The newest loan participation software, Participate, is designed to help banks streamline the loan-participation process and reduce costs. It enables participants and originators to digitize documents and information, automate workflow, and e-sign documents. Unlike paper-based processes, Participate speeds up the loan-participation process by cutting several weeks off the traditional process. Whether a bank offers its services to large or small lenders, Participate can streamline the loan participation process from start to finish.

Using Participate, banks can automate the loan participation process. It keeps track of all transactions, including the pro-rata share of the parties. The software also notifies downstream participants of disbursed funds and new terms. The system has an integrated document repository. Any changes or additions to these documents are automatically emailed to downstream participants. In addition, custom reports are created based on loan type and maturity date. Depending on the needs of the credit union, participating parties can generate their own custom reports by using a spreadsheet or a report generator.

Participate has been designed to keep track of loan transaction history. Each participant can view their pro-rata share of loan funds. The software notifies participants of funds requests and disbursements. It also keeps them up-to-date on loan terms. Another feature of Participate is its document repository. When a new document is added, it will automatically be added to all downstream participants’ databases. The software also allows users to create custom reports by loan type, maturity date, and more. Once created, the reports can be exported to excel or other formats.

The Loan Participation process is complex. Without the proper software, it will be impossible to effectively manage the loan. This software will automate the loan participation process and make it simpler for participants and originators. It is designed to streamline the entire lending process and provide greater liquidity and flexibility to banks. Its user-friendly interface and advanced features will help you streamline the loan participation process. The application can also automate the document-management workflow. It can even save the originators from manual work.

Participate records loan transaction history, including the pro-rata share of each party. It will automatically notify participants when funds are requested or disbursed, and keep them up-to-date on the loan’s terms. Moreover, Participate has a document repository that automatically notifies downstream participants of new documents. It also offers customized reports by maturity date, loan type, and other parameters. It can also export data to excel for further analysis.

Besides automating the loan participation process, Participate helps the originators and participants share loan information. It also ensures that the loan’s pro-rata share is recorded accurately, and that all participants are updated on the terms of the loan. Its document repository allows for easy sharing of documents, including the terms of the loan. It also lets the downstream participants download documents. In addition to automating the loan participation process, Participate is free to use and download. The software is available for both print and digital subscriptions.

Participate records transaction history for the loans , including the pro-rata share for each party. It also automatically notifies the downstream participants when funds are requested or disbursed, and keeps participants informed of the loan’s terms and conditions. Lastly, Participate has a document repository, and automatically notifies downstream participants when new documents are uploaded. Its custom reports are generated by maturity date, loan type, and can be exported to excel.

Participate is an end-to-end loan participation software that automates the process. It allows participants and originators to exchange loan information through a streamlined interface. By automating the workflow, banks can cut weeks from the slow origination process and gain more liquidity and flexibility. It also automates the loan documentation process, making it easier for the originators to collaborate with the participants. The Participate loan platform is also available for digital and print subscriptions.

Participate can automate the loan participation process and reduce the cost of compliance. Its CECL reporting tool lets participants and originators share loan information and automates workflow. With Participate, financial institutions can save time and money by automating the loan participation process. This software is designed to cut weeks from the slow origination process and provide the flexibility and liquidity required by banks to expand their business. It is essential to make sure your bank is compliant with CECL rules.