FI Compliance Solutions, a risk management firm headquartered in Philadelphia, has announced a product that it says will allow CUs to review their loan portfolios in real time.
The new software, called ActioNsight, lets CUs analyze their loan portfolios much more quickly and with less effort, according to the firm.
"Many of our clients were looking for a cost effective way to evaluate and monitor their loan portfolios," said Eric Strohl, CEO of FI Compliance Solutions. Today, the process is typically done manually and takes months to complete. In addition, the process can become very costly when having to get updated borrower information on collateral values and credit scores.
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