Automated reporting for consumer and commercial loans
LoanStreet automates and distributes regulatory-compliant, monthly investor reports for consumer and commercial loans to buyers and sellers of participations and whole loans, ensuring all parties have access to the information they need. Our automated reporting streamlines the entire process for your institution, covering accounting entries, regulatory entries and other forms of financial performance reporting.
CECL for Loan Participations
Consolidate your loan portfolio
Create a single end-of-month process across all of your transactions and loan types by consolidating your existing loan sales or purchases whether participations or whole loans into the LoanStreet platform. With our reporting tools in place, your institution can rapidly scale your loan portfolio strategy with confidence and clarity.
Simplify regulatory compliance
LoanStreet’s regulatory and GAAP-compliant reports allow you to stay ahead of CECL requirements and respond to compliance requests with ease and is specially tailored for the complexities of purchased loan portfolios where premiums, discounts and ever-changing loss rates need to be managed across many partners. Automated, detailed accounting and financial reports can be sent directly from our platform to ensure the timely delivery of necessary information.
Cut costs, save time
Our automated consumer and commercial loan reporting allows financial institutions to reduce the traditional costs of manual investor reporting and remitting, accelerating the time you deliver, receive, reconcile and ingest reports each month from several days (if not weeks) to a few hours.
Streamlined for your needs
Detailed, distinct records
View granular, loan-level payment information as well as summaries to support reconciliation for accounting and regulatory entries.
Discrepancy identification
Identify and resolve exceptions from counterparties that are virtually impossible to locate manually.
Unified data sets
Leverage and benefit from a single, unified model transforming unstructured, disjointed data sets from multiple distinct sources.
High-tech automation
Eliminate inefficient manual processes that lead to inaccuracies and high operational costs and, equally importantly, close your books on time!
More about the LoanStreet platform
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