BankPoint tracks loan-level covenants and raises alerts for covenant exceptions, bringing them to the forefront and allowing your team members to sleep easy. Define covenant-level review periods to ensure timely updates of covenant compliance, and generate detailed actionable reports for quick and easy remediation. Unlike traditional loan tickler software which uses simple reminders, BankPoint captures detailed loan covenant information and provides a formal review process for ensuring compliance and eliminating exceptions across the portfolio.
Features include:
- Covenant dashboard
- Customizable covenant types at the system level
- Current and historical covenant types at the loan level
- Current and historical covenant reviews with approval workflow
- Covenant exception reports
