Loan participation software can help banks buy and sell new loans and manage over $1.8 billion in loan participations. It helps to track important loan information, including loan details, pro-rata shares, documents, interest rates, funding and payment transaction details. The software can also notify participants when certain information changes. Unlike manual processes, loan participation software can run on a mobile device. The following are the advantages of loan-participation software.

Participate keeps track of account documents and pro-rata shares for each party. This lets downstream participants view electronic copies of documents and notifications, reject internal correspondence, and put customers on hold. Once the hold is released, the documents will be available for transmission to participating banks. During the process, they can also flag the document for resending. In addition, the software also lets banks send notifications by email and fax. A single click saves all relevant documents and notifications to every participant.

Participate can also help banks improve efficiency and reduce costs. It helps banks manage the risk of credit concentration. It provides a centralized platform to track all loan participations. The software allows originators and participants to digitize documents and loan information. It also automates workflow and e-signs documents. It reduces the traditional process by up to several weeks and gives banks additional liquidity and flexibility. As a member of the BankLabs community, we’re dedicated to simplifying loan processes for our clients.

Participate can also automate the process of loan participation. The program stores all documents and transactions in a single place, which is easy to navigate for downstream participants. It also has an email feature, which makes sharing documents a breeze. Additionally, participants can share files with each other via email. The email option allows you to attach any file, which is ideal if your company wants to send the documents through several different channels. There are several other benefits of Loan Participation Software.

The software can also manage documents. It can automatically record loan transactions, and records the pro-rata share of each party. It can also notify participants when funds are requested and disbursed, and keeps participants up-to-date on terms and conditions of loans . Another great benefit of the software is its document repository. Any new documents can be automatically notified to all downstream participants. It has customizable report templates, allowing you to keep track of all transactions between parties.

This software also offers a user-friendly interface that allows banks to send documents. It also allows users to send documents to other banks. This is a valuable feature that streamlines the loan participation process. In addition to that, it allows users to send and receive documents from multiple parties. The software is designed to make loan participations easy and convenient. This software can help you streamline your entire business. Its advanced features allow you to manage your loan-participation processes efficiently.

This software has many benefits. It helps streamline the process between lenders. It also makes it easier for participants to share documents with other parties. It records transactions and the pro-rata share of each party. The software is fully customizable, so you can customize it for any kind of loan. Its automated functionality also allows you to add additional participants to the process. The Participation software can improve your bank’s overall liquidity. By removing paperwork, you can improve the quality of your service and increase profits.

This software also facilitates communication between banks and participants. Its file-sharing options include email, FTP portal, and AccuAccount-to-AccuAccount transfer. The emails are sent through secure FTP portals. Its document-sharing options allow banks to share files between them in the easiest way possible. It also provides a host of other features to help streamline loan participation processes. The software is user-friendly and intuitive, and you can choose what works best for you.

This software allows for the exchange of documents between banks. The software records the transaction history of each loan and the pro-rata share of each party. It also lets participants update their status with the latest loan information. It has a document repository, so it automatically updates all downstream participants when new documents are added. The software also allows you to create custom reports based on loan type, maturity date, or other criteria. This way, you can keep your employees and customers informed of all activity.