Loans PayableLedger

LIHF’SBank Deposit (if LIHF is principal)

CurrentFunders

LIHF Finance Staff

Page 10: Fund Administration The following document is posted by the Low Income Investment Fund (LIIF) in accordance with the requirements of the Fannie Mae Foundation’s

Copyright 2002: LIIF

Fund SetupFund Setup

New Grant / LoanTerms & Payment

Set Up Grant / Loan

CapitalFunds

Loans PayableLedger

LIHF’SBank Deposit (if LIHF is principal)

CurrentFunders

LIHF Finance Staff

GrantsLedger

Page 11: Fund Administration The following document is posted by the Low Income Investment Fund (LIIF) in accordance with the requirements of the Fannie Mae Foundation’s

Copyright 2002: LIIF

Fund AdministrationFund Administration

Fund SetupFund Setup Investor Loan ServicingInvestor Loan Servicing Investor Loan ExtensionsInvestor Loan Extensions Reserve AllocationReserve Allocation Fund AllocationFund Allocation Funder ReportingFunder Reporting Capital Requirements PlanningCapital Requirements Planning

Business ProcessesBusiness Processes

Page 12: Fund Administration The following document is posted by the Low Income Investment Fund (LIIF) in accordance with the requirements of the Fannie Mae Foundation’s

Copyright 2002: LIIF

Fund AdministrationFund Administration

Fund SetupFund Setup Investor Loan ServicingInvestor Loan Servicing Investor Loan ExtensionsInvestor Loan Extensions Reserve AllocationReserve Allocation Fund AllocationFund Allocation Funder ReportingFunder Reporting Capital Requirements PlanningCapital Requirements Planning

Business ProcessesBusiness Processes

Page 13: Fund Administration The following document is posted by the Low Income Investment Fund (LIIF) in accordance with the requirements of the Fannie Mae Foundation’s

Copyright 2002: LIIF

Investor Loan ServicingInvestor Loan Servicing

Page 14: Fund Administration The following document is posted by the Low Income Investment Fund (LIIF) in accordance with the requirements of the Fannie Mae Foundation’s

Copyright 2002: LIIF

Investor Loan ServicingInvestor Loan Servicing

Remit InvestorPayments

Loans PayableLedger

LIHF Finance Staff

Page 15: Fund Administration The following document is posted by the Low Income Investment Fund (LIIF) in accordance with the requirements of the Fannie Mae Foundation’s

Copyright 2002: LIIF

Investor Loan ServicingInvestor Loan Servicing

Remit InvestorPayments

CapitalFunds

Loans PayableLedger

Balances

LIHF Finance Staff

Page 16: Fund Administration The following document is posted by the Low Income Investment Fund (LIIF) in accordance with the requirements of the Fannie Mae Foundation’s

Copyright 2002: LIIF

Investor Loan ServicingInvestor Loan Servicing

Remit InvestorPayments

CapitalFunds

Loans PayableLedger

Investor

Repayment P & I (Periodic or Final)

Balances

LIHF Finance Staff

Page 17: Fund Administration The following document is posted by the Low Income Investment Fund (LIIF) in accordance with the requirements of the Fannie Mae Foundation’s

Copyright 2002: LIIF

Investor Loan ServicingInvestor Loan Servicing

Remit InvestorPayments

CapitalFunds

Loans PayableLedger

Investor

Repayment P & I (Periodic or Final)

InvestorRepayment History

Balances

LIHF Finance Staff

Page 18: Fund Administration The following document is posted by the Low Income Investment Fund (LIIF) in accordance with the requirements of the Fannie Mae Foundation’s

Copyright 2002: LIIF

Fund AdministrationFund Administration

Fund SetupFund Setup Investor Loan ServicingInvestor Loan Servicing Investor Loan ExtensionsInvestor Loan Extensions Reserve AllocationReserve Allocation Fund AllocationFund Allocation Funder ReportingFunder Reporting Capital Requirements PlanningCapital Requirements Planning

