Axience Tracker
First Lien Capital - Fund Accounti
Sr. No. Task Type of Request Entity
1 Cash booking Recurring AFL Mortgage LLC
2 Cash booking Recurring AFL Mortgage LLC
3 Cash booking Recurring AFL Mortgage LLC
4 Cash booking Recurring FLA Mortgage Capital 3, LLC
5 Cash booking Recurring CFAI Special Assets, LLC
6 Cash booking Recurring AFL Mortgage 2, LLC
7 FCI Payment to Lenders Recurring CFAI Special Assets, LLC
8 FCI Payment to Lenders Recurring FLA Mortgage Capital 3, LLC
9 Cash booking Recurring First Lien Capital,GP
10 Cash booking Recurring First Lien Capital, LP
11 Cash booking Recurring First Lien Capital,GP
12 Cash booking Recurring First Lien Capital,GP
13 Cash booking Recurring First Lien Performing Series A
14 Cash booking Recurring First Lien Capital, LP
15 Cash booking Recurring First Lien NPL Opportunity Fund, LLC
16 Remittance Booking Recurring FLA Mortgage Capital 3, LLC
17 Remittance Booking Recurring CFAI Special Assets, LLC
18 Bank Reconciliation Recurring AFL Mortgage 2, LLC
19 Bank Reconciliation Recurring AFL Mortgage LLC
20 Bank Reconciliation Recurring AFL Mortgage LLC
21 Bank Reconciliation Recurring AFL Mortgage LLC
22 Bank Reconciliation Recurring CFAI Special Assets, LLC
23 Bank Reconciliation Recurring FLA Mortgage Capital 3, LLC
24 Bank Reconciliation Recurring First Lien Performing Series A
25 Bank Reconciliation Recurring First Lien Capital,GP
26 Update Process Document Ad Hoc NA
Bank Account Servicer Trade Name Assigned Analyst
Citi Bank #5309 (AFL Mortgage LLC) NA NA Siddharth
Citi Bank #2734 (FLA Mortgage Capital I LLC) NA NA Siddharth
Citi Bank #1050 (FLA Mortgage Capital II LLC) NA NA Siddharth
Citi Bank # 4088 (FLAM 3) NA NA Siddharth
Citi Bank #3861 (CFAI) NA NA Siddharth
Citi Bank #0844 (AFL 2 Mortgage) NA NA Siddharth
Citi Bank #3861 (CFAI) FCI NA Siddharth
Citi Bank # 4088 (FLAM 3) FCI NA Siddharth
CNB #1059 (AFL Mgr) NA NA Siddharth
CNB #0974 (BBNY Mortgage) NA NA Siddharth
CNB #1423 (FL Mgr) NA NA Siddharth
CNB #6045 (FLI GP) NA NA Siddharth
CNB #2547 (FLPSA) NA NA Siddharth
CNB #0060 (FLC LP) NA NA Siddharth
CNB #8538 (NPLO) NA NA Siddharth
NA FCI Y08- FLAM 3 Siddharth
NA FCI FLC 17 (CFAI) Siddharth
Citi Bank #0844 (AFL 2 Mortgage) NA NA Siddharth
Citi Bank #5309 (AFL Mortgage LLC) NA NA Siddharth
Citi Bank #2734 (FLA Mortgage Capital I LLC) NA NA Siddharth
Citi Bank #1050 (FLA Mortgage Capital II LLC) NA NA Siddharth
Citi Bank #3861 (CFAI) NA NA Siddharth
Citi Bank # 4088 (FLAM 3) NA NA Siddharth
CNB #2547 (FLPSA) NA NA Siddharth
CNB #1059 (AFL Mgr) NA NA Siddharth
NA NA NA Siddharth
Request Date Due Date Start Date End Date Status Axience Reviewer
8/1/2023 8/7/2023 8/3/2023 8/4/2023 Delivered Yogesh
8/1/2023 8/7/2023 8/3/2023 8/4/2023 Delivered Yogesh
8/1/2023 8/7/2023 8/3/2023 8/4/2023 Delivered Yogesh
8/1/2023 8/7/2023 8/3/2023 8/4/2023 Delivered Yogesh
8/1/2023 8/7/2023 8/2/2023 8/4/2023 Delivered Yogesh
8/1/2023 8/7/2023 8/3/2023 8/4/2023 Delivered Yogesh
8/2/2023 8/9/2023 8/3/2023 8/4/2023 Delivered Yogesh
8/2/2023 8/9/2023 8/3/2023 8/7/2023 Delivered Yogesh
8/2/2023 8/9/2023 8/5/2023 8/9/2023 Delivered Yogesh
8/2/2023 8/9/2023 8/5/2023 Ongoing Yogesh
8/2/2023 8/9/2023 8/5/2023 Ongoing Yogesh
8/2/2023 8/9/2023 8/5/2023 Ongoing Yogesh
8/2/2023 8/9/2023 8/5/2023 8/9/2023 Delivered Yogesh
8/2/2023 8/9/2023 8/5/2023 Ongoing Yogesh
8/2/2023 8/9/2023 8/5/2023 Ongoing Yogesh
8/2/2023 8/9/2023 8/8/2023 8/8/2023 Delivered Yogesh
8/2/2023 8/9/2023 8/8/2023 8/8/2023 Delivered Yogesh
8/1/2023 8/7/2023 8/7/2023 On Hold Yogesh
8/1/2023 8/7/2023 8/7/2023 8/8/2023 Delivered Yogesh
8/1/2023 8/7/2023 8/7/2023 8/8/2023 Delivered Yogesh
8/1/2023 8/7/2023 8/7/2023 8/8/2023 Delivered Yogesh
8/1/2023 8/7/2023 8/7/2023 On Hold Yogesh
