LoanGrader Deposit Accounts Extract

The LoanGrader Deposit Accounts Extract application extracts all deposit accounts that have an existing loan relationship either through the tax reported for (TRF) or a specified account role, or that currently have a negative balance regardless of a loan relationship.

The .csv extract file can be used with the LoanGrader loan portfolio review solution from Lowenstein and Associates, P.C. or with other applications capable of digesting the extract data.

Note: To get the most out of the LoanGrader portfolio review solution, this DNAapp should be used in combination with the LoanGrader Loan Accounts Extracts DNAapp by Fiserv.

Benefits

Loan review is a critical part of protecting and managing your loan portfolio. To achieve ASC 310 and 450 compliance, lenders should apply consistent standards to all of their loans.

Some DNA® clients choose to accomplish this task with the help of LoanGrader from Lowenstein and Associates, P.C. The LoanGrader application helps eliminate guesswork during “pool” analysis so that your ALLL calculation is accurate and verifiable at the loan level.

This DNAapp will enable your institution to better integrate DNA® with LoanGrader so that when combined with the LoanGrader Loan Accounts Extracts DNAapp, these solutions can help you increase loan portfolio review efficiency with:

• Predictive risk ratings on every account
• Identification of changes, patterns and trends in financials, credit scores and LTVS
• Proper valuation and cross-allocation of collateral values and CLTV accounting
• Relationship liability ledgers
• Continuous data scrubbing and ongoing monitoring of new data for input errors
• Consistent monitoring and automatic grading of all  retail credits using the FFIEC Uniform Retail Credit Classification Rules
• Automatic generation of detailed loan review documents in MS Word for any selected loans.

The LoanGrader Deposit Accounts Extract DNAapp allows a financial institution currently using the Lowenstein and Associates PC “LoanGrader” software to create a .csv deposit file that can be imported into LoanGrader which allows the whole relationship of the accounts to be seen at a glance.