Business ProcessesBusiness Processes

Page 19: Fund Administration The following document is posted by the Low Income Investment Fund (LIIF) in accordance with the requirements of the Fannie Mae Foundation’s

Copyright 2002: LIIF

Fund AdministrationFund Administration

Fund SetupFund Setup Investor Loan ServicingInvestor Loan Servicing Investor Loan ExtensionsInvestor Loan Extensions Reserve AllocationReserve Allocation Fund AllocationFund Allocation Funder ReportingFunder Reporting Capital Requirements PlanningCapital Requirements Planning

Business ProcessesBusiness Processes

Page 20: Fund Administration The following document is posted by the Low Income Investment Fund (LIIF) in accordance with the requirements of the Fannie Mae Foundation’s

Copyright 2002: LIIF

Investor Loan ExtensionsInvestor Loan Extensions

Page 21: Fund Administration The following document is posted by the Low Income Investment Fund (LIIF) in accordance with the requirements of the Fannie Mae Foundation’s

Copyright 2002: LIIF

Investor Loan ExtensionsInvestor Loan Extensions

Handle Funding

Extensions

Loan MaturityListing

LIHF Finance Staff

Page 22: Fund Administration The following document is posted by the Low Income Investment Fund (LIIF) in accordance with the requirements of the Fannie Mae Foundation’s

Copyright 2002: LIIF

Investor Loan ExtensionsInvestor Loan Extensions

Handle Funding

Extensions

Loan MaturityListing

Loan RolloverRequest

LIHF Finance Staff

Accept/RejectRolloverRequest

Investor

Page 23: Fund Administration The following document is posted by the Low Income Investment Fund (LIIF) in accordance with the requirements of the Fannie Mae Foundation’s

Copyright 2002: LIIF

Investor Loan ExtensionsInvestor Loan Extensions

Handle Funding

Extensions

Loan MaturityListing

Loan RolloverRequest

LIHF Finance Staff

Accept/RejectRolloverRequest

Investor

Loan RolloverAgreement

Page 24: Fund Administration The following document is posted by the Low Income Investment Fund (LIIF) in accordance with the requirements of the Fannie Mae Foundation’s

Copyright 2002: LIIF

Investor Loan ExtensionsInvestor Loan Extensions

Handle Funding

Extensions

Loan MaturityListing

Loan RolloverRequest

LIHF Finance Staff

Accept/RejectRolloverRequest

Investor

Loan RolloverAgreement

Loans PayableLedger

Page 25: Fund Administration The following document is posted by the Low Income Investment Fund (LIIF) in accordance with the requirements of the Fannie Mae Foundation’s

Copyright 2002: LIIF

Investor Loan ExtensionsInvestor Loan Extensions

Handle Funding

Extensions

Loan MaturityListing

Loan RolloverRequest

LIHF Finance Staff

Accept/RejectRolloverRequest

Investor

Loan RolloverAgreement

Loans PayableLedger

LoanChange Log

Page 26: Fund Administration The following document is posted by the Low Income Investment Fund (LIIF) in accordance with the requirements of the Fannie Mae Foundation’s

Copyright 2002: LIIF

Fund AdministrationFund Administration

Fund SetupFund Setup Investor Loan ServicingInvestor Loan Servicing Investor Loan ExtensionsInvestor Loan Extensions Reserve AllocationReserve Allocation Fund AllocationFund Allocation Funder ReportingFunder Reporting Capital Requirements PlanningCapital Requirements Planning

Business ProcessesBusiness Processes

Page 27: Fund Administration The following document is posted by the Low Income Investment Fund (LIIF) in accordance with the requirements of the Fannie Mae Foundation’s

Copyright 2002: LIIF

Fund AdministrationFund Administration

Fund SetupFund Setup Investor Loan ServicingInvestor Loan Servicing Investor Loan ExtensionsInvestor Loan Extensions Reserve AllocationReserve Allocation Fund AllocationFund Allocation Funder ReportingFunder Reporting Capital Requirements PlanningCapital Requirements Planning

Business ProcessesBusiness Processes

Page 28: Fund Administration The following document is posted by the Low Income Investment Fund (LIIF) in accordance with the requirements of the Fannie Mae Foundation’s

