FISCAL

FISCAL TRACKING is a loan exception tracking software specifically designed for banks and credit unions. According to the vendor, this software aims to streamline the loan management process and provide real-time insights for loan officers, analysts, back office personnel, chief credit officers, and senior business managers. The software offers built-in checklists, standardized reports, and efficient communication features.

Key Features

Standardized System: According to the vendor, FISCAL TRACKING provides a standardized system with built-in checklists, letters, and reports, aiming to make the loan exception tracking process efficient and intuitive. It is designed to handle complex relationships and loan management workflows.

Consistent Communication: The vendor states that FISCAL TRACKING offers a dashboard view that provides real-time insight into the entire loan exception tracking process, facilitating proactive communication across departments. Officer reports and customer letters can be generated easily, ensuring consistent and effective communication. The software also aims to help institutions demonstrate compliance.

Flexible Process: FISCAL TRACKING offers an efficient and intuitive tickler tracking process out of the box. The vendor claims that checklists, letters, and reports can be easily adjusted on a case-by-case basis, allowing for customization based on specific needs. Templates are available for extensive ad-hoc adjustments, and changes can be saved as new templates for future use.

Checklists: The vendor states that FISCAL TRACKING provides built-in templates for tracking loan documents and exceptions. Users can easily manage checklist items, streamlining the tracking process. The software offers an auto-advance feature to ensure a smooth workflow, and critical items can be flagged for prioritization.

25+ Standard Reports: According to the vendor, FISCAL TRACKING offers a wide range of detailed reports, including customer, category, and officer reports. Summary reports provide insights into aging, category, and officer performance, while related party exceptions and exposure can be easily tracked. The software also allows for risk assessment by analyzing portfolio concentrations.

Borrower Letters: Users can print or send personalized emails to borrowers directly from their server using FISCAL TRACKING. Multiple templates are available for different communication needs, and letters can be customized and personalized as required. The vendor claims that notifications for coming due and past due items can also be included in the letters.

Quick View Dashboard: The software's quick view dashboard provides an overview of customers with and without exceptions, displaying types of exceptions by category and aging. It also shows items received and coming due, making tracking effortless. Flagged items can be easily identified for priority attention.