CREDITSTREAM streamlines your credit processing operations. You no longer need to input data a second (or third) time prior to boarding to the host application. CREDITSTREAM imports the required boarding information from your origination processing system and loads the data into the boarding pipeline. The data is imported based on a user-defined template that can move the data as is, translate the data to codes and values needed in the boarding system, or conditionally set a value base on the existence of other records or information. An example of the latter is setting the collateral code on the loan if collateral setup information exists on the import file.

Once in the pipeline, any changes to the deal prior to boarding can be made by reimporting the deal from the updated origination processing file, or by entering the changes directly into the pipeline tables. An example of data changing would be a one-day delay in the loan being booked and money released. This would cause the start dates for interest accrual to change.

Prior to actual boarding, items may be tracked and activities scheduled that are required to perfect the boarding. Rules may be set during import or at boarding. These rules may be set to prevent boarding until a specific action is taken, or they may be set to generate a post-boarding followup. A sample rule might be requiring a borrower signature.

When all rules have been met, the deal may be processed for boarding. A deal selected for boarding displays a tree diagram showing all of the components to be boarded. The tree allows selection of components to bypass to complete the deal. An example of this would be a deal with 40 pieces of collateral, and one piece of collateral has not been received by the bank. The decision to proceed with the deal could be made based on the existing collateral, in which case the missing collateral would be flagged to not board, and a followup for delivery of the collateral would be created. When CREDITSTREAM boarding completes, the boarded pieces are available for review in the input transactions.

After the host system has run an update, the data is reconciled with CREDITSTREAM as an audit. What successfully boarded is compared to what was sent to boarding. This reconciliation flags transactions that may have been manually deleted in the host system. A byproduct of the deal reconciliation process is the movement of tracking items tied to the boarded pieces from pipeline to tracking.