Collateral Tracker for Cleartouch

Overview

Understanding collateral risk is one of the most challenging and labor-intensive business processes that your financial institution must manage. Financial institutions are required to track a significant number of data points for real estate, commercial inventory and equipment, securities, deposits, vehicles and life insurance to monitor collateral value and identify accounts with a high loan-to-value (LTV) ratio.

With Collateral Tracker, you are able to manage these collateral types and facilitate collateral across multiple loans. This solution provides a common collateral tracking database that allows your financial institution to link collateral to customers and to one or more loans.

Using a customer-centric model, Collateral Tracker helps you manage risk at both the loan and portfolio levels. You can define processes that are specific to products and collateral, as well as generate timely results for management and regulatory reporting.

Accessed from Customer Source℠ for Cleartouch from Fiserv, Collateral Tracker improves the ability to track and monitor collateral for all loan products.

Features

With Collateral Tracker, your financial institution can benefit from:

• A common collateral tracking database
• Customer-level collateral tracking
• Linkage of single collateral record to one or more customers and loans
• Linkage of a loan to one or more collateral records
• Enhanced collateral tracking information
• User security
• Access to collateral information within loans
• Standardized reporting, as well as custom reports, through iVue^®