Loan document search that answers from the agreement as amended today, with the clause behind every sentence
Answers in seconds, with the clause that proves them.
See one case, screen by screen ↓Search that answers servicing questions from a loan’s own documents — the credit agreement, its amendments, fee and side letters and notices — instead of returning a list of files. Loan Document Search gives a short answer in plain words, with the clause and page behind every sentence, so the servicing officer can check it before anything goes to a borrower or lender.
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The agent is the single point of contact for a facility’s borrower and lenders, and the questions never stop: what is the prepayment fee, how much notice does the borrower owe, is there a SOFR floor, which lenders must consent. Every answer sits in a credit agreement that can run over 100 pages, changed by amendments that each rewrite a few sections — the margin, the soft call, the maturity.
So each answer means finding the file, the latest executed amendment, the section and its defined terms, then counting business days or working the interest by hand. Read the agreement without the latest amendment and the answer is wrong. Meanwhile the loan system that bills interest and amortisation can still hold a term the latest amendment replaced. A borrower told “no premium” when one applies, or a notice deadline missed by one business day, is hard to take back.
Estimated split of one servicing officer’s working week spent answering questions from loan documents, by hand and with the solution, in working days.
Six agents read every loan file, follow each amendment and check every sentence; the servicing officer reviews and sends.
Halvorsen Cold Chain wants to prepay $60 million of its Term Loan B on Friday 30 October. Its CFO asks what it costs, how much notice the agent needs and whether any lender must consent. Here is what happens next, screen by screen, in the working solution.
Elena opens the questions that reached agency services: six waiting, from borrowers, lenders and colleagues. Hannah Lindqvist’s prepayment question for Halvorsen Cold Chain is due today at 15:00. Each already has a drafted answer with its sources; Hannah’s has nine.
“Target: answered the same business day · the officer sends every reply”
She opens the question and the run plays in the thread. The loan file reader opens 23 executed documents — 412 pages, 640 sections, each with its page. The amendment tracker builds §2.11, §2.13 and §3.05 as amended, the answer agent drafts, and the dates and amounts calculator works the notice date on the U.S. Government Securities calendar.
Citation checker: “9 citations confirmed · 1 sentence rewritten: breakage is certified by each lender, never estimated”
Seven sentences, nine citations, as amended to 22 Jul 2026. No prepayment fee: the 1.00% premium applies only to a Repricing Transaction, and a prepayment from cash on hand and sale proceeds is not one. No lender consent: a voluntary prepayment is paid to the 14 Term Lenders pro rata. Each number opens the clause it rests on.
“No fee, notice by 12:00 noon on Tuesday 27 October, and no lender consent.”
Under the answer sits the amendment chain for the term that decided it. Amendment No. 3, §4, effective 22 Jul 2026, governs: a premium window to 22 Jan 2027. Beneath it, struck through, Amendment No. 2, §3(b) — replaced 22 Jul 2026 — and the original Credit Agreement §2.11(f), replaced 14 Feb 2025, each with its document and page.
“Today the premium runs to 22 Jan 2027: a repricing before then costs 1.00%; a prepayment from cash on 30 Oct costs nothing.”
One click on the “as of” control moves the date. On 1 Mar 2025 Amendment No. 2 lights up as in force, Amendment No. 3 shows “Not signed until 22 Jul 2026”, and a one-line reading says what the loan said on that day — and that the loan system still shows that old window.
“On 1 Mar 2025 Amendment No. 2 governed: a repricing before 14 Aug 2025 cost 1.00%. That window has closed — the loan system still shows it.”
Any source opens the executed document at its page with the clause highlighted — here Amendment No. 3 (Repricing and Extension), §4, page 3 of 18. Beside it, the clause as amended in three versions, a redline of what each amendment changed, and the two answers that have cited it.
“Read from the executed PDF; page and section kept for every passage. Drafts and markups in the file are never cited.”
The notice date is Fri 30 Oct less three U.S. Government Securities Business Days: Tue 27 Oct, 12:00. Accrued interest is $60,000,000 × 6.6214% × 30/360 = $331,070.00. Applied in direct order of maturity, the prepayment covers all 17 remaining quarterly instalments ($20,187,500) and $39,812,500 of the final payment, leaving $398,750,000 outstanding.
The one condition: if the money came from a new, cheaper term loan, the 1.00% premium would apply — $600,000.
The loan file shows the amendment chain from the 2023 Credit Agreement to Amendment No. 3, and every term as amended today with the clause that sets it. The loan system still holds a soft call ending 14 Aug 2025 and a maturity of 15 Mar 2030. Amendment No. 3 changed both, to 22 Jan 2027 and 15 Mar 2031.
Elena sends both corrections to loan operations. The nightly check found nine differences across eight facilities, each with the clause and what it costs — a repricing before 22 Jan 2027 would be billed without its premium; Saltmarsh’s interest is overbilled at the old margin by about $180,000 a quarter. Grace approves every change; no agent touches the loan system.
“Corrections go to loan operations; nothing changes the system without approval.”
The reply is drafted from the checked answer: fee, notice, consent, and what to pay on the day, with the sections named in plain words. Elena reads it, keeps it as a draft or sends it from her own mailbox, copying Marcus Bell. The clauses behind each paragraph go to the servicing notes with the reply.
