Credit Quality Solution

DiCOM Loan Review software, developed by Abrigo, is a tool designed to streamline the loan review process for banks and credit unions. This software is specifically tailored for financial institutions, banking organizations, credit unions, risk management professionals, and loan review teams. According to the vendor, it aims to automate the credit risk review process, identify emerging credit risks, achieve efficiency gains, reduce losses, and instill confidence in the loan review process. Whether you are a small community bank or a large credit union, DiCOM Loan Review software provides tools to enhance loan review capabilities.

Key Features

Loan review workflow automation: According to the vendor, the software can streamline the loan review process for banks and credit unions by automating credit review workflows, helping to ensure that underwriting and portfolio management align with risk appetite and expectations.

Identify emerging credit risks: The vendor states that DiCOM Loan Review software can help banks and credit unions identify emerging credit risks. It offers dynamic risk assessments and automated scoping, allowing for the creation of risk-based samples in minutes, which can help mitigate potential credit quality deterioration.

Achieve efficiency gains: According to the vendor, banks and credit unions can achieve efficiency gains with DiCOM Loan Review software. The software offers automated data integration and customizable workflows, which can free up time and ensure consistent loan reviews. Dashboards provide performance insights by segment, teams, and more.

Reduce losses: DiCOM Loan Review software aids in the identification of problem loans, according to the vendor. It offers vigorous reporting capabilities that provide visibility across a range of loan data. Summaries of reviews, exceptions, and portfolio concentrations enable better decision-making.

Quality reviews: According to the vendor, DiCOM Loan Review software helps identify risks and reinforces consistent underwriting and controls, resulting in efficient and effective credit risk reviews that impress board members, management, and examiners.

Accurate data: Integration with Abrigo's lending and portfolio risk platform, according to the vendor, provides quick access to loan data. This saves time previously spent on gathering or entering loan information, ensuring accurate and up-to-date data for loan review processes.

Integrated systems with Abrigo: The vendor states that DiCOM Loan Review software seamlessly integrates with Abrigo's credit analysis software, Sageworks Credit Analysis. This integration streamlines credit spreading and automates the credit underwriting process, allowing analysts to enter data once and enforce credit policies in a digital lending environment.