CHICAGO (March 20, 2019) – Financial institution loan review departments are responsible for reviewing a large number of loans that are often entered and compiled manually, which is not only time-consuming but leaves the department vulnerable to human error. To help banks automate this process, Crowe launched Crowe Credit360 for Loan Review Departments, a comprehensive solution that brings a new level of rigor to documentation of loan analyses and adds innovative sampling, tracking and reporting tools coupled with dynamic data-gathering capabilities into a single platform. Crowe is a public accounting, consulting and technology firm with offices around the world.
“A number of loan review solutions exist in the marketplace, but they are not very dynamic, and some require add-on purchases that quickly increase their price and diminish their ROI,” said Scott Miller, Crowe risk consulting principal. “At Crowe, we have firsthand experience doing loan review work. We combined this expertise with our firm’s technology specialization to build a scalable, cost-effective solution that offers thorough loan analysis documentation with dynamic reporting and data gathering.”
Crowe Credit360 for Loan Review Departments allows financial institutions to:
“Using technology to automate some of the labor-intensive tasks frees up staff to focus on higher-value activities such as allowing more time for quality control review, sampling higher percentages of the portfolio and providing analyses they would not otherwise have time to complete,” added Miller.
Crowe Credit360 for Loan Review Departments joins the existing Crowe Credit360 suite of solutions. The five modules in the Crowe Credit360 suite, which all may be used independently of each other, provide financial institutions with software solutions that help them leverage data to improve in different areas of credit risk management. As a whole, the suite can also analyze the intricate relationships existing in credit risk to help a financial institution better manage all elements of modern credit risk.
To learn more and see a demonstration video, visit Crowe Credit360 for Loan Review Departments.
Crowe LLP (www.crowe.com) is a public accounting, consulting and technology firm with offices around the world. Crowe uses its deep industry expertise to provide audit services to public and private entities. The firm and its subsidiaries also help clients make smart decisions that lead to lasting value with its tax, advisory, risk and performance services. Crowe is recognized by many organizations as one of the best places to work in the U.S. As an independent member of Crowe Global, one of the largest global accounting networks in the world, Crowe serves clients worldwide. The network consists of more than 200 independent accounting and advisory services firms in more than 130 countries around the world.