Loan Tape
A loan tape is a structured, loan-level data file that lists every loan or receivable in a portfolio along with its key economic and performance fields. Lenders, funders, and investors use it to underwrite, monitor, and reconcile a book of credit.
What a loan tape contains
A loan tape is a portfolio expressed as data: one row per loan or receivable, with the fields a counterparty needs to value it. Field sets vary by asset class but usually include loan identifiers and the borrower, original and current balance, rate or factor, payment amount, term and maturity, the amortization or remittance schedule, collateral type and advance rate, and performance fields such as days past due and delinquency status.
How loan tapes are used
The tape appears at every stage of a credit relationship. In diligence a prospective funder or buyer underwrites the book from it; during a facility the servicer sends a periodic tape so the funder can recompute the borrowing base, test covenants, and track performance; in a securitization or portfolio sale it is the dataset the deal is priced on.
Why loan tape quality matters
Because so many decisions ride on it, a stale or inconsistent tape is a real exposure. If balances do not reflect the latest payments the borrowing base is overstated, and if delinquency fields lag, performance looks better than it is. A reliable tape is a byproduct of clean servicing. Zolvo helps lenders reconcile payments, run portfolio monitoring, and produce funder and LP reporting, including for private credit funds, so the tape they send is current rather than rebuilt by hand each cycle.