Regulatory requirements have drastically increased in the past years. Staying on top of compliance issues and monitoring your policy’s use can take up significant resources.
Collateral360 gives you the ability to embed your lending policies into the platform, ensuring each transaction is managed to your credit and risk standards, and easily demonstrating compliance to auditors and regulatory examiners.
When loan parameters are entered, the platform dictates the level of due diligence needed to satisfy policy. Exceptions may be granted, but not until approved by the proper management. Permission-level access and functionality ensures staff perform only their specific granted functions. A sample environmental policy can be found here.
WHAT IT'S USED FOR
- Comply with regulatory requirements
- Administer internal policy across your organization
- Allow management to grant and report on policy exceptions