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  Overview Imports

  Summary

ExceptionComplete™ provides a comprehensive tool to automate loan covenant and exception monitoring, tracking, and reporting.

The Tickler system creates “action item” reminders that are integrated with the checklists. From loan origination to credit file exception logging and tracking to loan covenant compliance monitoring, ExceptionComplete™ is the solution.

ExceptionComplete™ is easily configured to each client’s environment through user defined templates, checklists, categories, item lists, and covenant and exception types. These modifications are accomplished through interactive screens and do not require custom programming.

ExceptionComplete™ provides both detailed and summary level monitoring of policy exceptions and loan covenants. Screen views and reports can be sorted, filtered, and organized by bank, branch, officer, region, etc. Report data can be exported to MS Word or MS Excel. Custom reports can be created using Crystal Reports.

The seamless integration with CreditComplete™ and fisCAL™ ensures financial covenants are monitored and provides an automated warning system for problem loans. For instance, if the borrower is required to maintain the Current Ratio above 1.2, the ratio is calculated and compared to the covenant automatically with the submission of updated financial statements. The system is configured to track and monitor items based on the institution’s requirements.

  Features

•   Track Loan Policy exceptions
•   Monitor Loan Covenant compliance
•   Create Checklists for documents, guarantors, covenants, UCC, etc.
•   Track relationship at four levels: Customer, Commitment, Loan and Collateral
•   Generate performance reports at the officer, branch, or institution level
•   Record notes and comments at every level
•   Change tracking records who edits the record and stores the previous value
•   Origination and Pipeline tracking and reporting
•   Create closing document checklists
•   Special features for detailed Collateral monitoring
•   Track UCC expirations and renewals and items due from officer, customer or recording site
•   Attach ticklers to each exception or to officers, departments, etc.
•   Centraize all exception tracking for Management and Regulatory compliance
•   Ties to core systems for reporting with loan and financial data
•   Manage portfolio risk and perform migration analysis
•   Open architecture allows access by other systems



Loan portfolio data can be imported from the institution’s host system or loan accounting system.

For more information, contact us today!

See what the RMA Journal had to say about Tracking Loan Covenants in its four part series:

An Approach to Writing Loan Agreements Covenants
Coming to Terms with Financial Covenants
Staying Informed: Monitoring Loan Covenants
An Overview of Covenants in Large Commercial Bank Loans
Vision Software Solutions • 1 Carriage Lane, Building K • Charleston, SC 29407
www.visionsoftwaresolutions.com   •  800-248-5550  •  843-571-5700