loan origination and closing the following document is posted by the low income investment fund...
TRANSCRIPT
![Page 1: Loan Origination and Closing The following document is posted by the Low Income Investment Fund (LIIF) in accordance with the requirements of the Fannie](https://reader037.vdocument.in/reader037/viewer/2022110403/56649e5f5503460f94b5920a/html5/thumbnails/1.jpg)
Loan Origination and ClosingLoan Origination and Closing
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
![Page 2: Loan Origination and Closing The following document is posted by the Low Income Investment Fund (LIIF) in accordance with the requirements of the Fannie](https://reader037.vdocument.in/reader037/viewer/2022110403/56649e5f5503460f94b5920a/html5/thumbnails/2.jpg)
Copyright 2002: LIIF
Loan Origination & ClosingLoan Origination & Closing
Borrower MarketingBorrower Marketing Project QualificationProject Qualification UnderwritingUnderwriting Loan ApprovalLoan Approval Loan CommitmentLoan Commitment Loan ClosingLoan Closing Post Closing Follow-upPost Closing Follow-up
Business ProcessesBusiness Processes
![Page 3: Loan Origination and Closing The following document is posted by the Low Income Investment Fund (LIIF) in accordance with the requirements of the Fannie](https://reader037.vdocument.in/reader037/viewer/2022110403/56649e5f5503460f94b5920a/html5/thumbnails/3.jpg)
Copyright 2002: LIIF
Loan Origination & ClosingLoan Origination & Closing
Borrower MarketingBorrower Marketing Project QualificationProject Qualification UnderwritingUnderwriting Loan ApprovalLoan Approval Loan CommitmentLoan Commitment Loan ClosingLoan Closing Post Closing Follow-upPost Closing Follow-up
Business ProcessesBusiness Processes
![Page 4: Loan Origination and Closing The following document is posted by the Low Income Investment Fund (LIIF) in accordance with the requirements of the Fannie](https://reader037.vdocument.in/reader037/viewer/2022110403/56649e5f5503460f94b5920a/html5/thumbnails/4.jpg)
Copyright 2002: LIIF
Borrower MarketingBorrower Marketing
![Page 5: Loan Origination and Closing The following document is posted by the Low Income Investment Fund (LIIF) in accordance with the requirements of the Fannie](https://reader037.vdocument.in/reader037/viewer/2022110403/56649e5f5503460f94b5920a/html5/thumbnails/5.jpg)
Copyright 2002: LIIF
Market LIHFProducts
MarketingProspects
LIHF LendingStaff
Borrower MarketingBorrower Marketing
![Page 6: Loan Origination and Closing The following document is posted by the Low Income Investment Fund (LIIF) in accordance with the requirements of the Fannie](https://reader037.vdocument.in/reader037/viewer/2022110403/56649e5f5503460f94b5920a/html5/thumbnails/6.jpg)
Copyright 2002: LIIF
Market LIHFProducts
MarketingProspects
SeekFundingSolution
MarketingMaterials
Sponsor / Borrower
LIHF LendingStaff
Borrower MarketingBorrower Marketing
![Page 7: Loan Origination and Closing The following document is posted by the Low Income Investment Fund (LIIF) in accordance with the requirements of the Fannie](https://reader037.vdocument.in/reader037/viewer/2022110403/56649e5f5503460f94b5920a/html5/thumbnails/7.jpg)
Copyright 2002: LIIF
Market LIHFProducts
MarketingProspects
SeekFundingSolution
Intention toPursue Loan
MarketingMaterials
Sponsor / Borrower
LIHF LendingStaff
Borrower MarketingBorrower Marketing
![Page 8: Loan Origination and Closing The following document is posted by the Low Income Investment Fund (LIIF) in accordance with the requirements of the Fannie](https://reader037.vdocument.in/reader037/viewer/2022110403/56649e5f5503460f94b5920a/html5/thumbnails/8.jpg)
Copyright 2002: LIIF
Market LIHFProducts
MarketingProspects
SeekFundingSolution
Intention toPursue Loan
InterestedSponsor List
MarketingMaterials
Sponsor / Borrower
LIHF LendingStaff
Borrower MarketingBorrower Marketing
![Page 9: Loan Origination and Closing The following document is posted by the Low Income Investment Fund (LIIF) in accordance with the requirements of the Fannie](https://reader037.vdocument.in/reader037/viewer/2022110403/56649e5f5503460f94b5920a/html5/thumbnails/9.jpg)
Copyright 2002: LIIF
Loan Origination & ClosingLoan Origination & Closing
