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RMSI’s ExceptionComplete© provides a comprehensive
tool to automate exception handling, reporting and tracking and
works in conjunction with other RMSI Products, especially
CreditComplete©. Since the user defines the templates, elements for
each loan area, functional process, and types of exceptions, through
an interactive set of screens, it allows a virtually tailored system
without program modifications to fit the client’s environment. It is
used for functions from origination processes to loan and credit
file exception logging and tracking. Each exception may also have
tolerance levels that can be compared to financials or loan data for
covenant tracking and exception reporting. For instance, if a
covenant, like Current Ratio is given a value, it can be compared to
the actual in the latest spread on CreditComplete© a reported as an
exception if below the required ratio. This would be true for
virtually any financial related covenant. Exceptions
may be detailed or summarized by officer, branch, region, bank and
many more levels. These may be accessed via the
inter/intranet and open items may be set to automatically display at
sign on. Compare to others on the market. The cost, like its
companion products, is just as unique because there is a nominal
annual fee for three years followed by maintenance charge after the
initial period. Total costs per year will be less than any other
comparative product and there is no limit on access, number of
users, or the loan areas it may be used in (Commercial, Consumer,
Mortgage, DDA Analysis, etc). With
CreditComplete, the data base has the needed information to populate
both Word and Excel for the creation of approval document packages,
including demographic, balance and spread information, all in one
package.
Exception Definition:
• Definition of each element by item type to
define exceptions and groups
• Option to specify days or date to report as exception
• Detail verbiage for each exception detail
• Templates to use for each function, loan type and purpose
(Origination for real estate, etc.)
• System tracks at four levels: Customer, Commitment, Loan and
Collateral levels
• Comments may be added, without limit, at the four levels, thus
making the system a virtual electronic credit file
• The User License is on an "enterprise basis", meaning anyone in
the organization my use the system to track information, thus
enabling the user to spread the cost amongst different cost centers
Key Features:
• Continued monitoring of all exceptions
• Reports, distribution and management rollups and use for officer/branch incentives
• Notes/comments at all levels
• Complete history of change, with "fingerprints" of who made
changes and what the prior information was
• Add additional line items to check list at any time (add guarantors, covenants,
UCC, etc)
• Use for all types
• Policy and Compliance tracking for Management Information
Reporting
• Tracks covenants and related values (ratio levels, debt service coverage
minimums, etc.)
• Origination and Pipeline tracking and reporting
• Closing document checklists, to insure all the "I's" are dotted
and the "Ts" are crossed
• Special features for detailed Collateral monitoring
• Tracking UCCs due from Officer, Customer or Recording site plus
expiration and renewals
• Individual ticklers that may be added to each exception or for
officers, departments, etc.
• Allows centralization of all exception tracking for Management's
and Regulatory compliance
• Ties to core systems for reporting with loan and financial data/risk
by portfolio and migration analysis
• Open architecture allowing use by reporting facilities and access
by other systems
• And more
Imports:
Front end/platform systems (ACAPS, CreditComplete,
Baker Hill, etc)
Core loan systems for use after booking (customer, loan, officer,
and more)
For more information,
contact us today!
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