Getting Loan Information within Seconds!
AMT’s loan portfolio management system, LQAS first tracks all documents and then seamlessly integrates the images and indexes them directly to their proper place within seconds. The system can scan a pile of documents and properly place them in order instantaneously. Also, the use of an MSSQL database to store the image locations allows access to any requested image within 1-2 seconds. The system enables clients to track all credit documents with a checklist to avoid mistakes. Similarly, clients can easily keep track of all collateral documents with complete collateral value monitoring. The system provides a single environment to measure credit and collateral totals. AMT's LQAS also offers data on the guarantors including nonbank customers to get the details of total partial guarantees. Further, clients can import the bank’s grading categories and record the history of all grade changes to establish review schedule based on debt and severity of grading.
Our new model will allow banks to play ‘what if’ to get CECL allocation as close to current Allowance for Loan and Lease Losses (ALLL) as possible saving enormous allocation expenses and we are offering the model at no additional cost
Finally, LQAS solely runs on the banks’ internal servers (versus the cloud) so that all safety or privacy issues are completely mitigated. To address the issue of time-consuming regulation reporting requirements, LQAS adds 70 percent of the information needed to create a report. This information is initially imported from the various systems in the bank. LQAS then handles document tracking, borrowing relationships, loan classifications with write-ups plus ALLL allocations, and collateral valuations. “Clients can simply import the other 30 percent of external loan data needed that resides on the core and generate any new report out of 400 formats within seconds,” quips Crawford.
Managing Credit and Collateral Data on the Go
AMT brings the convenience to access all credit and collateral documents to the lender, loan assistant or inspector on their fingertips through its iPad app. Currently, if a lender visits a client onsite, they might take original or copies of documentation out of the bank. The documentation contains an enormous amount of sensitive information that could be disastrous for the bank if lost or misplaced. The iPad LQAS Loan Assistant allows the lender to securely carry all loan and customer information with them to various clients throughout the day. All needed borrower information again is only seconds away. The app can retrieve images from their demo system in less than two seconds even if the iPad is located in another country. Document imaging and the iPad app are options available if the bank wishes to add them.
Being founded and fully staffed by former bankers and/ or regulators, AMT acutely understands the needs of financial institutions. As a commissioned bank examiner for over three years and a commercial lender for another three, Crawford is well-versed with the banking industry. He created the first commercial system to track loan documents to postpone or prevent bank failures. “Through my experience, I have understood and created a method which can minimize risk to the bank through LQAS,” says Crawford. Moving forward, the company is thoroughly working towards releasing its CECL features in LQAS in the first quarter of 2019 that will be provided to existing clients at no additional cost. Crawford also believes that AMT’s model will be a cheaper option for clients looking for a standalone CECL solution. With such innovations planned for the roadmap of the company, AMT is set to revolutionize the CECL scenario for banking institutions.