8/1/2023 8/7/2023 8/7/2023 8/8/2023 Delivered Yogesh
8/2/2023 8/9/2023 8/9/2023 8/9/2023 Delivered Yogesh
8/2/2023 8/9/2023 8/9/2023 8/9/2023 Delivered Yogesh
8/1/2023 8/4/2023 8/8/2023 8/8/2023 Under Review Yogesh
Axience Comments
Booked all the transactions as per the confirmation received from Tanya over email except for the transaction amounting $8
AFL for which clarification yet to be received from Arena
Booked in Loan Vision
Booked in Loan Vision
Booked in Loan Vision
Booked in Loan Vision
Booked in Loan Vision
Booked in Loan Vision
Under Review
Received confirmation on the transactions from Tanya today and we booked the entries for this entity and also done the Ba
reconciliation for same
We have mailed the worksheet of the trasnactions that requires support on 07.08.2023 and Tanya has replied on teams say
"MIke is working on getting the support as most of the items relate to the new loans that were acquired in July"
We have mailed the worksheet of the trasnactions that requires support on 07.08.2023 and Tanya has replied on teams say
"MIke is working on getting the support as most of the items relate to the new loans that were acquired in July"
We have mailed the worksheet of the trasnactions that requires support on 07.08.2023 and Tanya has replied on teams say
"MIke is working on getting the support as most of the items relate to the new loans that were acquired in July"
Received confirmation on the transactions from Tanya today and we booked the entries for this entity and also done the Ba
reconciliation for same
We have mailed the worksheet of the trasnactions that requires support on 07.08.2023 and Tanya has replied on teams say
"MIke is working on getting the support as most of the items relate to the new loans that were acquired in July"
We have mailed the worksheet of the trasnactions that requires support on 07.08.2023 and Tanya has replied on teams say
"MIke is working on getting the support as most of the items relate to the new loans that were acquired in July"
Reviewed and uploaded on 08-08-2023
Reviewed and uploaded on 08-08-2023
Difference of $2065 in reconciliation due to Bill.com transaction reversed in Loan Vision. Query raised to Tanya. Awaiting re
Reviewed and uploaded on 08-08-2023
Reviewed and uploaded on 08-08-2023
Reviewed and uploaded on 08-08-2023
Difference of $1205.07 in reconciliation due to Bill.com transaction reversed in Loan Vision. Query raised to Tanya. Awaitin
Reviewed and uploaded on 08-08-2023
Reviewed and uploaded on 09-08-2023
Reviewed and uploaded on 09-08-2023
Under Review
FLC Comments / Client Request / Feedback
First Lien Capital
Accounting and Reporting Checklist
# Description Frequency Responsible
1 Enter invoices and payment of invoices Ongoing Tanya
Enter non-invoice transactional activity for various
2 Ongoing Axience
reporting entities
Review Bank Account activity and verify bank
3 Monthly Axience
reconciliation completed
Analyze Planet Home Lending ("PHL"), StateBridge and
FCI remittance report, extract relevant data for master
4 Monthly Axience
sheets and post general journal entry to record PHL
activity for the month.
Reconcile Due from/to Planet Home on Balance Sheet
5 to total(s) reflected PHL Remittance Report(s). Identify Monthly Axience
any discrepancies.
Analyze Interim Servicer ("Interim Svcr") remittance
report, extract relevant data for master sheets and post
6 Monthly Axience
general journal entry to record Interim activity for the
month.
Reconcile Due from/to Interim Svcr on Balance Sheet to
7 Monthly Axience
Interim Remittance Report. Identify any discrepancies.
Confirm payment for any amounts due to PHL and/or
8 Monthly Dinah & Tanya
Interim Svcr have been made.
