The CaseWare™ Analytics platform automates the definition of governance, risk and controls within a financial institution's lending process. The financial institution can then define the control environment from loan origination to servicing and portfolio management. Continuous monitoring of the loan portfolio allows stakeholders to quickly determine, by review of electronic records, any activities or conditions that require attention before they become problems.
Disbursement and original loan amount varies
Loan disbursement date and loan start date differs
Loans without schedules or incorrect schedules
Policy variations at origin – rates, term, principal, fees, penalties, moratorium, etc.
Service charges differ and other charges differ from policy
Loan approval limits exceeded
Collateral information missing/incomplete
Potential duplicated disbursement
Changes to schedules and customer records
Principal repayments consistently different from schedule
Payments applied incorrectly
Loans written off but not according to policy
Policy variations at servicing – rates, term, principal, fees, penalties, moratorium, etc.
Suspicious rescheduling, write-offs or refinancing
New loan disbursed to customer with overdue loans
Ex-employees still receiving employee loan terms
Loan classifications inconsistent/inaccurate
Segregation of duties violations — approval, disbursement, adjustments, scheduling, etc.
Know your customer (KYC) violation
G/L entries incorrect
Loan Officer performance reports
Loan security margin below policy
Aged portfolio at risk (PAR) and repayment rates (RR)