Requirements
- Preliminary discussion with client to understand their abstraction requirements and preferences including the level of detail to be captured
- OHI’s team reviews representative loan agreements used by client to understand the underlying complexity of the loans
- The abstract template to be used is finalized with the client
- Understanding loan abstraction timelines and preparation of delivery schedule
Transfer of Loan Information to Abstract
- Client provides loan documents and additional information by uploading to the secured shared drives Dropbox or Google Drive
Loan Abstraction Work-Process
- Loan Abstraction Status Tracker is set-up (if multiple loans are to be abstracted)
- Loan documents are reviewed in detail by the staff member
- Missing document report is shared with the client
- Sample abstract is prepared in the agreed upon loan abstract template
- Abstract contains detailed section and page references, index of documents, notes and open queries (if any)
- Key data is summarized in clear and concise abstracting language into final deliverable format
- Prepared loan abstract is then reviewed by a senior staff member to ensure completeness, accuracy and quality. All key figures are double-checked
Final Deliverables
- Abstracts are delivered in the format as defined at the start of the project
