fund administration the following document is posted by the low income investment fund (liif) in...
TRANSCRIPT
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
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
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
Copyright 2002: LIIF
Fund SetupFund Setup
Copyright 2002: LIIF
Fund SetupFund Setup
New Grant / LoanTerms & Payment
Set Up Grant / Loan
LIHF Finance Staff
Copyright 2002: LIIF
Fund SetupFund Setup
New Grant / LoanTerms & Payment
Set Up Grant / Loan
LIHF’SBank Deposit (if LIHF is principal)
LIHF Finance Staff
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
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
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
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
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
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
Copyright 2002: LIIF
Investor Loan ServicingInvestor Loan Servicing
Copyright 2002: LIIF
Investor Loan ServicingInvestor Loan Servicing
Remit InvestorPayments
Loans PayableLedger
LIHF Finance Staff
Copyright 2002: LIIF
Investor Loan ServicingInvestor Loan Servicing
Remit InvestorPayments
CapitalFunds
Loans PayableLedger
Balances
LIHF Finance Staff
Copyright 2002: LIIF
Investor Loan ServicingInvestor Loan Servicing
Remit InvestorPayments
CapitalFunds
Loans PayableLedger
Investor
Repayment P & I (Periodic or Final)
Balances
LIHF Finance Staff
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
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
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
Copyright 2002: LIIF
Investor Loan ExtensionsInvestor Loan Extensions
Copyright 2002: LIIF
Investor Loan ExtensionsInvestor Loan Extensions
Handle Funding
Extensions
Loan MaturityListing
LIHF Finance Staff
Copyright 2002: LIIF
Investor Loan ExtensionsInvestor Loan Extensions
Handle Funding
Extensions
Loan MaturityListing
Loan RolloverRequest
LIHF Finance Staff
Accept/RejectRolloverRequest
Investor
Copyright 2002: LIIF
Investor Loan ExtensionsInvestor Loan Extensions
Handle Funding
Extensions
Loan MaturityListing
Loan RolloverRequest
LIHF Finance Staff
Accept/RejectRolloverRequest
Investor
Loan RolloverAgreement
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
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
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
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
Copyright 2002: LIIF
Reserve AllocationReserve Allocation
Copyright 2002: LIIF
Reserve AllocationReserve Allocation
AllocateReserves
Loan RiskRatings
LIHF Finance Staff
Copyright 2002: LIIF
Reserve AllocationReserve Allocation
AllocateReserves
Loan RiskRatings
ReservePolicy
LIHF Finance Staff
Copyright 2002: LIIF
Reserve AllocationReserve Allocation
AllocateReserves
CapitalFunds
Loan RiskRatings
ReservePolicy
LIHF Finance Staff
Copyright 2002: LIIF
Reserve AllocationReserve Allocation
AllocateReserves
CapitalFunds
ActiveLoans
Loan RiskRatings
ReservePolicy
LIHF Finance Staff
Copyright 2002: LIIF
Reserve AllocationReserve Allocation
AllocateReserves
CapitalFunds
ActiveLoans
ReserveAllocations
Loan RiskRatings
ReservePolicy
Liquidity ReservesLoan Loss Reserves
LIHF Finance Staff
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
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
Copyright 2002: LIIF
Fund AllocationFund Allocation
Copyright 2002: LIIF
Fund AllocationFund Allocation
AllocateFunds
CapitalFunds
Current BalancesGeographic RestrictionsPopulation Restrictions
LIHF Finance Staff
Copyright 2002: LIIF
Fund AllocationFund Allocation
AllocateFunds
CapitalFunds
ActiveLoans
Current BalancesGeographic RestrictionsPopulation Restrictions
Current BalancesGeographic LocationsTarget Populations
LIHF Finance Staff
Copyright 2002: LIIF
Fund AllocationFund Allocation
AllocateFunds
CapitalFunds
ActiveLoans
FundAllocations
Current BalancesGeographic RestrictionsPopulation Restrictions
Current BalancesGeographic LocationsTarget Populations
LIHF Finance Staff
Copyright 2002: LIIF
Fund AllocationFund Allocation
AllocateFunds
CapitalFunds
ActiveLoans
FundAllocations
Unallocated Funds / Loans
Current BalancesGeographic RestrictionsPopulation Restrictions
Current BalancesGeographic LocationsTarget Populations
LIHF Finance Staff
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
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
Copyright 2002: LIIF
Funder ReportingFunder Reporting
Copyright 2002: LIIF
Funder ReportingFunder Reporting
Produce Scheduled
ActivityReports
LIHF Operations Staff
Grant / InvestmentReporting Requirements
Copyright 2002: LIIF
Funder ReportingFunder Reporting
Produce Scheduled
ActivityReports
LIHF Operations Staff
Grant / InvestmentReporting Requirements
FundAllocations
Copyright 2002: LIIF
Funder ReportingFunder Reporting
Produce Scheduled
ActivityReports
LIHF Operations Staff
Grant / InvestmentReporting Requirements
CurrentFunders
FundAllocations
ActiveLoans
CapitalFunds
Copyright 2002: LIIF
Funder ReportingFunder Reporting
Produce Scheduled
ActivityReports
LIHF Operations Staff
Grant / InvestmentReporting Requirements
CurrentFunders
FundAllocations
ActiveLoans
Investor
Activity Reports
CapitalFunds
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
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
Copyright 2002: LIIF
Capital Requirements PlanningCapital Requirements Planning
Copyright 2002: LIIF
Capital Requirements PlanningCapital Requirements Planning
PlanCapital
Requirements
LIHF Operations Staff
Fund Administration
System
Active Loans& Grants
Actual Sources
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
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
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
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
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