Drawdown & Payoff Request Processing demo
Draw, payoff and rate-election requests read as they arrive, checked against the agreement and queued for release. 1:11
What the demo shows
A servicing solution for funding teams that checks draw and payoff requests before release.
Six agents read every draw, payoff, paydown and rate-election request as it lands, check notice, amount, availability, conditions, signer and wire instructions against the agreement and the verified payee file, and put it on a release console whose release button works only when every check passes.
Transcript
- Drawdown & Payoff Request Processing checks every borrower request before money moves.
- Requests arrive all day by email and fax.
- Each is a row, each check a square, racing a 4 o'clock cutoff.
- Marlowe Freight asks to pay off Corvain, $2.85 million.
- The wire check turns red, account changed, callback required.
- The release stays locked.
- It came from a lookalike domain with a new bank, account, and phone.
- Renata calls the number on file.
- The account never changed, and the letter was fake.
- Corvain reissues the letter.
- The agents check it again, and every square turns green.
- Theo co-approves, and the payoff reaches the right account before the cutoff.
- Built on Botminds: agents, data, screens, and governance on one platform. form.
Transcribed from the film’s narration. Captions are on the player.