9 Post pass-through activity from FLCS (FLC 1) Monthly Axience & Tanya
Update LP's investment in FLCS worksheet and validate
10 Monthly Axience & Tanya
the book balance ties to supporting worksheet.
11 Post pass-through activity from AFL Mortgage. Monthly Axience
Update LP's investment in AFL Mortgage worksheet and
12 Monthly Axience & Tanya
validate the book balance ties to supporting worksheet.
13 Post pass-through activity from FLA Mortgage 3 Monthly Axience & Tanya
Update Performing Series A investment in FLA
14 Mortgage 3 worksheet and validate the book balance
ties to supporting worksheet.
15 Post pass-through activity from CFAI Monthly Axience
Update LP's investment in CFAI worksheet and validate
16 Monthly Axience & Tanya
the book balance ties to supporting worksheet.
Post pass-through activity from Performing Series A's
17 Monthly Axience
investment in FLAM3
Update LP's investment in Performing Series A
18 worksheet and validate the book balance ties to Monthly Axience & Tanya
supporting worksheet.
Post pass-through activity from Fifth Delta (FLC 20)
19 Monthly Axience
investment.
Update NPL OF's investment in Fifth Delta worksheet
20 and validate the book balance ties to supporting Monthly Axience & Tanya
worksheet.
21 Post pass-through activity from AFL Mortgage 2. Monthly Axience
Update NPL OF's investment in AFL Mortgage 2
22 worksheet and validate the book balance ties to Monthly Axience & Tanya
supporting worksheet.
23 Record any asset acquisitions. Monthly Axience
Record any sales and reconcile with any escrow funds
24 Monthly Axience
held by counsel for such transaction(s).
25 Reclassify any loan payoffs from negative basis to gain. Monthly Axience
Confirm amortization of loan costs (LP only) and
26 Monthly Tanya
organizational expenditures is recorded.
Reconcile total Loans Held for Sale and total REO per
27 Monthly Axience
books to totals on each trade (portfolio) master sheet.
Determine if any third-party (e.g. - attorney escrow
28 Monthly Axience & Tanya
account) activity has occurred and book accordingly.
Check for and record period end payables and accruals
29 Monthly Tanya
- including asset management fees to GP.
Review Clearing Account balances (#1049300 and
30 Monthly Tanya
#1069300) for any activity pending reclassification.
Review Loans Pending Boarding account for any
31 Monthly Tanya
potential reclassificaitons.
Review AP for old payables. Escalate for any payables
32 Monthly Dinah & Tanya
that are more than 60 days outstanding.
Run Open Vendor Entries report in LoanVision and
33 apply payments to invoices to clear entries on that Monthly Tanya
report.
Scan General Ledger for potentially mis-posted entries.
34 Monthly Axience & Tanya
Post adjusting entries and document, if needed.
Validate Gain on Sale on P&L to Master (adding any
35 Monthly Axience
sold assets to Asset Sale tab on Master)
36 Post unrealized gains/losses. Quarterly Tanya
Update Inter-company loan worksheet and adjust for
37 Monthly Axience
any entries not recorded on both entities' books.
Update General Ledger Setup in LoanVision to Allow
38 Monthly Tanya
Posting From and To dates (e.g. - month-end close)
39 Consolidate FLAM 3 with AFL Mortgage Annual Axience & Tanya
40 Consolidate FLAM 3, CFAI and AFL with FLC Annual Axience & Tanya
Additional Items
Accrue real estate taxes and property insurance on REO assets, if material
Audit and tax work accruals
Due Axience Comments LP NPL OF AFL
Bill.com activity currently done by dinah,
Tanya only records the respective payment
entry in LV
NA NA NA
Bank transactions booked and reconciliation
5 business days after done for all the CITI Bank accounts and
Done
bank statements FLPSA & AFL manager from CNB Bank
04-08-2023
received accounts. Awaitng supports and confirmation
for other entities
1 day after provided
FCI-10/07/2023 NA
by Servicer(s)
1 day after provided
N/A
by Servicer(s)
1 day after provided Booked remittances received from FAY
NA NA NA
by Servicer Servicer
1 day after provided Currently working on Reconciliation of
N/A N/A N/A
by Servicer(s) remittance received from FAY Servicer
7 days after last
servicer report N/A
received
1 day after all entries
have been completed
1 day after all entries
have been completed
1 day after all entries
have been completed
1 day after all entries
have been completed
1 day after all entries
have been completed
1 day after all entries
have been completed
1 day after all entries
have been completed
1 day after all entries
have been completed
1 day after all entries
have been completed
1 day after receipt of
information from
Shelving Rock
1 day after receipt of
information from Pass through not yet posted for NPL OF
Shelving Rock
1 day after all entries
have been completed
1 day after all entries
have been completed
2 business days No Asset Acquisitions made for the month N/A N/A N/A
Recorded Sale/Liquidation entries in loan
2 business days N/A N/A
vision
2 business days
This task was done for pulling the data for
2 business days
Master sheet
1 day after Waterfall is
completed
1 day after Bank Currently this task was performed by Tanya
Recon is completed for Feb month
2 day after last
servicer report
received
1 day after month end
2 day after last
servicer report
received
1 day after month end NA NA NA
We are currently working on this to clear all
2 business days
the differences up to 06/30/2023
Last day of current
month
This being annual tasks have not done this
yet
This being annual tasks have not done this
yet
As of
FLAM 3 AFL 2 Performing SeCFAI GP
NA NA NA NA NA
Done Done Done Done
04-08-2023 04-08-2023 09-08-2023 04-08-2023
N/A N/A N/A
NA NA NA
N/A N/A N/A
N/A N/A N/A
N/A N/A N/A N/A
N/A N/A N/A N/A
NA NA
6/30/2023
FLC Comments
FCI remittances have been booked, PHL and
Statebridge reports not received yet
Primarily for the intervening period between acquisition
and loan boarding to Planet Home's platform. Not
currently applicable to any entities.
