Significantly, Moody's Risk Management Services, which is used by 80 percent of the banks worldwide, has partnered with Oinke as their only endorsed online financing site. OinkeFAT sorts, manages and runs live interactive auctions specifically engineered for commercial business and real estate loans. OinkeFAT fully empowers commercial borrowers to take control of the gavel to hold a live auction in front of lenders worldwide for the select purpose of obtaining debt financing. Within seconds, OinkeFAT intelligent technology sifts its entire data base of lenders worldwide including, banks, insurance companies, finance companies, pension funds and wall street firms matching criteria established by the borrower s loan needs. Lenders then view at their desktop an anonymous loan package.
Interested lenders submit proposals on the loan package, which is then viewed by the borrower.
A - OinkeVault is a secure electronic data storage and retrieval system engineered to allow commercial borrowers to upload and archive into a digital format all the information necessary for the credit procurement, due diligence and periodic reporting of loans. The ASAP is more than an application and less than a full loan package. There are 63 different unique loan ASAPs which represent the majority of all lending transactions. An Oinke business development representative reviews the data and calls the borrower to verify the contact information. All Lenders who fit the criteria are sent an e-mail notification of the live auction.