Borrower MarketingBorrower Marketing Project QualificationProject Qualification UnderwritingUnderwriting Loan ApprovalLoan Approval Loan CommitmentLoan Commitment Loan ClosingLoan Closing Post Closing Follow-upPost Closing Follow-up
Business ProcessesBusiness Processes
![Page 10: Loan Origination and Closing The following document is posted by the Low Income Investment Fund (LIIF) in accordance with the requirements of the Fannie](https://reader037.vdocument.in/reader037/viewer/2022110403/56649e5f5503460f94b5920a/html5/thumbnails/10.jpg)
Copyright 2002: LIIF
Loan Origination & ClosingLoan Origination & Closing
Borrower MarketingBorrower Marketing Project QualificationProject Qualification UnderwritingUnderwriting Loan ApprovalLoan Approval Loan CommitmentLoan Commitment Loan ClosingLoan Closing Post Closing Follow-upPost Closing Follow-up
Business ProcessesBusiness Processes
![Page 11: Loan Origination and Closing The following document is posted by the Low Income Investment Fund (LIIF) in accordance with the requirements of the Fannie](https://reader037.vdocument.in/reader037/viewer/2022110403/56649e5f5503460f94b5920a/html5/thumbnails/11.jpg)
Copyright 2002: LIIF
Project QualificationProject Qualification
![Page 12: Loan Origination and Closing The following document is posted by the Low Income Investment Fund (LIIF) in accordance with the requirements of the Fannie](https://reader037.vdocument.in/reader037/viewer/2022110403/56649e5f5503460f94b5920a/html5/thumbnails/12.jpg)
Copyright 2002: LIIF
Project QualificationProject Qualification
QualifyProject and
Sponsor
InterestedSponsor List
LIHF LendingStaff
![Page 13: Loan Origination and Closing The following document is posted by the Low Income Investment Fund (LIIF) in accordance with the requirements of the Fannie](https://reader037.vdocument.in/reader037/viewer/2022110403/56649e5f5503460f94b5920a/html5/thumbnails/13.jpg)
Copyright 2002: LIIF
Project QualificationProject Qualification
QualifyProject and
Sponsor
InterestedSponsor List
Provide LoanInformation
Loan Guidelines,Requirements
and Pre-Application
Sponsor / Borrower
LIHF LendingStaff
![Page 14: Loan Origination and Closing The following document is posted by the Low Income Investment Fund (LIIF) in accordance with the requirements of the Fannie](https://reader037.vdocument.in/reader037/viewer/2022110403/56649e5f5503460f94b5920a/html5/thumbnails/14.jpg)
Copyright 2002: LIIF
Project QualificationProject Qualification
QualifyProject and
Sponsor
InterestedSponsor List
Provide LoanInformation
Filled outPre-Application
Loan Guidelines,Requirements
and Pre-Application
Sponsor / Borrower
LIHF LendingStaff
![Page 15: Loan Origination and Closing The following document is posted by the Low Income Investment Fund (LIIF) in accordance with the requirements of the Fannie](https://reader037.vdocument.in/reader037/viewer/2022110403/56649e5f5503460f94b5920a/html5/thumbnails/15.jpg)
Copyright 2002: LIIF
Project QualificationProject Qualification
QualifyProject and
Sponsor
InterestedSponsor List
Provide LoanInformation
Filled outPre-Application
Loan Guidelines,Requirements
and Pre-Application
Sponsor / Borrower
Letter ofIntention(Optional)
LIHF LendingStaff
![Page 16: Loan Origination and Closing The following document is posted by the Low Income Investment Fund (LIIF) in accordance with the requirements of the Fannie](https://reader037.vdocument.in/reader037/viewer/2022110403/56649e5f5503460f94b5920a/html5/thumbnails/16.jpg)
Copyright 2002: LIIF
Project QualificationProject Qualification
QualifyProject and
Sponsor
InterestedSponsor List
Provide LoanInformation
Filled outPre-Application
QualifiedProject List
Loan Guidelines,Requirements
and Pre-Application
Sponsor / Borrower
Letter ofIntention(Optional)
LIHF LendingStaff
![Page 17: Loan Origination and Closing The following document is posted by the Low Income Investment Fund (LIIF) in accordance with the requirements of the Fannie](https://reader037.vdocument.in/reader037/viewer/2022110403/56649e5f5503460f94b5920a/html5/thumbnails/17.jpg)
Copyright 2002: LIIF
Loan Origination & ClosingLoan Origination & Closing
Borrower MarketingBorrower Marketing Project QualificationProject Qualification UnderwritingUnderwriting Loan ApprovalLoan Approval Loan CommitmentLoan Commitment Loan ClosingLoan Closing Post Closing Follow-upPost Closing Follow-up
