WebEquity Solutions's8482; LLC (WebEquity), the proven leader of on-demand lending software, today announced the availability of WebEquity's8482; version 7.1. The new release delivers new capabilities to help financial institutions streamline their credit analysis (http://www.webequitysolutions.com/products/credit-analysis.asp) processes and better manage the risk of their overall loan portfolio including; stress testing, additional commercial real estate functionality, updates for Small Business Administration (SBA) forms and added integration to core banking and legal loan documentation systems.
The WebEquity software provides financial institutions with a single lending system (http://www.webequitysolutions.com/products/on-target.asp) for financial analysis and risk management (http://www.webequitysolutions.com/products/portfolio-risk-management.asp) of their entire loan portfolio
including commercial industrial, commercial real estate, agricultural, construction, small business and consumer credits. This on-demand (http://www.webequitysolutions.com/technology/our-technology.asp), fully hosted solution also eliminates technology
hassles for a lender; with the WebEquity software there is no software installation, reduces IT infrastructure costs and upgrades are automatic.
WebEquity Version 7.1 highlights include:
Risk Management Dashboard-- offers a powerful management tool to analyze and manage loan portfolio risk. The Dashboard includes stress testing, risk concentrations and sensitivity
analysis as well as additional flexible portfolio reporting capabilities.
Commercial Real Estate 's38; Construction-- enhanced functionality provides deeper financial analysis and credit quality management capabilities to address the unique decisioning
requirements for commercial real estate and construction loans. WebEquity 7.1 delivers additional industry templates, chart of accounts and ratios for processing commercial loans.
Group Consolidations-- added capabilities to the current consolidation functionality which allows more flexibility for lenders to group multiple entities's financials into an associated
group credit action. This provides much more thorough financial analysis to enable the financial institution to make better informed credit decisions.
SBA Forms Update-- updated Small Business Administration forms to current standards for Express Loans, PLP Loans, 7a Loans and additional SBA required forms. The availability of these
forms directly in the WebEquity system help lenders expedite the credit decision process associated with servicing small businesses.
Systems Integration-- enhancements to WebEquity'ss open API layer deliver integration (http://www.webequitysolutions.com/technology/web-services-integration.asp) with the Fiserv Premier core
banking, Wolters Kluwer Arta loan document and Salesforce.com CRM systems. This integration provides distinct advantages for a lending institution by eliminating time consuming data
entry, improving data accuracy and increasing availability of comprehensive lending data for analysis.
One of the top challenges facing lenders today is managing the risk of their loan portfolios and having good data and analytical tools to accurately assess their institutions's exposure
is critical, said Doug McGregor, CEO of WebEquity Solutions. Portfolio stress testing, more in-depth financial analysis for commercial real estate credits and integration with other
banking systems are just some of the areas where we are aggressively investing to help our customers meet the more stringent risk management requirements from their regulators.
The WebEquity version 7.1 enhancements are available immediately and automatically updated for all if the WebEquity on-demand, hosted customers.
About WebEquity:
WebEquity's8482; is the proven leader in on-demand lending software. More than 500 financial institutions (http://www.webequitysolutions.com/customers/our-customers.asp) and 10,000 lending professionals use WebEquity to
automate and streamline their lending process and reduce operational costs, while making more uniform and profitable credit decisions. The company offers financial institutions a distinct
advantage with a single solution that works for all loan types, an on-demand model that provides centralized, anywhere access, and the flexibility to configure the system so it fits their
lending practices. WebEquity serves institutions in the U.S., Canada and Australia. For more information call 800-264-0787 or visit www.webequitysolutions.com.