SystemLoan Operations & Commercial Servicing

Drawdown & Payoff Request Processing

Drawdown and payoff request processing, every request checked against the agreement before the cut-off

Same-day requests checked and queued before the cut-off.

See one case, screen by screen ↓
demo4minmedian from a request arriving to all nine checks done, on the sample day
demo5signalsfound in one emailed payoff letter — new bank, lookalike domain, new phone number and more
demo1 h 44minbefore the 4:00 p.m. cut-off, the payoff went to the right account after the call-back
target100%of changed wire instructions called back on the number on file
In short

What is Drawdown & Payoff Request Processing?

It is the funding desk’s daily work of taking a borrower’s request to draw, pay off, pay down, elect a rate or quote a payoff, matching it to the loan, checking it against the credit agreement and the bank’s records, and releasing the money or returning the request. Drawdown & Payoff Request Processing has six agents do the reading and checking, and puts every request on one release console where a person releases.

How to choose AI solutions for lending →

Updated

The problem

Why same-day draws and payoffs are a race against the cut-off

Requests to draw on a revolver or a delayed-draw term loan, to pay off another lender, to pay down, to continue or convert a SOFR interest period or to quote a payoff reach the funding desk all day, by email, fax and the borrower portal. Most must be acted on the same day, before the wire cut-off. Each one has to be matched to the loan and checked for notice period, minimum and multiple, availability, conditions precedent and signer authority — and those terms sit in the credit agreement, the loan system, the borrowing base certificate and the incumbency file.

The costliest miss is not a late notice. It is a payoff letter that looks normal: an email from a domain one character off the payee’s, announcing an “updated remittance account”. Once a wire settles it is rarely recovered. So the specialist has to compare every outgoing instruction with the one the bank verified, and call back on a number the bank already holds, while the clock runs.

typical63%of organisations say wires were the payment business email compromise targeted most
typical$2.77Bin business email compromise losses reported to the FBI in 2024
Where one request’s minutes goestimated
By hand50 days
With the solution4 days
  • Reading the request and matching it to the loan10 → 0.5 d
  • Notice, minimum and interest period against the agreement10 → 1 d
  • Availability, borrowing base and conditions precedent10 → 1 d
  • Signer against the incumbency certificate5 → 0.5 d
  • Wire instructions against the file10 → 0.5 d
  • Release instruction or return note5 → 0.5 d

Estimated split for a typical request, in minutes, by hand and with the solution. A call-back, when one is needed, is still a person on the phone.

How it works

How a request moves

Six specialist agents check every request against the agreement and the payee file; the funding specialist releases.

What comes in
Requests in3 channels · email, fax and the borrower portal
Agents at work
Request readerclassify + extract
Then
Terms checker
Availability and conditions checker
Signer verifier
Then
Wire instruction guardvs the payee file
Then
Release preparerinstruction or note
A person decides
Funding specialistreleases; supervisor co-approves
What comes out
Released before cut-off
Return note with clause
Turnaround log
One case, step by step

One payoff, from a red square to a released wire

Tuesday 13 October, 1:42 p.m. at Ashgrove Bank’s funding desk — 2 h 18 m to the 4:00 p.m. wire cut-off, twelve requests on the console. One of them is a $2.85 million payoff with the wrong account in it. Here is what happens next, screen by screen, in the working solution.

  1. 011:42 p.m.

    Twelve requests, nine checks each, one clock

    Renata Alvarez · Funding and payments specialist

    Renata’s home is the release console: a cut-off clock, a ribbon of the day with a mark for every request at the minute it arrived, and a row per request with a square for each check. $7,146,310.42 is waiting to be released across four requests; three are held. One row is red.

    “A release unlocks only when all nine checks pass.”

  2. 0211:58 a.m.

