In one sentence
A structured data file summarizing the key terms and performance of a loan or a portfolio of loans, used in sales, servicing, and reporting.
The longer version
A loan tape, historically a spreadsheet, captures the essential fields of each loan: balance, rate, maturity, collateral, and performance. It is how loans are analyzed in bulk for sales, securitizations, and portfolio reporting.
The accuracy of a loan tape depends on the accuracy of boarding and the underlying file, which is why clean loan records matter well beyond a single closing.
Common questions
- What is a loan tape?
- A structured data file summarizing the key terms and performance of a loan or portfolio, used in loan sales, servicing transfers, financing and securitization.
- What fields are on a loan tape?
- Commonly balance, rate, maturity, amortization, property type and location, occupancy, NOI, DSCR, LTV, reserves and payment status.
- Why must a loan tape be accurate?
- Because buyers, financing lenders and rating agencies rely on it. Errors on the tape can lead to repricing, repurchase claims or failed transactions.
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