Fall Release: Personal Financial Statement and AgExam Subreports

The topic of our Lunch & Learn session yesterday was our Fall Release and the re-designed Personal Financial Statement and AgExam Subreports.  It was our most attended Lunch & Learn to date!  The release has been available since October 19th and we are using the November Lunch & Learn sessions to provide people with an overview of the changes.

The new Personal Financial Statement in Credit Analysis is incredibly flexible.  Supporting schedules will dynamically grow to accommodate as much information as needed.  Schedule information can also be imported for prior periods to eliminate duplicate data entry.  The re-design was intended to make the PFS much more user-friendly, and also to assist with global financial statement analysis.

Additionally, the spreads of AgExam are now available as Subreports.  Your organization can build customized annual reviews, presentations for loan committee, watch list reports and more from the available Subreports.

If you have any questions about the new functionality, please contact Customer Support at 888.848.7349, Option 1.  The Lunch & Learn session on Personal Financial Statement and AgExam Subreports was recorded and is available for viewing on the Lunch & Learn page.  You can also register for upcoming Lunch & Learn sessions, including the session on November 16th that covers the Fall Release: Loan Presentation Renewals, NAICS Reports, and Documentation Tracking Report exception changes.

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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.