    A payoff letter, read as it lands

    Request reader

    Corvane Equipment Finance’s payoff letter for Marlow Freight Lines arrives by email: principal $2,831,904.17, accrued interest $12,486.25, a $1,920.00 processing fee — $2,846,310.42 good through 13 October, $786.64 per diem after. The reader matches it to the delayed-draw term loan 4410-2287 and to Marlow’s notice of borrowing of Friday 9 October, and highlights each passage it took a value from.

    Every extracted value carries the line it came from; a missing field is asked for, never guessed.

  3. 03By 12:00 noon

    Checked against the agreement, clause by clause

    Terms checker · Availability and conditions checker · Signer verifier

    Notice: one business day, by noon (§2.2(c)) — met. Amount: above the $500,000 minimum and inside the $3,000,000 delayed-draw tranche, all of it undrawn. Conditions precedent (§4.3): all four met, including the payoff letter and authorisation to file UCC-3 terminations. Signer: Dana Whitcomb, CFO, on the list. Each check cites the clause it rests on.

  4. 04Same run

    The wire check turns red

    Wire instruction guard

    Every payment to Corvane has gone to Tessaro Bank, Columbus, account ••••4471 — on file since 3 March 2025, used twice. The letter asks for Bramblewood Savings Bank, Dayton, ••••9023. It came from corvane-finance.com, registered on 6 October; Corvane writes from corvanefinance.com. The phone number for questions is not the one on file, “LLC” is missing from the beneficiary, and the PDF was made in a word processor at 11:41, outside Corvane’s payoff portal.

    “Account changed since last request — call-back required.”

  5. 051:49 p.m.

    A call-back on the number on file

    Renata Alvarez · Funding and payments specialist

    Renata calls Corvane’s payoff desk on (614) 555-0148, the number in the verified payee directory. Lena Brandt confirms the Tessaro account has not changed and the letter is not theirs. Renata logs the call; a fraud report opens and Corvane is asked to re-issue the letter through its portal.

    The number in the emailed letter, (614) 555-0193, is never dialled.

  6. 062:06 p.m.

    Re-issued, re-read, every square green

    The agents

    Corvane’s re-issued payoff letter arrives through its portal, reference CVF-PO-77810: same amount, Tessaro Bank ••••4471. The agents read it again and run every check again. The wire now matches the file and the call-back is on the record, so the release unlocks — for two people, because the amount is above $1,000,000.

    “All checks pass — $2,846,310.42 — Theo Marsh co-approves before it goes.”

  7. 072:14 p.m.

    The second approval

    Theo Marsh · Operations supervisor

    Theo sees the same checks Renata does: Fedwire to Corvane Equipment Finance LLC at Tessaro Bank, value today, 9 of 9 checks passed, the call-back logged at 1:49 p.m. He approves.

    “Call-back is on the record. Go.”

  8. 082:16 p.m.

    Released, 1 h 44 m before the cut-off

    Renata Alvarez · Funding and payments specialist

    Renata releases. $2,846,310.42 goes to Corvane at Tessaro Bank ••••4471 at 2:16 p.m., inside the good-through date, so no extra day of per diem at $786.64. The $2.85 million did not go to a stranger’s account.

  9. 0910:48 a.m.

    The request that looked fine

    Signer verifier

    Sable Creek Vineyards faxed a $500,000 advance request signed by Gareth Lowe. The incumbency certificate of 14 August 2026 removed him; the current signers are Imogen Hart, CFO, and Paul Sabatino, Managing Member. The request is held under §11.4, with a note to Imogen Hart and a prompt for Jordan Pike to call.

  10. 10Before anyone has to ask

    Return notes that say why, and what will work

    Release preparer

    A failed check becomes a note, not a silent hold. Ostrander’s Term SOFR request missed the three-business-day notice in §2.2(a), so the note offers a Base Rate loan on the 15th converting to SOFR on the 19th, or SOFR on the 16th. Copperline asked for $640,000 when the 30 September borrowing base leaves $290,000 available. A person reads and sends every note.

    The release preparer never sends a note without a person.

Who it’s for

Built for everyone between the request and the wire.

