> For the complete documentation index, see [llms.txt](https://quantixfinance.gitbook.io/quantixfinance-docs/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://quantixfinance.gitbook.io/quantixfinance-docs/credit-lifecycle/lender-review-and-commitment.md).

# Lender Review and Commitment

Lenders assess the prepared opportunity and decide whether to commit. In a pool, this is the decision to deposit capital or to leave existing capital deployed rather than withdraw it; in a single-lender facility, it is the decision to fund a specific loan directly, on its own terms.

What a lender is committing to is fixed and visible before they act, not disclosed after the fact or negotiated case by case: the pool's settlement asset, its capacity and current utilization, the fee schedule, the delegate's first-loss commitment, and the loss waterfall that determines the order in which losses are absorbed. The same metric set described under Loan and Pool Records is available at this exact decision point — not buried in a separate report a lender has to go find — so that committing capital is something a lender can actually evaluate, rather than something they're asked to take on trust.