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