The same afternoon, seen by the four people who carry it — what their day looked like, and what it looks like now.

RA
Renata AlvarezFunding and payments specialist
Releases the money
Before
Reads each request against the agreement, the loan system, the signer file and the wire file by hand, with the last ones reaching her close to the cut-off.
Now
Starts from a console where every check is already done and cited; spends her time on the red squares and the call-backs.
TM
Theo MarshOperations supervisor
Co-approves above $1,000,000
Before
Is asked to approve large wires with the evidence somewhere in an email thread.
Now
Sees the same nine checks and the logged call-back on the approval itself before he says yes.
JP
Jordan PikeRelationship manager
Answers for the borrower
Before
Hears that a draw was held when the client calls him.
Now
Gets the referral or the copy of the note first, with the clause and the next date or amount that works.
CW
Celia WardHead of loan operations
Owns the rules
Before
Learns about a late release or a near-miss after it happened.
Now
Sees turnaround against the cut-off, every call-back and every caught instruction change for the quarter, and approves every rule change.
Built on the engine

6 agents. Each with one job, and hard limits.

Six specialist agents check every request against the agreement and the payee file; the funding specialist releases.

Request reader

Reads every email, fax and portal form, including scanned forms; classifies it as a drawdown, payoff, paydown, rate election, payoff quote or not a request; and pulls out borrower, loan, amount, value date, rate option, interest period, signer, payee and every wire instruction field.

  • Never fills a missing field — it asks the sender
  • Cites the line for every value
  • Statements, certificates and auto-replies are filed or routed, never put on the console
Terms checker

Finds the facility and the clause that governs the request, and tests the notice deadline in business days and time of day, the minimum and multiple, the interest period and the use of proceeds.

  • Never waives a term
  • Each agreement’s own clause beats the default
  • A request that fails is returned with the clause and the next date that complies
Availability and conditions checker

Reads balances from the loan system and the latest borrowing base certificate, computes availability, and checks conditions precedent: no Default, deliverables current with cure periods, payoff letters and lien releases where required.

  • Never overrides a default flag
  • Uses the latest certificate only
Signer verifier

Checks every signer against the borrower’s current incumbency certificate and compares the signature with the specimen on file.

  • Never accepts a signer who is not on the current certificate
Wire instruction guard

Compares beneficiary, bank, routing and account with the verified payee directory and the payments already made to that payee from any loan; checks the sender’s domain age and spelling, the reply-to and whether the document came from the payee’s portal; locks the release until a call-back is logged.

  • Never uses a phone number from the request
  • Never unlocks a release itself
  • Never edits the payee directory
Release preparer

When every check passes, builds the Fedwire or book-transfer instruction and routes anything above $1,000,000 to the operations supervisor; when a check fails, drafts the return note or referral with the clause and the alternative; warns 60 minutes before the cut-off.

  • Never releases money
  • Never sends a note without a person
Funding specialist

Releases; supervisor co-approves above $1M. The agents propose; a named person decides.

Ask in plain words

Ask about any request, check or clause

The funding desk can ask in plain words about a borrower, a check or the cut-off. Every answer points to the agreement, the letter or the record behind it.

Why is the Marlow payoff locked?

Because the wire instructions in Corvane’s payoff letter are not the ones on file. Every payment to Corvane has gone to Tessaro Bank ••••4471; the letter asks for Bramblewood Savings ••••9023. It came from corvane-finance.com, registered seven days ago, and gives a phone number that is not on file. Call (614) 555-0148, the payoff desk on file — never the number in the letter. The release stays locked until the call-back is logged.

Which releases could miss the 4:00 cut-off?

Four are still to go, with 2 h 18 m left. Marlow Freight Lines is waiting on the call-back and the re-issued letter; Garrity Logistics and Ridgeback Aggregates on Theo’s co-approval; Wrenfield Pharmacy Group on your release. Marlow is the only one at risk: Corvane must re-issue the letter after the call-back, and its per diem is $786.64 a day if it slips.

