Centralizing and standardizing loan covenants and documentation can help save money, reduce exposure and improve the quality of your loan portfolio. With LoanXpert, financial institutions have a state-of-the-art tool to reduce the number of exceptions, minimize loan loss risk and decrease client servicing costs.

LoanXpert provides a flexible framework to securely monitor document, policy, compliance and exception management across lines of business using a proprietary workflow engine developed by Sydel Corporation. By automating the administrative and relationship management aspects of loan portfolio management, the financial institution has a centralized database allowing for the:

• Loan pre-approval workflow including over fifteen steps to handle every step of the approval
• Entry and/or upload of loan details, covenants and loan administration items
• Risk Rating of loans using uniform criteria provided by regulatory agencies
• Development of customizable letter templates to send to borrowers and guarantors outlining their documentation responsibility
• Notifications to Account Officer that covenants or documents should be reviewed via workflow processes, followed by approval from management and the credit risk department
• Documentation of covenant or document receipt by account officer and upload of images
• Loan maturity notifications for renewal or closing out of loans
• User-defined Concentration Analysis including both summary and drilldown detail