You may examine a borrower's financial records and tax returns in a consistent manner by using the robust financial spreading tool included into our loan origination software. This aids in determining the risk of lending to the borrower and the borrower's creditworthiness.
You may expedite the process of evaluating financial data and make well-informed loan selections more quickly by using our financial spreading software. The financial spreading features of our software may be tailored to your unique requirements and are made to comply with industry norms. Our financial spreading software may assist banks, credit unions, and other lending institutions in risk management and lending decision-making.
Additionally, it comes with an electronic tax return reader that can import tax returns in PDF format and instantly fill spreadsheets with pertinent financial data. This comes with a variety of configurable spread templates that let you arrange and analyze financial data in a manner that makes sense for your organization. It also saves time and eliminates the need for manual data entry, freeing you up to concentrate on studying the data rather than entering it. Our program offers pre-built templates that you may use or develop your own.
One of the most important tools for controlling loan risk is financial spreading. You can determine the risk of lending to a borrower and have a better understanding of their capacity to repay debts by evaluating their financial data in a standardized manner. You may give borrowers risk ratings using both objective and subjective metrics using our financial spreading software's risk rating tool, which will help you standardize and defend your risk assessments.
Our financial spreading software offers portfolio reporting features that let you divide and examine your whole loan portfolio in addition to analyzing individual loans. This might assist you in seeing patterns and trends in your portfolio and concentrating on the areas that need the most care.
Because external circumstances and the economy are subject to change, it's essential to periodically assess a borrower's capacity to repay debts. A stress testing tool in our financial spreading software lets you evaluate how effectively a borrower might be able to endure fluctuations in interest rates, cash flow, and other factors. You can control risk and make wise financing selections by doing this.
Importing a PDF tax return for automatic distribution may save a significant amount of time by eliminating the need for human data input.
Reader for Electronic Tax Returns
Complete tax forms and their accompanying schedules import quickly.
Assistance with IRS Forms 1065, 1040, 1120, and 1120X
Support for Form 8825, M1, M2, C, E, F, L, and IRS Supplemental Schedules
Spread reconciliation guarantees that the data being imported is accurate.
Suntell exceeded our anticipations. not only with their product but also with their client support. After installing software, I usually ask myself, "Would I make the same decision again?" and in this instance, there is no question in my mind that we made the correct choice.
Vice President of Agriculture and Commercial Lending, Trisha L.
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