For AFL 2 we recomciled FAY's remittances
AFL must be complete before being posted in LP books.
AFL must be complete before this step can be
completed.
FLAM3 must be complete before being posted in
Performing Series A books.
FLAM3 must be complete before this step can be
completed.
CFAI must be complete before being posted in LP
books.
CFAI must be complete before this step can be
completed.
FLAM3 must be complete before being posted in
Performing Series A books & subsequently posted to
LP's books
FLAM3 must be complete before this step can be
completed.
Export loan-level month-end balances to Excel and
search for any loans with credit balances. Confirm
paid-off with Asset Management and record accordingly.
LP loan costs are amortized through 8/2023.
This step will evolve into validation against Pyramid
Platform once we go live on that system.
Go to Reports and Ledgers | Payables Reports | Open
Vendor Entries to run report.
Will commence with Q4 2022 reports with values
provided by SitusAMC.
There has not been an intercompany loan worksheet
created to date.
This step blocks entry into prior months thereby closing
from further entry. There is not a formal month-end
close process in LoanVision.
Tasks
Cash booking
Remittance Booking
Bank Reconciliation
FCI Payment to Lenders
Remittance Reconciliation
Investment Recon Spreadsheets
Intercompany Reconciliation
Pass Through Activity
Loans Held for sale and REO Recon
Rectification of misposted entries
Consolidated Intercompany Tracker
Enter invoices and payment of invoices
Confirm payment for any amounts due to PHL and/or Interim Svcr have been made.
Confirm amortization of loan costs (LP only) and organizational expenditures is recorded.
Check for and record period end payables and accruals - including asset management fees to GP.
Review Clearing Account balances (#1049300 and #1069300) for any activity pending reclassification.
Review Loans Pending Boarding account for any potential reclassificaitons.
Review AP for old payables. Escalate for any payables that are more than 60 days outstanding.
Run Open Vendor Entries report in LoanVision and apply payments to invoices to clear entries on that report.
Post unrealized gains/losses.
Update General Ledger Setup in LoanVision to Allow Posting From and To dates (e.g. - month-end close)
Update Process Document
Entities Bank Accounts Servicer
AFL Mortgage LLC Citi Bank #5309 (AFL Mortgage LLC) PHL
FLA Mortgage Capital 3, LLC Citi Bank #2734 (FLA Mortgage Capital I LLC) Statebridge
First Lien Capital, LP Citi Bank #1050 (FLA Mortgage Capital II LLC) FCI
CFAI Special Assets, LLC Citi Bank #3861 (CFAI) Fay
First Lien NPL Opportunity Fund, LLC Citi Bank # 4088 (FLAM 3) Selene
AFL Mortgage 2, LLC Citi Bank #0844 (AFL 2 Mortgage) Shellpoint
First Lien Capital,GP CNB #0060 (FLC LP) Carrington
First Lien Performing Series A CNB #0974 (BBNY Mortgage) NA
NA CNB #2547 (FLPSA)
CNB #6045 (FLI GP)
CNB #1059 (AFL Mgr)
CNB #1423 (FL Mgr)
CNB #8538 (NPLO)
NA
Trade Name Status Type of Request Axience Reviewer
Y00-FLC Ongoing Ad Hoc Yogesh
Y04-05 AFL Mortgage Delivered Recurring Nitin
Y06- AFL Mortgage On Hold
Y07- AFL Mortgage Under Review
Y08- FLAM 3
FLC 22- CIVIC (AFL)
FLC 18 ROCKTOP(FLAM 3)
FLC 17 (CFAI)
NA
