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Claus Lehmann
Site Admin
Anmeldedatum: 31.08.2007
Beiträge: 17873
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 Verfasst am: 28.04.2017, 21:36 Titel: Verfahren nach dem Lendy Kreditanträge prüft |
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Aus dem heutigen Newsletter. Beschreibung der Lendy* Kreditprüfung:
| Zitat: | ...But to do so we believe P2P platforms need to build on best practice in the lending market whilst also striving to provide excellent service to their customers and by ensuring rigorous due diligence is undertaken on every loan approved.
I touched on this in a previous update. But as due diligence is one of the most frequently asked questions I get asked, I thought it useful to explain the five key steps we take in our factual and legal investigations, research, analysis and discovery into the relevant borrower, their asset or assets, and any sponsor/or principal parties.
The five-step DD process
1. Initial due diligence
Our experienced business development managers carry out an extensive ‘know your customer’ (KYC) process when they first source a loan. Their checks include background searches into the prospective borrower, credit and anti-money laundering screenings, and, in most cases, interviews with the borrower.
2. Legal panel
After the loan has passed the first stage it is then reviewed by a member of our legal panel. The panel is made up of three Top 100 law firms; DAC Beachcroft, Shakespeares and Clarke Willmott, with all three law firms on holding a minimum of £10m professional indemnity (PI) insurance. For certain projects we also use Warner Goodman, which has £3m PI cover, and for loans secured against Scottish property Lendy* uses Gillespie MacAndrew, which has £25m PI cover.
Our solicitors ensure that a legal charge is properly made against each security property, and that each of the security properties has good title. The solicitors also ensure that if a borrower grants additional security, such as guarantees and debentures, that these securities are properly executed and enforceable.
3. Valuation
We use a number of highly rated independent firms to value security properties. Each firm will be a specialist in the region where the property is located. The firm will use a RICS registered valuer who is able to carry out a full red book valuation. They will also have significant PI cover.
4. Credit checks
Our Head of Credit, Mark Whitburn, previously at HSBC, with over 35 years’ credit processing experience, puts each lending proposition under extensive scrutiny to determine its viability. This will include an analysis of the borrower’s/sponsor’s and/or other principal parties’ experience, credit record, business plan and financial projections and forecasts with particular regard to the borrower’s financial situation including their ability to service the debt and repay the loan at maturity.
5. Credit Committee
Once the full process has been completed, our Credit Committee will then consider and approve each lending opportunity before it is put to investors on the platform.
An Independent Monitoring Surveyor (IMS), who will certify build costs and satisfactory progress of the development, then monitors progress of a development finance project. Drawdowns from the loan will be made based on the IMS interim reports. ... |
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Meine Investments (aktualisiert 03/22):
Laufend: Bondora*, Investly*, Estateguru*, Ablrate*, Moneything* (Rest), Crowdestate* (Rest), Fellow Finance* (Rest), October* (Rest), Linked Finance*, Lenndy* (Rest), Assetz*, Plenti, Neofinance* (Rest), Lendermarket*,
Beendet: Smava*, Auxmoney*, MyC4, Zidisha, Crosslend*, Lendico*, Omarahee, Lendy*, Bondmason, Finbee*, Bulkestate*, Zlty, Mintos*, Iuvo*, Robocash*, Viainvest*, Viventor*
Crowdinvesting: Seedrs*, Crowdcube, Housers* (Rest), Reinvest24*, Landex* |
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