This page contains the most important details of this project. If you find the information on this project inaccurate or inappropriate, please let us know by contacting us.
Project Main Details
Project Parameters
Script Details
When disaster strikes, are you certain your bank holds a perfected security interest in collateral?
Bad loans have been the primary cause of almost all bank failures. Because no banking activity is riskier than lending mongy, our examiners spend a major part of their time evaluating loans and the bank systems that produced them.
How will your bank perform when the examiners come calling?
Since the installation of MainStreet StreetSmart system at my branch, we've been able to better track our loans and exceptions. The ease in which we are able to pull reports and access customer information is noteworthy. The availability of being able to access scanned documents at the click of a mouse is invaluable. StreetSmart is an indispensable tool to the industry.
Did your lender get all the documentation needed to make a good lending decision?
StreetSmart has removed the stress of housing credit files at the main office. StreetSmart allows me to stay in my office with my customer and not leave them to pull documentation. It allows me to pull up what I need and not have to use the time of others. Time is spent being more efficient and allows me to give better customer service.
Recent banking industry reports suggest that earnings growth will experience a slowdown in the coming year. According to one analyst, "Bank earnings are telling us us to watch out. The yield curve is flatter, rates are higher, economic growth is slower and loan losses are picking up.
In fact, most analysts consider credit losses as one of the most significant drags on bank profits this year, matched only by the continued effect of a flat yield curve.
It's been documented that lending errors frequently result because of management's failure to obtain and properly evaluate credit information. Comparative financial statements, income statements, cash flow statements, missing and/or inadequate collateral or loan documentation, security agreements, appraisals, insurance and credit checks should be contained in the bank's credit files. Failure of a bank's management to give proper attention to credit files makes sound credit judgment difficult, if not impossible.
StreetSmart for Banking revolutionizes the process of effectively managing loan files by allowing you to:
Capture documents electronically, providing instant access throughout your network;
search and retrieve by name, unique number, date, document type;
organize and manage customer information for rapid retrieval;
generate reports on missing, expired and corrected documents;
define transactions and the documents required for each;
determine user access and information availability;
create reports by departments, officers, branch and more.
StreetSmart for Banking is designed with open architecture, allowing for a seamless integration with any processor you may be using.
Effectively tracking loan files and exceptions will minimize risk exposure to your bank. Yet, tracking and maintaining exceptions today is still primarily a manual task, accomplished through error-prone homegrown applications and spreadsheets. StreetSmart replaces this manual process with automation. Automation ensures that exceptions are identified quickly and tracked throughout the life of the loan.
StreetSmart also packages Reporting with its enterprise solution, or File & Exceptions Tracking solution. StreetSmart compiles "canned" and "custom" reporting capabilities to deliver all loan-related information in an easily interpretable format. Whether a lender wants a snapshot view of all exceptions for a particular customer, or management wants to view exceptions by priority of loan balance, StreetSmart delivers it quickly and without significant user training.
It's no news that the current, changing economic landscape demands a keener eye in matters of lending policies. With the StreetSmart suite of products, your bank can minimize lending risks with a non-intrusive implementation that satisfies lenders, customers and compliance issues alike. While protecting your bank's existing loan portfolio and collateral.
Voice-Seeker Details
Voice123 Team Comments
Voice123 consultations with this voice seeker regarding this project and/or other projects by this voice seeker, via phone, chat, and/or email.
This project - phone.
Previous projects - phone.
This project - email or chat.
Previous projects - email or chat.
Corporate web site for this voice-seeker confirmed by Voice123
Note: Voice123 strives to establish the legitimacy of all projects posted. However, Voice123 subscribers and users are responsible for confirming information stated by prospective voice seekers, agents and/or clients. Voice123 subscribers and users assume all liability for use of any information found through Voice123, LLC, or any of its publications.