Business ProcessesBusiness Processes
![Page 18: Loan Origination and Closing The following document is posted by the Low Income Investment Fund (LIIF) in accordance with the requirements of the Fannie](https://reader037.vdocument.in/reader037/viewer/2022110403/56649e5f5503460f94b5920a/html5/thumbnails/18.jpg)
Copyright 2002: LIIF
Loan Origination & ClosingLoan Origination & Closing
Borrower MarketingBorrower Marketing Project QualificationProject Qualification UnderwritingUnderwriting Loan ApprovalLoan Approval Loan CommitmentLoan Commitment Loan ClosingLoan Closing Post Closing Follow-upPost Closing Follow-up
Business ProcessesBusiness Processes
![Page 19: Loan Origination and Closing The following document is posted by the Low Income Investment Fund (LIIF) in accordance with the requirements of the Fannie](https://reader037.vdocument.in/reader037/viewer/2022110403/56649e5f5503460f94b5920a/html5/thumbnails/19.jpg)
Copyright 2002: LIIF
UnderwritingUnderwriting
![Page 20: Loan Origination and Closing The following document is posted by the Low Income Investment Fund (LIIF) in accordance with the requirements of the Fannie](https://reader037.vdocument.in/reader037/viewer/2022110403/56649e5f5503460f94b5920a/html5/thumbnails/20.jpg)
Copyright 2002: LIIF
UnderwritingUnderwriting
PrepareNarrative
QualifiedProject List
LIHF LendingStaff
![Page 21: Loan Origination and Closing The following document is posted by the Low Income Investment Fund (LIIF) in accordance with the requirements of the Fannie](https://reader037.vdocument.in/reader037/viewer/2022110403/56649e5f5503460f94b5920a/html5/thumbnails/21.jpg)
Copyright 2002: LIIF
UnderwritingUnderwriting
PrepareNarrative
QualifiedProject List
LIHF LendingStaff Other Financial
Entities, i.e., project partners
InvestorUnderwriting
Criteria
![Page 22: Loan Origination and Closing The following document is posted by the Low Income Investment Fund (LIIF) in accordance with the requirements of the Fannie](https://reader037.vdocument.in/reader037/viewer/2022110403/56649e5f5503460f94b5920a/html5/thumbnails/22.jpg)
Copyright 2002: LIIF
UnderwritingUnderwriting
PrepareNarrative
QualifiedProject List
Provide DetailedLoan Data
ApplicationPacket
Borrower
LIHF LendingStaff
Other FinancialEntities, i.e.,
project partners
InvestorUnderwriting
Criteria
![Page 23: Loan Origination and Closing The following document is posted by the Low Income Investment Fund (LIIF) in accordance with the requirements of the Fannie](https://reader037.vdocument.in/reader037/viewer/2022110403/56649e5f5503460f94b5920a/html5/thumbnails/23.jpg)
Copyright 2002: LIIF
UnderwritingUnderwriting
PrepareNarrative
QualifiedProject List
Provide DetailedLoan Data
ApplicationPacket
Borrower
Independent Experts
and External ConsultantsAudits,
Appraisals,Surveys
LIHF LendingStaff
Other FinancialEntities, i.e.,
project partners
InvestorUnderwriting
Criteria
![Page 24: Loan Origination and Closing The following document is posted by the Low Income Investment Fund (LIIF) in accordance with the requirements of the Fannie](https://reader037.vdocument.in/reader037/viewer/2022110403/56649e5f5503460f94b5920a/html5/thumbnails/24.jpg)
Copyright 2002: LIIF
UnderwritingUnderwriting
PrepareNarrative
QualifiedProject List
Provide DetailedLoan Data
ApplicationFee
ApplicationPacket
Borrower
Independent Experts
and External ConsultantsAudits,
Appraisals,Surveys
Completed Application,Financial Reports,
Project and PropertyDocuments
Other FinancialEntities, i.e.,
project partners
InvestorUnderwriting
Criteria
LIHF LendingStaff
![Page 25: Loan Origination and Closing The following document is posted by the Low Income Investment Fund (LIIF) in accordance with the requirements of the Fannie](https://reader037.vdocument.in/reader037/viewer/2022110403/56649e5f5503460f94b5920a/html5/thumbnails/25.jpg)
Copyright 2002: LIIF
UnderwritingUnderwriting
PrepareNarrative
QualifiedProject List
Provide DetailedLoan Data
ApplicationFee
Loans PendingApproval
ApplicationPacket
Borrower
Independent Experts
and External ConsultantsAudits,
Appraisals,Surveys
Completed Application,Financial Reports,
Project and PropertyDocuments
Other FinancialEntities, i.e.,
