Asset Servicing

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
  
  

Accounts Receivables Servicing
Cortland’s efficient and state of the art, on-boarding process and servicing platform provides an economical solution for your accounts receivables servicing & tracking needs. Features include:

• Monitoring and tracking of invoices, accruals and aging
• Daily status updates on invoice payments and receivables
• Set-up and maintenance of amortization schedules
• Tickler reminders for secured A/R (e.g. UCC expirations)
• Concentration risks within A/R portfolio
• Processing of invoice payments
• Maintenance of all historic data and documentation including link to image library to view ordinal invoices, assignments, UCC-1 and UCC-3 data