“Drafted from the checked answer. The clauses behind each paragraph go to the servicing notes with the reply; you send it.”
The same prepayment question, seen by the people who carry it — what their week looked like, and what it looks like now.
Six agents read every loan file, follow each amendment and check every sentence; the servicing officer reviews and sends.
Reads every executed agreement, amendment, letter and notice; splits each into sections with page numbers and defined terms.
Builds each section as amended: which amendment last changed it, from when, and every earlier version — and answers “as of” any date.
Answers in plain words from the as-amended text, leading with the short answer, one claim per sentence, each with its clause.
Reads every sentence back against the clause it cites and removes or rewrites any the clause does not support.
Counts business days on the facility’s calendar and works interest, premiums and where a prepayment goes, with the working shown.
Compares the loan system’s terms with the version on top of each amendment chain, every night and whenever an amendment arrives.
Reviews and sends every reply. The agents propose; a named person decides.
Ask in plain words — or tell it what to draft. Every answer carries its citations, and nothing goes out until you send it.
What did Amendment No. 3 change for Halvorsen?
Three terms, all effective 22 Jul 2026: the margin from 3.25% to 3.00%; the soft call reset, 1.00% on a repricing to 22 Jan 2027; and the maturity from 15 Mar 2030 to 15 Mar 2031. The loan system still holds the old soft call and maturity.
Where else does the loan system disagree with the documents?
Nine terms on eight facilities, from last night’s check. Two are on Halvorsen — soft call end and maturity. The one that costs most today is Saltmarsh’s margin, billed at 4.25% instead of 4.00% since the Q2 certificate: about $180,000 a quarter.
Which lenders must consent to extend Halvorsen’s maturity again?
Each Term Lender whose loan is extended — a full extension needs all 14; Required Lenders cannot do it alone. Calder Point Credit Partners is the largest at $52,500,000.
Draft the reply to Hannah Lindqvist
Drafted from the checked answer — fee, notice, consent and what to pay on 30 Oct, with the sections named in plain words. Nothing is sent until you press send.
13 screens from the working solution, on its sample data. Pick one to see it large.
How answers are made, which documents count, which calendars dates are worked on, and who approves a loan system correction — all settings.
| Setting | Default | Choose from |
|---|---|---|
| Every sentence carries its clause and page | On | On · Off |
| Show the amendment chain under each answer | On | On · Off |
| Say when the documents do not answer | On | On · Off |
| Executed documents only (drafts and markups never cited) | On | On · Off |
| Calendar for Term SOFR loans | U.S. Government Securities Business Days | U.S. Government Securities Business Days · New York banking days |
| Calendar for payments and base rate loans | New York banking days | New York banking days · U.S. Government Securities Business Days |
| Loan system check | Nightly at 02:00 | Nightly at 02:00 · Every 6 hours · Hourly |
| Who approves a correction | Loan operations supervisor | Loan operations supervisor · Loan operations supervisor + second approver |
Every figure is labelled: a target the solution is built to, an estimate, a typical published result, or a proven one.
“demo” = seen in the working solution, on its sample agency book · “target” = the design goal, measured in the live solution · “estimated” = our estimate · “typical” = published figures (Morningstar LSTA US Leveraged Loan index fund report, N-CSR FY2025 — $720B of spread-cutting amendments, Oct 2024–Sep 2025; Zuva, commercial loans — hours to review a single agreement by hand). People, companies and loans named on this page are fictional — characters and sample data in the working solution.
Search that answers servicing questions from a loan’s own documents — the credit agreement, its amendments, fee and side letters and notices — instead of returning a list of files. Loan Document Search gives a short answer in plain words, with the clause and page behind every sentence, so the servicing officer can check it before anything goes to a borrower or lender.
The amendment tracker builds every section as amended: which amendment last changed it, from what date, and each earlier version. Answers use the version in force on the date asked, and show the earlier versions beneath it, struck through. An “as of” control shows what the loan said on an earlier date.
No. The answer agent answers only from the executed documents. If they do not answer the question, it says so and names the closest clause. Drafts, markups and term sheets are never cited.
The dates and amounts calculator counts business days on the facility’s calendar — U.S. Government Securities Business Days for Term SOFR loans, New York banking days for payments — and works interest, premiums and where a prepayment goes, with every line of the working shown. It never rounds a figure and never estimates a lender’s breakage; each lender certifies its own.
No. The loan system checker reads the terms the system bills from and compares them with the documents every night and whenever an amendment is added. Each difference goes to loan operations with its clause; the loan operations supervisor approves every correction.
Yes. The agents draft; only the servicing officer sends a reply, from their own mailbox, after reviewing it. Side letters are shown only to the loan’s agency team, and relationship managers see answers for their own clients only.
Every executed agreement, amendment, joinder, fee and side letter, notice and certificate in the loan file, each split into sections with its page and defined terms. When a new executed amendment is added, the chains it touches are rebuilt and saved answers that cited the old text are re-checked.
The Agentic Solution Engine builds and deploys it from your requirements and documents — a sample of your executed loan files and your servicing procedures — and it goes live once every quality gate has passed. We will walk you through it on your own loans first.
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1-min demoWe’ll run Loan Document Search on a sample of your own executed agreements and amendments.