project partners
InvestorUnderwriting
Criteria
LIHF LendingStaff
![Page 26: Loan Origination and Closing The following document is posted by the Low Income Investment Fund (LIIF) in accordance with the requirements of the Fannie](https://reader037.vdocument.in/reader037/viewer/2022110403/56649e5f5503460f94b5920a/html5/thumbnails/26.jpg)
Copyright 2002: LIIF
Loan Origination & ClosingLoan Origination & Closing
Borrower MarketingBorrower Marketing Project QualificationProject Qualification UnderwritingUnderwriting Loan ApprovalLoan Approval Loan CommitmentLoan Commitment Loan ClosingLoan Closing Post Closing Follow-upPost Closing Follow-up
Business ProcessesBusiness Processes
![Page 27: Loan Origination and Closing The following document is posted by the Low Income Investment Fund (LIIF) in accordance with the requirements of the Fannie](https://reader037.vdocument.in/reader037/viewer/2022110403/56649e5f5503460f94b5920a/html5/thumbnails/27.jpg)
Copyright 2002: LIIF
Loan Origination & ClosingLoan Origination & Closing
Borrower MarketingBorrower Marketing Project QualificationProject Qualification UnderwritingUnderwriting Loan ApprovalLoan Approval Loan CommitmentLoan Commitment Loan ClosingLoan Closing Post Closing Follow-upPost Closing Follow-up
Business ProcessesBusiness Processes
![Page 28: Loan Origination and Closing The following document is posted by the Low Income Investment Fund (LIIF) in accordance with the requirements of the Fannie](https://reader037.vdocument.in/reader037/viewer/2022110403/56649e5f5503460f94b5920a/html5/thumbnails/28.jpg)
Copyright 2002: LIIF
Loan ApprovalLoan Approval
![Page 29: Loan Origination and Closing The following document is posted by the Low Income Investment Fund (LIIF) in accordance with the requirements of the Fannie](https://reader037.vdocument.in/reader037/viewer/2022110403/56649e5f5503460f94b5920a/html5/thumbnails/29.jpg)
Copyright 2002: LIIF
Loan ApprovalLoan Approval
PresentLoan Packet
Loans Pending Approval
LIHF Lending Staff
![Page 30: Loan Origination and Closing The following document is posted by the Low Income Investment Fund (LIIF) in accordance with the requirements of the Fannie](https://reader037.vdocument.in/reader037/viewer/2022110403/56649e5f5503460f94b5920a/html5/thumbnails/30.jpg)
Copyright 2002: LIIF
Loan ApprovalLoan Approval
PresentLoan Packet
Loans Pending Approval
Review &Approve
Loan
LIHF Loan Committee(or Staff)
LIHF Lending Staff
LoanNarrative
![Page 31: Loan Origination and Closing The following document is posted by the Low Income Investment Fund (LIIF) in accordance with the requirements of the Fannie](https://reader037.vdocument.in/reader037/viewer/2022110403/56649e5f5503460f94b5920a/html5/thumbnails/31.jpg)
Copyright 2002: LIIF
Loan ApprovalLoan Approval
PresentLoan Packet
Loans Pending Approval
Review &Approve
Loan
Loan Approval(with conditions)
LIHF Loan Committee(or Staff)
LIHF Lending Staff
LoanNarrative
![Page 32: Loan Origination and Closing The following document is posted by the Low Income Investment Fund (LIIF) in accordance with the requirements of the Fannie](https://reader037.vdocument.in/reader037/viewer/2022110403/56649e5f5503460f94b5920a/html5/thumbnails/32.jpg)
Copyright 2002: LIIF
Loan ApprovalLoan Approval
PresentLoan Packet
Loans Pending Approval
Review &Approve
Loan
Loan Narrative
Loan Approval(with conditions)
LIHF Loan Committee(or Staff)
LIHF Lending Staff
LoanNarrative
Review &Approve Loan
Package
Other Financial Entities
![Page 33: Loan Origination and Closing The following document is posted by the Low Income Investment Fund (LIIF) in accordance with the requirements of the Fannie](https://reader037.vdocument.in/reader037/viewer/2022110403/56649e5f5503460f94b5920a/html5/thumbnails/33.jpg)
Copyright 2002: LIIF
Loan ApprovalLoan Approval
PresentLoan Packet
Loans Pending Approval
Review &Approve
Loan
Loan Narrative
Loan Approval(with conditions)
LIHF Loan Committee(or Staff)
LIHF Lending Staff
LoanNarrative Loan Approval
Review &Approve Loan
Package
Other Financial Entities
![Page 34: Loan Origination and Closing The following document is posted by the Low Income Investment Fund (LIIF) in accordance with the requirements of the Fannie](https://reader037.vdocument.in/reader037/viewer/2022110403/56649e5f5503460f94b5920a/html5/thumbnails/34.jpg)
