What the impending LIBOR to SOFR transition means for commercial servicing systems.

The basis for determining interbank lending rates for US investors and banks is undergoing a substantial sea change. By the end of 2021, a full transition is planned from the current London Interbank Offered Rate (LIBOR) to the Secured Overnight Financing Rate (SOFR).

Our free whitepaper provides a general overview to help commercial lenders and servicers plan for this transition and how it will impact their commercial loan servicing systems.

Topics covered include:

• The uncertainties that led to the LIBOR-SOFR transition.
• The 4 SOFR interest methodologies replacing LIBOR.
• Spread adjustment methodology for transitioning existing loans.