Copyright 2002: LIIF

Reserve AllocationReserve Allocation

Page 29: Fund Administration The following document is posted by the Low Income Investment Fund (LIIF) in accordance with the requirements of the Fannie Mae Foundation’s

Copyright 2002: LIIF

Reserve AllocationReserve Allocation

AllocateReserves

Loan RiskRatings

LIHF Finance Staff

Page 30: Fund Administration The following document is posted by the Low Income Investment Fund (LIIF) in accordance with the requirements of the Fannie Mae Foundation’s

Copyright 2002: LIIF

Reserve AllocationReserve Allocation

AllocateReserves

Loan RiskRatings

ReservePolicy

LIHF Finance Staff

Page 31: Fund Administration The following document is posted by the Low Income Investment Fund (LIIF) in accordance with the requirements of the Fannie Mae Foundation’s

Copyright 2002: LIIF

Reserve AllocationReserve Allocation

AllocateReserves

CapitalFunds

Loan RiskRatings

ReservePolicy

LIHF Finance Staff

Page 32: Fund Administration The following document is posted by the Low Income Investment Fund (LIIF) in accordance with the requirements of the Fannie Mae Foundation’s

Copyright 2002: LIIF

Reserve AllocationReserve Allocation

AllocateReserves

CapitalFunds

ActiveLoans

Loan RiskRatings

ReservePolicy

LIHF Finance Staff

Page 33: Fund Administration The following document is posted by the Low Income Investment Fund (LIIF) in accordance with the requirements of the Fannie Mae Foundation’s

Copyright 2002: LIIF

Reserve AllocationReserve Allocation

AllocateReserves

CapitalFunds

ActiveLoans

ReserveAllocations

Loan RiskRatings

ReservePolicy

Liquidity ReservesLoan Loss Reserves

LIHF Finance Staff

Page 34: Fund Administration The following document is posted by the Low Income Investment Fund (LIIF) in accordance with the requirements of the Fannie Mae Foundation’s

Copyright 2002: LIIF

Fund AdministrationFund Administration

Fund SetupFund Setup Investor Loan ServicingInvestor Loan Servicing Investor Loan ExtensionsInvestor Loan Extensions Reserve AllocationReserve Allocation Fund AllocationFund Allocation Funder ReportingFunder Reporting Capital Requirements PlanningCapital Requirements Planning

Business ProcessesBusiness Processes

Page 35: Fund Administration The following document is posted by the Low Income Investment Fund (LIIF) in accordance with the requirements of the Fannie Mae Foundation’s

Copyright 2002: LIIF

Fund AdministrationFund Administration

Fund SetupFund Setup Investor Loan ServicingInvestor Loan Servicing Investor Loan ExtensionsInvestor Loan Extensions Reserve AllocationReserve Allocation Fund AllocationFund Allocation Funder ReportingFunder Reporting Capital Requirements PlanningCapital Requirements Planning

Business ProcessesBusiness Processes

Page 36: Fund Administration The following document is posted by the Low Income Investment Fund (LIIF) in accordance with the requirements of the Fannie Mae Foundation’s

Copyright 2002: LIIF

Fund AllocationFund Allocation

Page 37: Fund Administration The following document is posted by the Low Income Investment Fund (LIIF) in accordance with the requirements of the Fannie Mae Foundation’s

Copyright 2002: LIIF

Fund AllocationFund Allocation

AllocateFunds

CapitalFunds

Current BalancesGeographic RestrictionsPopulation Restrictions

LIHF Finance Staff

Page 38: Fund Administration The following document is posted by the Low Income Investment Fund (LIIF) in accordance with the requirements of the Fannie Mae Foundation’s

Copyright 2002: LIIF

Fund AllocationFund Allocation

AllocateFunds

CapitalFunds

ActiveLoans

Current BalancesGeographic RestrictionsPopulation Restrictions

Current BalancesGeographic LocationsTarget Populations

LIHF Finance Staff

Page 39: Fund Administration The following document is posted by the Low Income Investment Fund (LIIF) in accordance with the requirements of the Fannie Mae Foundation’s