Copyright 2002: LIIF
Loan ApprovalLoan Approval
PresentLoan Packet
Loans Pending Approval
Review &Approve
Loan
Loan Narrative
ApprovedLoans
Loan Approval(with conditions)
LIHF Loan Committee(or Staff)
LIHF Lending Staff
LoanNarrative Loan Approval
Review &Approve Loan
Package
Other Financial Entities
![Page 35: Loan Origination and Closing The following document is posted by the Low Income Investment Fund (LIIF) in accordance with the requirements of the Fannie](https://reader037.vdocument.in/reader037/viewer/2022110403/56649e5f5503460f94b5920a/html5/thumbnails/35.jpg)
Copyright 2002: LIIF
Loan Origination & ClosingLoan Origination & Closing
Borrower MarketingBorrower Marketing Project QualificationProject Qualification UnderwritingUnderwriting Loan ApprovalLoan Approval Loan CommitmentLoan Commitment Loan ClosingLoan Closing Post Closing Follow-upPost Closing Follow-up
Business ProcessesBusiness Processes
![Page 36: Loan Origination and Closing The following document is posted by the Low Income Investment Fund (LIIF) in accordance with the requirements of the Fannie](https://reader037.vdocument.in/reader037/viewer/2022110403/56649e5f5503460f94b5920a/html5/thumbnails/36.jpg)
Copyright 2002: LIIF
Loan Origination & ClosingLoan Origination & Closing
Borrower MarketingBorrower Marketing Project QualificationProject Qualification UnderwritingUnderwriting Loan ApprovalLoan Approval Loan CommitmentLoan Commitment Loan ClosingLoan Closing Post Closing Follow-upPost Closing Follow-up
Business ProcessesBusiness Processes
![Page 37: Loan Origination and Closing The following document is posted by the Low Income Investment Fund (LIIF) in accordance with the requirements of the Fannie](https://reader037.vdocument.in/reader037/viewer/2022110403/56649e5f5503460f94b5920a/html5/thumbnails/37.jpg)
Copyright 2002: LIIF
Loan CommitmentLoan Commitment
![Page 38: Loan Origination and Closing The following document is posted by the Low Income Investment Fund (LIIF) in accordance with the requirements of the Fannie](https://reader037.vdocument.in/reader037/viewer/2022110403/56649e5f5503460f94b5920a/html5/thumbnails/38.jpg)
Copyright 2002: LIIF
Loan CommitmentLoan Commitment
NegotiateCommitment
ApprovedLoans
LIHF Lending Staff
![Page 39: Loan Origination and Closing The following document is posted by the Low Income Investment Fund (LIIF) in accordance with the requirements of the Fannie](https://reader037.vdocument.in/reader037/viewer/2022110403/56649e5f5503460f94b5920a/html5/thumbnails/39.jpg)
Copyright 2002: LIIF
Loan CommitmentLoan Commitment
NegotiateCommitment
ApprovedLoans
LIHF Lending Staff
Accept / RejectLoan
Conditions
Borrower
Commitment Letter
![Page 40: Loan Origination and Closing The following document is posted by the Low Income Investment Fund (LIIF) in accordance with the requirements of the Fannie](https://reader037.vdocument.in/reader037/viewer/2022110403/56649e5f5503460f94b5920a/html5/thumbnails/40.jpg)
Copyright 2002: LIIF
Loan CommitmentLoan Commitment
NegotiateCommitment
ApprovedLoans
LIHF Lending Staff
Accept / RejectLoan
Conditions
Borrower
Commitment Letter
Request for Modifications
![Page 41: Loan Origination and Closing The following document is posted by the Low Income Investment Fund (LIIF) in accordance with the requirements of the Fannie](https://reader037.vdocument.in/reader037/viewer/2022110403/56649e5f5503460f94b5920a/html5/thumbnails/41.jpg)
Copyright 2002: LIIF
Loan CommitmentLoan Commitment
NegotiateCommitment
ApprovedLoans
LIHF Lending Staff
Accept / RejectLoan
Conditions
Borrower
Commitment Letter
Request for Modifications
ApproveLoan
Modifications
LIHF Loan Committee(or Staff)
Loan Change Request
![Page 42: Loan Origination and Closing The following document is posted by the Low Income Investment Fund (LIIF) in accordance with the requirements of the Fannie](https://reader037.vdocument.in/reader037/viewer/2022110403/56649e5f5503460f94b5920a/html5/thumbnails/42.jpg)
Copyright 2002: LIIF
Loan CommitmentLoan Commitment
NegotiateCommitment
ApprovedLoans
LIHF Lending Staff
Accept / RejectLoan
Conditions
Borrower
Commitment Letter
Request for Modifications
ApproveLoan
