- Automating the Loan Workout Process for a National Bank
Automating the Loan Workout Process for a National Bank
National Bank Seeks Robust Loan Workout Tracking Solution
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mai 07, 2024
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As part of a large, complex lending program, a national bank required a hardened solution to provide a high degree of tracking and visibility into the loan workout advisory process over a multi-year engagement.
Our Impact
- FTI Consulting’s solution interfaces directly with Credit Administrator systems, the bank, FTI Consulting, and the third-party advisors and lenders, automatically initiating workout advisory processes and greatly simplifying the collection of data.
- FTI Consulting’s solution created automated task assignments streamline the workout process, significantly reducing delays.
- The solution tracks document versions and provides robust audit logging of all activity to meet stringent audit requirements.
Our Role
- FTI Consulting leveraged an existing FTI Workflow Platform to act as the backbone upon which the workout advisory processes run.
- Custom workflows were designed to match the precise process flows required for workout advisory.
- An integration was developed to automate data transfer from the Credit Administrator system to the FTI Platform.
- In-app communications were configured to ensure all workout activity and communication are tracked for audit purposes.
Date
mai 07, 2024
Contacts
Senior Managing Director
Managing Director
Managing Director
Senior Director