Draft the return note for Ostrander’s SOFR request

Already sent at 9:21. Ostrander asked for a Term SOFR loan on Thursday 15 October, but SOFR notices are due by 11:00 a.m. three business days before — today’s notice allows Friday 16 October at the earliest. The note offers a Base Rate loan on the 15th converting to SOFR on the 19th, or SOFR on the 16th. Nothing was booked.

How much can Copperline draw today?

$290,000. The 30 September borrowing base is $8,200,000 and $7,910,000 is outstanding; the revolver lends the lesser of the commitment and the base. Mateo Ruiz, Copperline’s CFO, asked for $640,000, so the note offers $290,000 today, or the full amount if an updated certificate shows the receivables.

Every screen

The working solution, as it ships.

13 screens from the working solution, on its sample data. Pick one to see it large.

The release consoleThe cut-off clock, the day’s requests at the minute they arrived, a square per check and a release button that stays locked until every check passes.
The request, as it arrivedThe payoff letter with every extracted value highlighted and noted, beside the nine checks and the clause behind each one.
AgreementsEach facility’s notice, minimum, availability and dual-control terms, read once from the signed agreement, with the exact clause text.
Wire checksEvery outgoing payment compared field by field with the verified payee directory, with the signals found in the emailed letter.
Logging a call-backThe number to call comes from the payee directory; the number in the letter is struck out. What the payee confirmed decides what happens next.
Every check greenThe re-issued letter read and checked again: the wire matches the file and the release unlocks for co-approval.
Second approvalAbove $1,000,000 the operations supervisor approves, seeing the destination, the checks and the logged call-back.
Released before the cut-offThe payoff released at 2:16 p.m. to the account on file, 1 h 44 m before the 4:00 p.m. cut-off.
InboxEverything that reached the funding desk by email, fax and portal — classified and matched to its loan, with the confidence of each match.
SignersEvery signer checked against the latest incumbency certificate, with the signature compared to the specimen on file.
Return notes and referralsDrafts that name the clause and the next way to get the money; a person reads and sends each one.
Cut-off and turnaround logWhen each request arrived, was checked and was released against the cut-off, with the quarter’s call-backs and caught instruction changes.
Rules and cut-offsRelease cut-off, warning time, notice defaults, the dual-control limit and the call-back rules — each change a new rule version.
Governance

Built so money moves only on the terms, to the right account.

The lock is enforced, not advisoryThe release button stays locked while any check is open, and that setting cannot be turned off. The agents never unlock a release themselves.
Call back on the number you already holdAny change of bank, routing, account or beneficiary name, a first payment to a payee, a payee unused for 12 months or a payoff letter not from the payee’s portal requires a call-back to the number in the payee directory. Numbers in a request are never dialled.
Two people above $1,000,000The funding specialist releases; the operations supervisor co-approves every release above $1,000,000, seeing the same checks and the logged call-back.
Every check cites its clauseEach check names the agreement section, incumbency certificate, borrowing base certificate or payee directory entry it rests on, with the exact clause text a click away.
The payee directory is guardedAgents never edit the verified payee directory. A change needs a call-back and two people, and every change is logged with the call.
Every step on the recordWho read, checked, called back, approved and released, with times, against the cut-off. A call-back that says “not genuine” opens a fraud report, and every rule change is a new version approved by the head of loan operations.
Configuration

Your desk’s cut-offs and limits, not ours

Cut-offs, approval limits and the call-back rules are settings. Each agreement’s own clause still wins over a default.

