Solutions

Rockall Technologies – Enterprise Collateral Management

Introduction:

Rockall Technologies Collateral Management solution automates almost 100% of the back office processing activity, from generation of the loan offer letter the entire way through to the funds disbursement, collateral exception management, collateral maintenance and collateral release. The solution significantly reduces the cost of and time between approval and disbursement and also leads to hugely improved efficiencies and control after  disbursement or credit approval in the management, maintenance and release of security. It also provides for extended loan to value processing and therefore risk management. Poor loan to value ratios, out of margins, invalid collateral concentrations can be tracked. The underlying workflow management of the solution allows for tasks, to do lists, document production and physical document management functionality independent of the collateral type. This is coupled with the strong customer, exposure and collateral relationships features. In addition the solution provides tools for measuring and controlling workload and analysing staff performance against service level agreements. The customer and portfolio information assists the relationship manager with both managing current exposures and future business. The rules and workflow features of the solution allow for the management of the risk issues this results in lower cost process, providing more accurate information to support the business risk management and ultimately improving customer satisfaction. In addition it addresses the increasingly important issue of compliance driven by:

  • Sarbanes Oxley
  • Basel II
  • General Credit Based Regulations

Product Summary

Rockall Technologies’ Collateral Management solution is designed to run either at a departmental level or at an enterprise level across all market sectors, i.e. Retail, Wealth and Commercial. The Rockall solution can be implemented to the benefit of small, medium and the largest Financial Institution. The Collateral Solution can act as a business loan administration tool which deals with the post approval administration tasks of a secured loan up to the “paid up” stage of the loan. The comprehensive database also allows for the recording of customer, loan, security/collateral and conditions data. The solution can produce (fully user configured) multi product business facility letters incorporating product details, security/collateral and conditions. After this the solution is used to track and control pre-disbursement activities such as producing security/collateral related documentation or legal instructions, perfecting most security/collateral and measuring the satisfaction of credit conditions. After disbursement the solution manages any further perfection of security/collateral, the ongoing maintenance of security/collateral, including the tracking of expsures secured by marketable securities, security/collateral valuations and the release of security/collateral. The enquiry module caters for any queries the lenders or relationship managers may have with regards to customers and status of loan/collateral. Rockall’s solution can also assist in meeting your regulatory obligations arising from Sarbanes Oxley and the advent of Basel II banking regulations.

Enterprise Framework Features:

The following are the key features of Rockall’s Enterprise Collateral Management Framework:-

  • Extensive Customer Database providing a hierarchal view of the collateral relationship you have with you customer and their entities. Alternatively you can establish a link to your existing customer database negating the need to duplicate the storage of the data.
  • Enterprise Wide Collateral Database storing relevant attributes.
  • Case Management – work flow / work control / decision control / data related - all user configured according the skill level.
  • Departmental and Team structure allowing you to establish areas, function and users best skilled to handle a task.
  • Document production and electronic storage of documents, including the ability to integrate with your document management solution for the physical tracking of inward and outbound requests.
  • Ability to link particular Documents with an associated work step or task.
  • Tasks – to do lists – Diary/Tickler Items
  • Automatic assignment of work to individuals / team according to the department and team.
  • Performance measuring against your Service Level Agreement.
  • MIS – Extensive Management Reports and the ability to build your own ad hoc reports.

System Screenshots: