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 loan-level review periods to ensure timely updates of covenant compliance, and generate detailed actionable reports for quick and easy remediation.
- 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 review dashboard
- Covenant exception reports
And coming soon to BankPoint in early 2019: Automated covenant exception workflow. This enhancement will further improve the process by automatically notifying borrowers of exceptions and allowing them to upload required documents and information for review and approval. Think of it as “hands free covenant compliance”.