Modifications
LIHF Loan Committee(or Staff)
Loan Change Request
Loan Change Approval
![Page 43: Loan Origination and Closing The following document is posted by the Low Income Investment Fund (LIIF) in accordance with the requirements of the Fannie](https://reader037.vdocument.in/reader037/viewer/2022110403/56649e5f5503460f94b5920a/html5/thumbnails/43.jpg)
Copyright 2002: LIIF
Loan CommitmentLoan Commitment
NegotiateCommitment
ApprovedLoans
LIHF Lending Staff
Accept / RejectLoan
Conditions
Borrower
Commitment Letter(with modifications)
Request for Modifications
ApproveLoan
Modifications
LIHF Loan Committee(or Staff)
Loan Change Request
Loan Change Approval
![Page 44: Loan Origination and Closing The following document is posted by the Low Income Investment Fund (LIIF) in accordance with the requirements of the Fannie](https://reader037.vdocument.in/reader037/viewer/2022110403/56649e5f5503460f94b5920a/html5/thumbnails/44.jpg)
Copyright 2002: LIIF
Loan CommitmentLoan Commitment
NegotiateCommitment
ApprovedLoans
LIHF Lending Staff
Accept / RejectLoan
Conditions
Borrower
Commitment Letter(with modifications)
Signed Commitment Letter with
Commitment Fee
Request for Modifications
ApproveLoan
Modifications
LIHF Loan Committee(or Staff)
Loan Change Request
Loan Change Approval
![Page 45: Loan Origination and Closing The following document is posted by the Low Income Investment Fund (LIIF) in accordance with the requirements of the Fannie](https://reader037.vdocument.in/reader037/viewer/2022110403/56649e5f5503460f94b5920a/html5/thumbnails/45.jpg)
Copyright 2002: LIIF
Loan CommitmentLoan Commitment
NegotiateCommitment
ApprovedLoans
CommittedLoans
LIHF Lending Staff
Accept / RejectLoan
Conditions
Borrower
Commitment Letter(with modifications)
Signed Commitment Letter with
Commitment Fee
Request for Modifications
ApproveLoan
Modifications
LIHF Loan Committee(or Staff)
Loan Change Request
Loan Change Approval
![Page 46: Loan Origination and Closing The following document is posted by the Low Income Investment Fund (LIIF) in accordance with the requirements of the Fannie](https://reader037.vdocument.in/reader037/viewer/2022110403/56649e5f5503460f94b5920a/html5/thumbnails/46.jpg)
Copyright 2002: LIIF
Loan Origination & ClosingLoan Origination & Closing
Borrower MarketingBorrower Marketing Project QualificationProject Qualification UnderwritingUnderwriting Loan ApprovalLoan Approval Loan CommitmentLoan Commitment Loan ClosingLoan Closing Post Closing Follow-upPost Closing Follow-up
Business ProcessesBusiness Processes
![Page 47: Loan Origination and Closing The following document is posted by the Low Income Investment Fund (LIIF) in accordance with the requirements of the Fannie](https://reader037.vdocument.in/reader037/viewer/2022110403/56649e5f5503460f94b5920a/html5/thumbnails/47.jpg)
Copyright 2002: LIIF
Loan Origination & ClosingLoan Origination & Closing
Borrower MarketingBorrower Marketing Project QualificationProject Qualification UnderwritingUnderwriting Loan ApprovalLoan Approval Loan CommitmentLoan Commitment Loan ClosingLoan Closing Post Closing Follow-upPost Closing Follow-up
Business ProcessesBusiness Processes
![Page 48: Loan Origination and Closing The following document is posted by the Low Income Investment Fund (LIIF) in accordance with the requirements of the Fannie](https://reader037.vdocument.in/reader037/viewer/2022110403/56649e5f5503460f94b5920a/html5/thumbnails/48.jpg)
Copyright 2002: LIIF
Loan ClosingLoan Closing
![Page 49: Loan Origination and Closing The following document is posted by the Low Income Investment Fund (LIIF) in accordance with the requirements of the Fannie](https://reader037.vdocument.in/reader037/viewer/2022110403/56649e5f5503460f94b5920a/html5/thumbnails/49.jpg)
Copyright 2002: LIIF
Loan ClosingLoan Closing
Handle LoanClosing
CommittedLoans
LIHF Lending Staff
![Page 50: Loan Origination and Closing The following document is posted by the Low Income Investment Fund (LIIF) in accordance with the requirements of the Fannie](https://reader037.vdocument.in/reader037/viewer/2022110403/56649e5f5503460f94b5920a/html5/thumbnails/50.jpg)
Copyright 2002: LIIF
Loan ClosingLoan Closing
Handle LoanClosing
CommittedLoans
Fulfill LoanConditions
Borrower
LIHF Lending Staff
Check list ofClosing Documents
![Page 51: Loan Origination and Closing The following document is posted by the Low Income Investment Fund (LIIF) in accordance with the requirements of the Fannie](https://reader037.vdocument.in/reader037/viewer/2022110403/56649e5f5503460f94b5920a/html5/thumbnails/51.jpg)
Copyright 2002: LIIF
Loan ClosingLoan Closing
Handle LoanClosing
CommittedLoans
Fulfill LoanConditions
ClosingDocuments
Borrower
LIHF Lending Staff
Check list ofClosing Documents
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Copyright 2002: LIIF
Loan ClosingLoan Closing
Handle LoanClosing
CommittedLoans
Fulfill LoanConditions
Copies of Closing DocumentsClosing
Documents
Borrower
LIHF Lending Staff
Check list ofClosing Documents
Prepare Loan
Documents
Legal Counsel
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Copyright 2002: LIIF
Loan ClosingLoan Closing
Handle LoanClosing
CommittedLoans
Fulfill LoanConditions
Copies of Closing DocumentsClosing
Documents
Borrower
LIHF Lending Staff
Check list ofClosing Documents
Prepare Loan
Documents
Legal Counsel
Legal Loan Documents
![Page 54: Loan Origination and Closing The following document is posted by the Low Income Investment Fund (LIIF) in accordance with the requirements of the Fannie](https://reader037.vdocument.in/reader037/viewer/2022110403/56649e5f5503460f94b5920a/html5/thumbnails/54.jpg)
Copyright 2002: LIIF
Loan ClosingLoan Closing
Handle LoanClosing
CommittedLoans
Fulfill LoanConditions
Copies of Closing DocumentsClosing
Documents
Borrower
LIHF Lending Staff
Check list ofClosing Documents
Prepare Loan
Documents
Legal Counsel
Legal Loan Documents
Other FinancialEntities, i.e.,
project partners
Legal Loan Documents &Service Fee
![Page 55: Loan Origination and Closing The following document is posted by the Low Income Investment Fund (LIIF) in accordance with the requirements of the Fannie](https://reader037.vdocument.in/reader037/viewer/2022110403/56649e5f5503460f94b5920a/html5/thumbnails/55.jpg)
Copyright 2002: LIIF
Loan ClosingLoan Closing
Handle LoanClosing
CommittedLoans
Fulfill LoanConditions
Copies of Closing DocumentsClosing
Documents
Borrower
LIHF Lending Staff
Check list ofClosing Documents Loan
Documents
Prepare Loan
Documents
Legal Counsel
ExecuteLoan
Documents
Legal Loan Documents
Other FinancialEntities, i.e.,
project partners
Legal Loan Documents &Service Fee
Borrower
![Page 56: Loan Origination and Closing The following document is posted by the Low Income Investment Fund (LIIF) in accordance with the requirements of the Fannie](https://reader037.vdocument.in/reader037/viewer/2022110403/56649e5f5503460f94b5920a/html5/thumbnails/56.jpg)
Copyright 2002: LIIF
Loan ClosingLoan Closing
Handle LoanClosing
CommittedLoans
Fulfill LoanConditions
Copies of Closing DocumentsClosing
Documents
Borrower
LIHF Lending Staff
Check list ofClosing Documents Loan
Documents
Prepare Loan
Documents
Legal Counsel
ExecuteLoan
Documents
Borrower
Legal Loan Documents
Signed Documents
Other FinancialEntities, i.e.,
project partners
Legal Loan Documents &Service Fee
![Page 57: Loan Origination and Closing The following document is posted by the Low Income Investment Fund (LIIF) in accordance with the requirements of the Fannie](https://reader037.vdocument.in/reader037/viewer/2022110403/56649e5f5503460f94b5920a/html5/thumbnails/57.jpg)
Copyright 2002: LIIF
Loan ClosingLoan Closing
Handle LoanClosing
CommittedLoans
Fulfill LoanConditions
Copies of Closing DocumentsClosing
Documents
Borrower
LIHF Lending Staff
Check list ofClosing Documents Loan
Documents
Prepare Loan
Documents
Legal Counsel
ExecuteLoan
Documents
BorrowerLegal
Documents
Legal Loan Documents
Signed Documents
DocumentSafekeeping
Other FinancialEntities, i.e.,
project partners
Legal Loan Documents &Service Fee
![Page 58: Loan Origination and Closing The following document is posted by the Low Income Investment Fund (LIIF) in accordance with the requirements of the Fannie](https://reader037.vdocument.in/reader037/viewer/2022110403/56649e5f5503460f94b5920a/html5/thumbnails/58.jpg)
Copyright 2002: LIIF
Loan ClosingLoan Closing
Handle LoanClosing
CommittedLoans
Fulfill LoanConditions
Copies of Closing Documents
ClosedLoans
ClosingDocuments
Borrower
LIHF Lending Staff
Check list ofClosing Documents Loan
Documents
Prepare Loan
Documents
Legal Counsel
ExecuteLoan
Documents
BorrowerLegal
Documents
Legal Loan Documents
Signed Documents
DocumentSafekeeping
Other FinancialEntities, i.e.,
project partners
Legal Loan Documents &Service Fee
![Page 59: Loan Origination and Closing The following document is posted by the Low Income Investment Fund (LIIF) in accordance with the requirements of the Fannie](https://reader037.vdocument.in/reader037/viewer/2022110403/56649e5f5503460f94b5920a/html5/thumbnails/59.jpg)
Copyright 2002: LIIF
Loan Origination & ClosingLoan Origination & Closing
Borrower MarketingBorrower Marketing Project QualificationProject Qualification UnderwritingUnderwriting Loan ApprovalLoan Approval Loan CommitmentLoan Commitment Loan ClosingLoan Closing Post Closing Follow-upPost Closing Follow-up
Business ProcessesBusiness Processes
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Copyright 2002: LIIF
Loan Origination & ClosingLoan Origination & Closing
Borrower MarketingBorrower Marketing Project QualificationProject Qualification UnderwritingUnderwriting Loan ApprovalLoan Approval Loan CommitmentLoan Commitment Loan ClosingLoan Closing Post Closing Follow-upPost Closing Follow-up
Business ProcessesBusiness Processes
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Copyright 2002: LIIF
Post Closing Follow-upPost Closing Follow-up
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Copyright 2002: LIIF
Post Closing Follow-upPost Closing Follow-up
ClosedLoans
Follow up onClosed Loans
LIHF Lending Staff
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Copyright 2002: LIIF
Post Closing Follow-upPost Closing Follow-up
ClosedLoans
Follow up onClosed Loans
LIHF Lending Staff
Enter Loan in ServicingSystem
LIHF Finance Staff
Check / WireRequest
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Copyright 2002: LIIF
Post Closing Follow-upPost Closing Follow-up
ClosedLoans
ReviewServicing
Requirements
Borrower
Follow up onClosed Loans
LIHF Lending Staff
Enter Loan in ServicingSystem
LIHF Finance Staff
Check / WireRequest
LoanFunds
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Copyright 2002: LIIF
Post Closing Follow-upPost Closing Follow-up
ClosedLoans
ReviewServicing
Requirements
Borrower
Follow up onClosed Loans
LIHF Lending Staff
Post ClosingFollow-up Form
Enter Loan in ServicingSystem
LIHF Finance Staff
Check / WireRequest
LoanFunds
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Copyright 2002: LIIF
Post Closing Follow-upPost Closing Follow-up
ClosedLoans
ReviewServicing
Requirements
Borrower
Follow up onClosed Loans
LIHF Lending Staff
Post ClosingFollow-up Form
Enter Loan in ServicingSystem
LIHF Finance Staff
PaymentSchedule
Check / WireRequest
LoanFunds
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Copyright 2002: LIIF
Post Closing Follow-upPost Closing Follow-up
ClosedLoans
ReviewServicing
Requirements
Borrower
Follow up onClosed Loans
LIHF Lending Staff
Post ClosingFollow-up Form
Enter Loan in ServicingSystem
LIHF Finance Staff
PaymentSchedule
Check / WireRequest
LoanFunds
Loans ReceivableLedger
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Copyright 2002: LIIF
Post Closing Follow-upPost Closing Follow-up
ClosedLoans
ReviewServicing
RequirementsClosing Letter with Payment Schedule &
Monitoring Requirements Borrower
Follow up onClosed Loans
LIHF Lending Staff
Post ClosingFollow-up Form
Enter Loan in ServicingSystem
LIHF Finance Staff
PaymentSchedule
Check / WireRequest
LoanFunds
Loans ReceivableLedger
![Page 69: Loan Origination and Closing The following document is posted by the Low Income Investment Fund (LIIF) in accordance with the requirements of the Fannie](https://reader037.vdocument.in/reader037/viewer/2022110403/56649e5f5503460f94b5920a/html5/thumbnails/69.jpg)
Copyright 2002: LIIF
Post Closing Follow-upPost Closing Follow-up
ClosedLoans
ReviewServicing
Requirements
Loan Monitoring Status & History
Closing Letter with Payment Schedule &
Monitoring Requirements Borrower
Follow up onClosed Loans
LIHF Lending Staff
Post ClosingFollow-up Form
Enter Loan in ServicingSystem
LIHF Finance Staff
PaymentSchedule
Check / WireRequest
LoanFunds
Loans ReceivableLedger