SettingDefaultChoose from
Same-day release cut-off4:00 p.m. ETEarlier than the Fedwire 6:45 p.m. ET customer cut-off, to leave room for call-backs
Warn before the cut-off60 minutesRows still open turn amber on the console
SOFR notice deadline (default)11:00 a.m. · 3 business daysEach agreement’s own clause wins
Base Rate notice deadline (default)12:00 p.m. · same dayEach agreement’s own clause wins
Second approval above$1,000,000Named operations supervisors
Release buttonLocked while any check is openCannot be turned off
Call back whenBank, routing, account or name changesAlso: first payment to a payee; payee unused 12 months; payoff letter not from the payee’s portal
Lookalike sender domainsOnFlags domains younger than 30 days or one edit from a payee’s
Connections

Works with the systems your desk already runs

Borrower email, fax and portalnotices of borrowing, payoff letters and request forms, as they arrive
Credit agreements and amendmentsnotice, minimum, availability and condition clauses
Your loan systemcommitments, outstandings and availability
Borrowing base and compliance certificatesthe latest certificate and deliverable dates
Incumbency certificatesauthorised signers and their specimens
Verified payee directory and paymentsverified instructions in, Fedwire and book-transfer instructions out
What it changes

The difference, in numbers.

Every figure is labelled: a target the solution is built to, an estimate, a typical published result, or a proven one.

target
4min
from a request landing to all nine checks done
By hand30–90 min
With agents≈ 4 min
target
100%
of changed wire instructions called back on the number on file
5 of 5 changes
called back before release
typical
63%
of organisations say wires were the payment BEC fraud targeted most
63 of 100
AFP survey, 2024 data

“demo” = seen in the working solution, on its sample funding-desk data · “target” = the design goal, measured in the live solution · “estimated” = our estimate of where a request’s minutes go · “typical” = published figures (AFP 2025 Payments Fraud and Control Survey — 63% say wires were the payment most targeted by business email compromise; FBI IC3 2024 Internet Crime Report — $2.77B in business email compromise losses). People, banks, borrowers, accounts, phone numbers and domains named on this page are fictional — characters and sample data in the working solution.

Questions

What funding and servicing teams ask us.

What is drawdown and payoff request processing?

It is the funding desk’s daily work of taking a borrower’s request to draw, pay off, pay down, elect a rate or quote a payoff, matching it to the loan, checking it against the credit agreement and the bank’s records, and releasing the money or returning the request. Drawdown & Payoff Request Processing has six agents do the reading and checking, and puts every request on one release console where a person releases.

Which checks does it run on a request?

Nine: the request is read, matched to the loan, the notice period, the minimum and multiple, availability, conditions precedent, signer authority, wire instructions against the file, and a call-back where one is required. Each check cites the clause or record it rests on.

How does it stop payoff wire fraud?

The wire instruction guard compares every outgoing instruction field by field with the verified payee directory and past payments, and checks the sender’s domain and how the document was made. Any change of bank, routing, account or name locks the release until someone logs a call-back to the number already in the directory — never a number from the request.

Does the AI release money?

No. The agents read, check and prepare; the release preparer never releases money and never sends a note without a person. The funding specialist releases, and the operations supervisor co-approves every release above $1,000,000.

What happens when a request fails a check?

It is held, and the release preparer drafts a return note or referral that names the clause and offers what will work — the next date that meets the notice period, or the amount available under the borrowing base. An Event of Default is referred to the relationship manager instead of going to the borrower.

Can we set our own cut-off, notice defaults and approval limit?

Yes. The same-day release cut-off, the warning before it, the default SOFR and Base Rate notice deadlines, the second-approval limit, who may release and the call-back triggers are settings. Each agreement’s own clause still wins over a default, and the release lock cannot be turned off.

Which systems does it work with?

Borrower email, fax and the borrower portal; your credit agreements; your loan system’s balances; borrowing base, compliance and incumbency certificates; and the verified payee directory. It produces the Fedwire or book-transfer instruction for a person to release.

How long does it take to go live?

The Agentic Solution Engine builds and deploys it from your requirements — your agreements, request forms, approval limits and a sample of past requests — and it goes live once every quality gate has passed. We will walk you through it on your own requests first.

See it on
your requests.

We’ll run Drawdown & Payoff Request Processing on a sample of your own draw and payoff requests.