Documentation Tracking: Portfolio Management

Our most recent Lunch and Learn session was on Documentation Tracking Portfolio Management.  We discussed using the Advanced Search to narrow down your ticklers based on type of exception, or number of exception days, or other criteria. Using the Advanced Search Results, you are able to do the following:

  • Reassign Officer:  This is helpful if a loan officer leaves your organization, or to assign unassigned items.
  • Export:  Save your results to a .csv file
  • Letters:  Send letters, either with a generic template or a specific template.
  • Reports:  Create a Documentation/Exception report.  The reports include the total exposure associated with the exceptions on the report.

For example, you can used the Advanced Search to locate all customers with outstanding Financial Statements and Tax Returns.  You can then use the search results to send a letter to all of these customers, reminding them of the requirement to provide updated financial information.

To view the recorded Lunch and Learn session, please visit our Lunch and Learn page (log-in required).

Share this post

FAQs

How does a loan origination system work?

An LOS is defined as a system that automates and manages the end-to-end steps in the loan process – from the application, through underwriting, approval, documentation, pricing, funding, and administration.

What is the difference between loan origination and underwriting?

A loan officer is someone who works for a bank or credit union or other financial institution and offers loans to borrowers, while an underwriter is someone who analyzes documents from potential borrowers to determine if they are eligible for a loan.

What are the benefits of loan origination software?

By now, lenders are well versed in the benefits of a digital loan origination system, such as: Providing borrowers with easy, streamlined, and digital applications. Providing bankers with automating spreading and financial analysis tools.