As a Credit Analyst you live in the loan file — verifying covenant compliance, running prepayment and refinance scenarios, and tracking construction draws and interest carry.
Signing in
Sign in to LoanIQ
On screen
Open LoanIQ (from the Platmetrix products page, the AssetIQ debt card, or your LoanIQ link).
Enter your Platmetrix email and password.
You land on the Portfolio dashboard.
What it does
One Platmetrix login carries across PropIQ, AssetIQ, and LoanIQ — you don’t keep separate accounts.
Needs your input
You need LoanIQ access on your account. If you reach a “not authorized” screen, ask your administrator to grant you LoanIQ access.
ⓘ
Access levels. For each property you’re granted None, View, or Edit on LoanIQ. View lets you read dashboards and loan files; Edit lets you change loan data. Missing a button or blocked from a page? That’s your access level — ask your administrator.
Reading a loan file
Where you work.
Open any loan from the portfolio, a property, or a filtered list. The file is organized into jump-nav sections; start at the top stat tiles and work down.
Why it matters: Your analysis is only as trustworthy as the terms it rests on. Having every material term — rate, maturity, covenants, prepay, recourse — in one structured file means you’re analyzing the actual deal, not a stale spreadsheet, and you can defend every figure back to its source.
A loan file (Fannie Mae DUS) — the sections you’ll analyze.
Derivation tiles
Trace every number.
The stat tiles at the top of a loan file are clickable. Tap Balance, All-in, DSCR, LTV, Maturity, or To-maturity and LoanIQ shows how the number was derived in an inline panel.
Why it matters: Numbers you can’t explain are numbers you can’t defend in an investment memo or a lender call. The derivation panels show the inputs and the math behind each figure, so you can verify it, spot a bad input, and answer ‘where did that come from?’ with confidence instead of a guess.
Loan-file stat tiles. Tapping one reveals the derivation behind it.
✓
Use the derivation panels when a number looks surprising — a wrong DSCR or LTV usually traces to one stale input, and the panel points you straight to it.
Covenant testing
Compliant, watch, breach.
The Covenants section lists each test with its direction (min/max/date), requirement, current value, frequency, and next test date, plus a live status.
Why it matters: Covenants are where a performing loan can still go into default. Confirming current values against the latest reporting — and flagging anything drifting toward its limit — is how you give the manager time to cure before a ‘watch’ becomes a ‘breach’ with real remedies attached. This is the highest-leverage check you do.
ⓘ
‘Not yet tested’ is not the same as passing — the next test simply hasn’t occurred. Treat an untested covenant as an open question, not a clean bill of health.
✉ Alerts you’ll receive
LoanIQ watches your loans and values for you and emails you when a line is crossed — you don’t have to be logged in to catch these:
Covenant breach — a test like DSCR or debt yield fails
LTV / value threshold — a tracked value passes its level
Maturity or rate reset approaching — from the maturity ladder
Reserve / escrow event — a draw or an escrow date
Portfolio & values digest — a periodic summary
These are notifications, not actions — an alert flags something to review; it never changes the loan.
Prepayment estimator
Scenario the exit cost.
The prepayment estimator is your scenario tool. Choose a prepay date and, for yield-maintenance or defeasance, a reinvestment rate; LoanIQ applies the loan’s method and returns an estimated penalty.
Why it matters: When the manager or an investor asks ‘what would it cost to get out of this loan in 18 months?’, the answer can swing a decision by seven figures. Being able to run that scenario quickly — and show how the penalty changes with timing and rates — makes you the person who turns a vague worry into a number the team can act on.
Estimator on a HUD loan — declining premium after lockout.
Methods you’ll see: open (no penalty), yield maintenance, defeasance, spread maintenance, and FHA/HUD declining (lockout then a declining premium).
ⓘ
Treat results as indicative and reconcile against the note — live rates and document specifics move the number, and an estimate presented as fact can mislead a real decision.
Construction & carry
Draws and interest carry.
For construction loans, the Construction & interest carry section shows the I/O period and rate, remaining I/O, projected vs. incurred vs. remaining carry, and the original-vs-actual development budget with % complete.
Why it matters: On a construction loan, interest carry is real money being spent before the asset earns a dollar — and if carry burns faster than the schedule assumed, the project can run short of funds before lease-up. Watching remaining carry against remaining budget is how you catch a funding gap months early, while there’s still time to solve it.
✓
Compare remaining carry to remaining budget and % complete: if carry is being consumed faster than progress is being made, flag it — that divergence is the earliest sign a deal is heading over budget.
Edge cases
Things to watch
“Not yet tested” covenants — the next test hasn’t occurred; don’t read that as passing.
Estimator inputs — YM/defeasance need a reinvestment rate; without it the estimate isn’t meaningful.
View-only — you can analyze everything; structural edits need Edit access.
PLATMETRIX · Credit Analyst User Handbook · This handbook reflects the demo dataset; your live screens show your own information.
