Loan Workout Solutions Manage Your Modifications in One Place
Gain meaningful insight into your portfolio's risk of TDRs and automate the loan modification process for your institution's loan officers.
Learn more about the Sageworks loan workout solutions, which allow for easy tracking of at-risk loans due to COVID-19 pandemic. Our software allows community financial institutions to monitor COVID-19 related loan workouts throughout the lending and credit process and report on potential impacts to the allowance.
Our loan workout solutions allow you to:
- Track the progress of loan workouts on the road to recovery.
- Automate the complete modification process, from identifying at-risk loans to evaluating the impact on the allowance.
- Collect and store the financial statements related to COVID-19 loan modifications.
- Build dashboards to show the portfolio's percentage of loan workouts & the potential change to the ALLL.
Interested? Complete the form, and an Abrigo representative will contact you with more information.
Reduce the burden of loan workouts by partnering with our experts.
Our team of portfolio risk and CECL experts will work to alleviate the regulatory burden around COVID-19 related loan modifications that banks and credit unions are facing and help institutions identify rehabilitated loans versus TDR loan workouts.Learn More