Updates to Automated Non-accrual Participation Processing in COMMERCIAL
We think you’ll be excited about some updates to our COMMERCIAL ™ software during the 5.4 release. We added a mod to the system in 5.4 for Automated Non-accrual Participation Processing. This means that when a loan goes into non-accrual, its participations can be set up to automatically go into non-accrual as well.
The Automated Non-accrual Participation Sold/Investor Processing enhancement in COMMERCIAL automates the creation of non-accrual participation sold/investor transactions. Optionally, when the facility is placed into non-accrual accounting status by the user, the participation sold/investor tracking can also automatically be placed into non-accrual status. All of the necessary actions to accomplish this are automatically created and processed by COMMERCIAL This enhancement will allow financial institutions to proceed much more efficiently through the entire process of placing a loan and the associated sold participations/investors into a non-performing status. This also reduces/eliminates the operational risks associated with the manual process.
For more details regarding this functionality, please contact your Shaw Account Executive at 713.782.7730 or firstname.lastname@example.org. Interested in our loan servicing software? Shaw invites you to experience the knowledge, service, and expertise that others have known since 1967 at Shaw Systems. Please don’t hesitate to call us if we can be of assistance.