Copyright 2002: LIIF

Fund AllocationFund Allocation

AllocateFunds

CapitalFunds

ActiveLoans

FundAllocations

Current BalancesGeographic RestrictionsPopulation Restrictions

Current BalancesGeographic LocationsTarget Populations

LIHF Finance Staff

Page 40: Fund Administration The following document is posted by the Low Income Investment Fund (LIIF) in accordance with the requirements of the Fannie Mae Foundation’s

Copyright 2002: LIIF

Fund AllocationFund Allocation

AllocateFunds

CapitalFunds

ActiveLoans

FundAllocations

Unallocated Funds / Loans

Current BalancesGeographic RestrictionsPopulation Restrictions

Current BalancesGeographic LocationsTarget Populations

LIHF Finance Staff

Page 41: Fund Administration The following document is posted by the Low Income Investment Fund (LIIF) in accordance with the requirements of the Fannie Mae Foundation’s

Copyright 2002: LIIF

Fund AdministrationFund Administration

Fund SetupFund Setup Investor Loan ServicingInvestor Loan Servicing Investor Loan ExtensionsInvestor Loan Extensions Reserve AllocationReserve Allocation Fund AllocationFund Allocation Funder ReportingFunder Reporting Capital Requirements PlanningCapital Requirements Planning

Business ProcessesBusiness Processes

Page 42: Fund Administration The following document is posted by the Low Income Investment Fund (LIIF) in accordance with the requirements of the Fannie Mae Foundation’s

Copyright 2002: LIIF

Fund AdministrationFund Administration

Fund SetupFund Setup Investor Loan ServicingInvestor Loan Servicing Investor Loan ExtensionsInvestor Loan Extensions Reserve AllocationReserve Allocation Fund AllocationFund Allocation Funder ReportingFunder Reporting Capital Requirements PlanningCapital Requirements Planning

Business ProcessesBusiness Processes

Page 43: Fund Administration The following document is posted by the Low Income Investment Fund (LIIF) in accordance with the requirements of the Fannie Mae Foundation’s

Copyright 2002: LIIF

Funder ReportingFunder Reporting

Page 44: Fund Administration The following document is posted by the Low Income Investment Fund (LIIF) in accordance with the requirements of the Fannie Mae Foundation’s

Copyright 2002: LIIF

Funder ReportingFunder Reporting

Produce Scheduled

ActivityReports

LIHF Operations Staff

Grant / InvestmentReporting Requirements

Page 45: Fund Administration The following document is posted by the Low Income Investment Fund (LIIF) in accordance with the requirements of the Fannie Mae Foundation’s

Copyright 2002: LIIF

Funder ReportingFunder Reporting

Produce Scheduled

ActivityReports

LIHF Operations Staff

Grant / InvestmentReporting Requirements

FundAllocations

Page 46: Fund Administration The following document is posted by the Low Income Investment Fund (LIIF) in accordance with the requirements of the Fannie Mae Foundation’s

Copyright 2002: LIIF

Funder ReportingFunder Reporting

Produce Scheduled

ActivityReports

LIHF Operations Staff

Grant / InvestmentReporting Requirements

CurrentFunders

FundAllocations

ActiveLoans

CapitalFunds

Page 47: Fund Administration The following document is posted by the Low Income Investment Fund (LIIF) in accordance with the requirements of the Fannie Mae Foundation’s

Copyright 2002: LIIF

Funder ReportingFunder Reporting

Produce Scheduled

ActivityReports

LIHF Operations Staff

Grant / InvestmentReporting Requirements

CurrentFunders

FundAllocations

ActiveLoans

Investor

Activity Reports

CapitalFunds

Page 48: Fund Administration The following document is posted by the Low Income Investment Fund (LIIF) in accordance with the requirements of the Fannie Mae Foundation’s

