What is Credit Track?

Credit Track is a web-based loan origination, workflow, approval, monitoring and reporting software suite that helps bankers manage their loan portfolio and mitigate commercial lending risks via straight-through processing.  The origination process captures data points that are used throughout the loan life cycle, thus eliminating redundant keystrokes and improving data quality.  The application also has the capability to incorporate the bank’s unique Word & Excel documents used in the credit process.  Credit Track helps in the monitoring and tickler process via tracking covenant conditions and required financial submissions.  The application has a dashboard to track metrics as well as performing various levels of operational and management reporting.  Finally, the application is highly configurable and requires no programming knowledge to make workflow and operational changes.

To stay current on all portfolio management and workflow process needs, Credit Track offers a feature set that allows bankers to create tasks based on business flow and to manage the loan queue for the department. The application integrates these workflow metrics and helps manage various tasks and departments in tracking performance metrics.  The module even allows for tracking documents sent to third-party companies such as outside counsel.

A challenge for any department or division of a bank is to manage staff metrics and workflow while maintaining credit quality and timely receipt of financial information. Credit Track offers a simple and intuitive interface to help track all tasks related to the credit origination, underwriting, approval and monitoring process. Managers are able to assign user defined weights to specific tasks and may perform regression analyses to determine performance and workforce efficiency within their organization.

Credit Track’s unique advantages & benefits are: