We understand that managing delinquent loans can be a complex and time-consuming task. That’s why we developed the Commercial Loan Workout feature of our Square 1 Credit Suite platform.
The Commercial Loan Workout feature is a powerful tool that allows financial institutions to effectively manage their efforts to collect on delinquent loans. It includes a range of features that can help institutions to streamline this process, such as past due action plans with follow-up dates, watch list reporting of criticized and classified loans, user-specific dashboards to monitor problem credits, and email notifications to users regarding action plan next steps.
This feature also includes portfolio reporting of past dues, watch list, charge-offs, and more, providing a comprehensive view of the institution’s problem credits.
By using the Commercial Loan Workout feature from Suntell, financial institutions can:
- Save time and resources: By automating the process of managing delinquent loans, institutions can save time and resources that would otherwise be spent manually tracking and following up on problem credits.
- Monitor problem credits: The user-specific dashboards and email notifications included in this feature allow institutions to stay on top of their problem credits and take timely action to address them.
- Maintain a comprehensive view: The portfolio reporting included in this feature provides a comprehensive view of the institution’s problem credits, helping them to identify trends and patterns and focus on the areas that need the most attention.
Overall, the Commercial Loan Workout feature is a valuable tool for financial institutions looking to effectively manage their efforts to collect on delinquent loans. We believe it is an essential component of any comprehensive credit risk management program, and we are confident that it can provide significant value to our customersW