PrecisionLender Andi® Skills

Overview

This article will cover the standard Andi® skills that are available in PrecisionLender.

In this Article

Info Tags

Current Text Explanation
Payment at the current rate: [Payment Amount] This appears in the initial rate field and lets you know what the current monthly payment is.
Payment after adjustment at the current spread Indicates a payment after adjustment at the current spread.
Have you asked the borrower if they'd consider a Floating or Adjustable rate? Suggests that changing the Rate Type to a Floating rate or an Adjustable rate will reach the target.
The Interest Only Period is in effect This displays when you've elected an interest only period in the Amortization field.
Remaining Balance is [x] in month [y]

Displays what the remaining balance of the loan is and in what month.

This rate is indicative at today's rates but will be set at CLOSING at [x]% spread over [y(index)] In the Rate field, this message explains when and how the final rate will be determined.  By default, PrecisionLender assumes that the customer will bear all interest rate risk until the Opportunity is closed, and uses a rate that is Spread Locked.
This rate is indicative at today's rates but will be set at CLOSING at [x]% spread over [y(index)] with a floor of [z] In the Rate field, this message explains when and how the final rate will be determined and with what floor.  By default, PrecisionLender assumes that the customer will bear all interest rate risk until the Opportunity is closed, and uses a rate that is Spread Locked.
Fixed rate is locked until [Date] When you set a lock period in the Spread Over field, this message will appear indicating how long the rate is locked.
This rate is indicative at today's rates but will be set at CONVERSION at {0} spread over {1}{2}.

When pricing a conversion loan that's spread locked for a fixed rate, or the fixed period for an adjustable rate, the rate will be set to the spread and the specified maturity point for the index when the loan converts.

This rate is indicative at today's rates but will be set at CONVERSION at {0} spread over {1}{2}, with a floor of [z] When pricing a conversion loan that's spread locked for a fixed rate, or the fixed period for an adjustable rate, the rate will be set to the spread and the specified maturity point for the index when the loan converts with the floor indicated.
Balloon Payment "Balloon payment at maturity is {0} This message tells you the amount of the balloon payment when the loan reaches maturity.
 Expected Loan Amount is Displays the expected amount of the loan.

 

Back to top 

 

Warning Tags

Current Text Explanation
The rate lock duration is not long enough to cover the closing date of the loan The rate lock option you've selected for your loan will expire prior to the expected closing date entered for the opportunity. You should consider changing the lock or closing date.
The initial rate is insufficient to generate a balanced NIM.  It appears to be a teaser rate This message appears when the loan is using an adjustable rate type, and when the initial rate is more than 1% below the threshold. This indicates that you are trying to offer a lower rate, and that you are not likely to see the displayed ROE at maturity if the loan is repayed early.
The Spread is insufficient to generate a balanced NIM after the Fixed Period This message appears when the loan is using an adjustable rate type, and when the spread is lower than Andi's suggested percentage.
Amortization is less than expected When the Amortization is less than the expected life of the loan indicated in the Maturity field.
The current Target ROE is less than the standard Target ROE for this product Indicates that current target ROE is less than the standard target ROE for the loan product you're pricing.
Expected Life is less than the Maturity Indicates that the expected life of the loan is less than what is indicated in the Maturity field.
Loan repays result in a loan that is shorter than the expected life This message indicates that when a payment is made towards a loan, the expected life of the loan is decreased.
No draws are specified This message shows when you haven't specified draws in the Schedule field.
No repays are specified This message shows when you haven't specified repays in the Schedule field.
This CD appears to have matured already This message appears when the origination or the term date is before the pricing date.
Floors are active on this loan. As rates increase the margin will shrink and the ROE will decrease Indicates that as rates rise, the the economic value of the floor will decrease, resulting in a lower ROE. This will show every time you structure a loan with an 'in-the-money' floor.
Caps are active on this loan.  As rates increase the margin will shrink and the ROE will decrease Indicates that as rates rise, the the economic value of the cap will decrease, resulting in a lower ROE. This will show every time you structure a loan with an 'in-the-money' cap.
The Pricing Date is more than 7 days old  This message will display when the Pricing date is older than 7 days.
The Draw and/or Repay Schedule extends beyond the actual life of the loan This message appears when the Draw Schedule or the Repay schedule extend past the life of the loan.
The Estimated APR is above the Maximum APR This message display when the estimated APR is higher than the maximum APR.
The Target ROE could not be reached The target ROE could not be reached with the current information on the loan.
The ROE using the offered rate and today's funding curve is below the threshold This message displays when the ROE using the offered rate and the current funding curve is below the given threshold.
The Minimum Rate is in effect On the Rate Sheet, when a Minimum Initial Rate is entered in the Rate Type field, this message will show.
This Rate has been manually set. The Target ROE of", {0}, "has been altered to", {1} This message let's you know that the Target ROE has been manually changed.
The FFIEC Rate Spread for this cell of {0} is above the reporting threshold for this product of {1}. Indicates that the FFIEC Rate Spread is above the threshold for the loan product.
The tax-adjusted cost of funds is greater than the ROA, using all equity funding This message says if the tax adjusted cost of funds is greater than the ROA, then it is assumed that the loan is being funded by the equity. You will only see this message if regional assumptions are set to include capital in funding.
The rate type is set to adjustable, but the initial fixed rate period exceeds the expected life of the loan This message appears on an adjustable rate loan when the initial fixed rate period extends past the life of the loan.
The Projected Close Date is still set to its default value Indicates that the Projected Close Date has not changed from original date when the Opportunity was created.
Stage has changed since the last Projected Close Date was set The Stage is in a different status since the last listed Projected Close Date.
Caps are in effect beyond the Maximum Allowable Cap Duration This message appears on an adjustable or floating rate loan when the cap entered is higher than the maximum allowable cap.
Payoff Amount is greater than the Initial Balance This message will display if the amount entered in the Payoff/Renewal field is greater than the amount of the loan.
Prior Commitment should be greater than or equal to Payoff Or Renewal Amount This message appears when the payoff or renewal amount is greater than the prior commitment.
First Payment at the Maturity The first payment occurs at maturity. When the Payment Frequency is set to 'At Maturity', the 'First Payment at Month' field will default to the maturity month.
First Payment at the Month {X} Tells you when the first payment month occurs.

