Non-Performing Loans

Overview

The volume increase in impaired loans due to the worsening of the economic situation requires the operating capacity of organization units to be increased also. Therefore, Focus Solutions has developed this solution; this has been done in order to generate an increase in the efficiency of operating capacities by automating management processes.

Features:

The FOCUS NPLM platform is dedicated to the accounting management of default positions, it manages all different categories of the impaired loan portfolio (Past Due, Substandard loans, Restructured Loans and Bad Loans), focusing on data quality, to identify the most appropriate management strategies in addition to Watch List.

This platform allows the entire Dispute Management process to be handled and the position to be monitored from the time it is assigned to the legal counsel or to the independent company up to its closure. It manages both in-court and out-of-court recovery.

Detailed Customer Information; personal information like (address, phone numbers, emails), financial amounts like (Exposure, Interests, Provision, Limits, Collections), Summaries like (Last collection, last follow up, Cases)
Balances and financial summary including; (Direct, Indirect), Financial Summary (Provisions, Interests, Collections, Legal Fees).
Follow-ups summary (Calls, Visits, Promise to pay) in addition to reminders for the next follow-ups.
Credit recommendation decisions.
Mortgage Bonds full information (Date, Value, Accepted collateral, interest percentage).
Maker checker screen (approval process for some screens like collaterals, transactions, Credit Recommendation Decisions.

Benefits:

Daily base Provision calculation.
Reporting module; Portfolio Statistics, Collection Reports, Provisions Reports, Statistics Reports, Classification Reports).
Can be customized for any country.
Multilingual.

 

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