Private Credit: Loan Operations
Background
A lending team shared with us that their primary paint points were that their processes were manual, inefficient, and error prone. Their deal flow was primarily e-mail based and lacked data tracking and consolidation to be able to make fast loan and trading decisions. The lender wanted a solution to help them streamline their workflow so they could quickly access historical credit and loan agreements and pull out key data points.
Solution
Claira integrated with the lender to directly receive final executed documents upon Loan Closing, producing an auditable and traceable data feed to onboard the loan into a Loan Management System (e.g. LoanIQ). On an ongoing basis, Claira analyzes financials and calculates the required metrics to monitor the loan. Claira seamlessly bridges the gap between the lenders (customer relationship management) system and PMS (portfolio management system) and enables them with a quantifiable competitive advantage in the market.
Benefits
Reduce turnaround time and effort to get loan on-boarded into loan management systems, reduce data error.
Reduce effort, error, money, time to monitor loans.
Ease audit process when the bank goes under review. All data and calculations are traceable to source.
Better informed originators and underwriters when negotiating new deals.
More data driven investment committee approval process.
Enhanced data availability and quality for internal systems.