Copyright 2002: LIIF

Fund AdministrationFund Administration

Fund SetupFund Setup Investor Loan ServicingInvestor Loan Servicing Investor Loan ExtensionsInvestor Loan Extensions Reserve AllocationReserve Allocation Fund AllocationFund Allocation Funder ReportingFunder Reporting Capital Requirements PlanningCapital Requirements Planning

Business ProcessesBusiness Processes

Page 49: Fund Administration The following document is posted by the Low Income Investment Fund (LIIF) in accordance with the requirements of the Fannie Mae Foundation’s

Copyright 2002: LIIF

Fund AdministrationFund Administration

Fund SetupFund Setup Investor Loan ServicingInvestor Loan Servicing Investor Loan ExtensionsInvestor Loan Extensions Reserve AllocationReserve Allocation Fund AllocationFund Allocation Funder ReportingFunder Reporting Capital Requirements PlanningCapital Requirements Planning

Business ProcessesBusiness Processes

Page 50: Fund Administration The following document is posted by the Low Income Investment Fund (LIIF) in accordance with the requirements of the Fannie Mae Foundation’s

Copyright 2002: LIIF

Capital Requirements PlanningCapital Requirements Planning

Page 51: Fund Administration The following document is posted by the Low Income Investment Fund (LIIF) in accordance with the requirements of the Fannie Mae Foundation’s

Copyright 2002: LIIF

Capital Requirements PlanningCapital Requirements Planning

PlanCapital

Requirements

LIHF Operations Staff

Fund Administration

System

Active Loans& Grants

Actual Sources

Page 52: Fund Administration The following document is posted by the Low Income Investment Fund (LIIF) in accordance with the requirements of the Fannie Mae Foundation’s

Copyright 2002: LIIF

Capital Requirements PlanningCapital Requirements Planning

PlanCapital

Requirements

LIHF Operations Staff

Fund Administration

System

Active Loans& Grants

LoanAdministration

System

ActiveLoans

Actual NeedsActual Sources

Page 53: Fund Administration The following document is posted by the Low Income Investment Fund (LIIF) in accordance with the requirements of the Fannie Mae Foundation’s

Copyright 2002: LIIF

Capital Requirements PlanningCapital Requirements Planning

PlanCapital

Requirements

LIHF Operations Staff

Fund Administration

System

FundRaisingSystem

Active Loans& Grants

LoanAdministration

System

CommittedFunders

ActiveLoans

Actual Needs Projected Sources Actual Sources

Page 54: Fund Administration The following document is posted by the Low Income Investment Fund (LIIF) in accordance with the requirements of the Fannie Mae Foundation’s

Copyright 2002: LIIF

Capital Requirements PlanningCapital Requirements Planning

PlanCapital

Requirements

LIHF Operations Staff

Fund Administration

System

FundRaisingSystem

CommittedLoans

LoanOrigination

System

Active Loans& Grants

LoanAdministration

System

CommittedFunders

ActiveLoans

Actual Needs Projected Sources Actual Sources Projected Needs

Page 55: Fund Administration The following document is posted by the Low Income Investment Fund (LIIF) in accordance with the requirements of the Fannie Mae Foundation’s

Copyright 2002: LIIF

Capital Requirements PlanningCapital Requirements Planning

PlanCapital

Requirements

LIHF Operations Staff

Available Funds (By Restriction & Term)

Fund Administration

System

FundRaisingSystem

CommittedLoans

LoanOrigination

System

Active Loans& Grants

LoanAdministration

System

CommittedFunders

ActiveLoans

Actual Needs Projected Sources Actual Sources Projected Needs

Page 56: Fund Administration The following document is posted by the Low Income Investment Fund (LIIF) in accordance with the requirements of the Fannie Mae Foundation’s

Copyright 2002: LIIF

Capital Requirements PlanningCapital Requirements Planning

PlanCapital

Requirements

LIHF Operations Staff

Available Funds (By Restriction & Term)

Fund Administration

System

FundRaisingSystem

CommittedLoans

LoanOrigination

System

Active Loans& Grants

LoanAdministration

System

CommittedFundersActive

Loans

Cash FlowProjections

Actual Needs Projected Sources Actual Sources Projected Needs