Fall Release: Loan Presentation, Documentation Tracking, and NAICS Concentration Reports

The topic of our last Lunch & Learn session was our Fall Release and the changes to Loan Presentation and Documentation, as well as a new NAICS Concentration report.  The release has been available since October 19th and we used the November Lunch & Learn sessions to provide people with an overview of the changes.

Loan Presentation has incorporated changes to allow for an easier loan renewal process.  For example, if you renew loans with a new loan number, you can now flag loans that are being paid off so that they are excluded from your overall customer totals on the reports that you present to loan committee.  We also now allow for changes in the Unfunded Commitment field if you are doing a renewal with the same loan number so that you can indicate increases or decreases in lines of credit.

In Documentation Tracking, the balances associated with exceptions have been modified to reflect the type of exception: Customer, Collateral, Loan or Guarantor.  For example, a collateral exception will only reflect the balances of loans to which that collateral is pledged, providing an accurate picture of the balances affected by that exception.

A new NAICS Concentration report has been added with this release, providing a list of loans by industry concentration.  A one-time conversion routine is done at the time of update to set the loan-level NAICS codes.  The report is available in Detailed and Summary formats.

If you have any questions about the new functionality, please contact Customer Support at 888.848.7349, Option 1. The Lunch & Learn session on this functionality was recorded and is available for viewing on the Lunch & Learn page. You can also register for upcoming Lunch & Learn sessions.

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