Loan Covenant Tracking
With the changing lending environment over the last 10 years, commercial loan covenants have become a critical risk management tool. As a result, examiners and auditors expect to see a formal covenant tracking approach with proper controls and reporting in place. The ARCS Loan Covenant Tracking module provides a full-featured solution that eliminates spreadsheets and highlights covenant exceptions with the click of a button. Features include:
- Bank defined covenant definitions and rules
- Covenant reviews with custom approval workflows
- Historical covenant tracking and reporting
- Ability to waive non-compliant covenants
- Support for attachments
- Instant compliance reporting
Loan Level Covenant Tracking
See the current status of a specific loan’s covenants from the working file.
Perform periodic covenant testing with dynamic approval workflow.
Covenant Exception Reporting
Easily review covenant exceptions and trends with powerful reporting.