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Covarity Credit Monitoring Essentials for all Commercial Loans
Automate and Enhance Loan Monitoring Processes with Configurable and Transparent Borrower Tracking, Notifications and Electronic Document Repository
Covarity Credit Monitoring Essentials provide the fundamentals to centralize visibility and control across your portfolio. Covarity Credit Monitoring Essentials enable lenders to quickly configure loan review requirements and schedules for their clients regardless of the commercial loan type or portfolio segment.
Advanced data management and security options provide detailed audit-logging, and the ability to manage roles and permissions for your teams. Numerous options can be defined once and then automated, including:
- Multiple reporting schedules – with flexible annual or interim frequencies, the schedules you define will automatically diarize future reviews.
- Flexible reporting requirements – specify what financial statements or other documents are required from your clients to monitor their loans.
- Email ticklers and notifications – customize communications to remind clients and internal resources of upcoming submissions, or to advise clients when they are late reporting.
- Compliance tracking and reporting – enjoy at-a-glance reporting that highlights upcoming submissions and borrowers’ late reporting, for action by appropriate team members.
- Client Portal– optionally, extend your client service capability with an online and interactive client-facing dashboard (with your brand identity) that enables clients to transmit documents electronically and review their financial performance trends, automating receipt and eliminating time and effort in managing fax or snail-mail documents.
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