 

Back to top

 

Solver Skills

Current Text Explanation
An Initial Rate of {x} reaches the target An Initial Rate of {x} reaches the target. This appears in the Rate field and indicates that the specified initial rate will allow you to reach the target ROE.
Reducing Initial Rate by {x} still reaches the target Indicates that reducing the initial rate by the specified percentage will still reach the target.
Adding {x} to initial rate reaches the target Indicates that increasing the initial rate by the specified percentage reaches the target
A spread of {x} reaches the target Indicates that a spread of the specified amount will allow you to reach the target ROE.
Reducing spread by {x} still reaches the target Indicates that reducing the spread by the specified amount will still reach the target.
Adding {x} to spread reaches the target   Indicates that adding the given amount to the spread will reach the target.
Reducing spread by {x} still reaches the target Indicates that reducing the spread by the specified amount will still reach the target.
Adding {x} to spread reaches the target   Indicates that adding the given amount to the spread will reach the target.
An Initial Rate of {x} and a Spread of{y} reaches the target Indicates that if you update the initial rate and the spread to the specified numbers, the target is reached.
Reducing Initial Rate by {x} and Reducing Spread by {y} reaches the target Indicates that if you reduce the initial rate and the spread to the specified numbers, the target is reached.
Adding {x} to initial rate and adding {y} to spread reaches the target This message says that by adding the given amounts to the initial rate and the spread, the target is reached.
An Initial Fee of {x} reaches the target This message says that adding the given amount to the initial fee reaches the target.
Adding {x} to Initial Fee reaches the target

Indicates that adding the given amount to the Initial Fee reaches the target.

An Initial Fee of {x}% reaches the target

Indicates that an initial fee of the given percentage will reach the target.

Adding {x}% to Initial Fee reaches the target

Indicates that adding the percentage shown to the initial fee will reach the target.

An Unused LOC Fee of {x}% reaches the target

This message says that an Unused LOC reaches the target.

An LTV of {x}% reaches the target

Entering the LTV displayed reaches the target.

Increasing LTV to {x}% reaches the target

Indicates that increasing the LTV in the Collateral field by the specified percentage will allow you to reach the target ROE.

Reducing LTV to {x}% reaches the target

Indicates that reducing the LTV to the given percentage reaches the target.

A Maturity of {x} months reaches the target

Indicates that a Maturity of the months shown reaches the target.

Increasing Maturity to {x} months reaches the target   

Indicates that increasing the Maturity to the given number of months reaches the target.

Reducing Maturity to {x} months reaches the target

Indicates that reducing the Maturity to the given number of months reaches the target

An Amortization of {x} months reaches the target  

This message says that increasing the Amortization to the specified number of months reaches the target.

Reducing Amortization to {x} months reaches the target

This message says that reducing the Amortization to the specified number of months reaches the target.

A Floor of x.xx% reaches the target  

Indicates that a Floor with the shown percentage reaches the target.

An Rate of {x}% reaches the target

Indicates that a Rate of the percentage shown reaches the target.

Reducing Rate by {x}% still reaches the target

Indicates that reducing the Rate by the percentage shown still reaches the target.

Indicates that reducing the Rate by the percentage shown still reaches the target

Indicates that adding the percentage shown to the Rate reaches the target.

{ProductName} of {amount} reaches opportunity target

Indicates that when the loan you're pricing is at the amount shown, the target is reached.

Adding {amount} of {ProductName} reaches opportunity target

Provides deposit product recommendations for zero-interest demand deposits only.

Indicates that by adding the recommended deposit product in the amount shown that the opportunity reaches target.

A Swap Spread of     

This message shows the Swap Spread of the loan.

A Swap Spread of {x} reaches the target

This message says that a Swap Spread of the amount shown reaches the target.

Reducing Swap Spread by {x} still reaches the target  

Indicates that reducing the Swap Spread by the the given percentage still reaches the target.

Adding {x} to Swap Spread reaches the target

Indicates that adding the percentage shown to the Swap Spread reaches the target.

A Swap Fee of {x} reaches the target

Indicates that entering a Swap Fee in the amount shown reaches the target.

Adding {x} to Swap Fee reaches the target

Indicates that adding the amount shown to the Swap Fee reaches the target.

The current draw schedule exceeds the Commitment amount

If you've added a single draw, and then add a periodic draw after 100% of the loans commitment, you will see this message.

 

Back to top