Features

passIT's leased service is constantly updated through input from our customers. passIT supports virtually all the CRE guidelines with the primary focus being a true management information system.
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• Provides the critical ability to understand a portfolio’s risk profile, including extensive stress testing, to enable informed management decisions, a key factor in today’s world
• Easily captures the non-financial loan characteristics such as guarantors, participants, loan type, product type, sales or leasing status, sales price, leasing rates, owner-occupied and location
• Click of a mouse ‘real-time’ reporting for management, the board and owners
• Controlled security access though any bank Web browser which meets or exceeds regulatory and accounting standards
• Audits and tracks data changes by whom, when, and what
• Stores all loan documents including prior credit requests, tax returns, financial statements, property inspection reports, etc in their original format such as Word, Excel, and PDF with an easy-to-follow graphic layout for quick viewing
• Proposed loans are analyzed to determine the concentration impacts on the existing portfolio as part of the approval process
• Specifically designed to limit portfolio losses and increase profitability, while adding an incremental comfort level to regulators and their CRE guidelines
• In virtually all banks, the operational efficiency alone generates a positive cost/benefit
• Agent banks can provide free restricted viewing to their Participant banks for the Notes and related information they have purchased
• Maps Participants and Guarantors to each note and tracks new loan availability under guidance and revolving lines
• Loan commitments can be segregated into separate interest reserves, contingency reserves as well as direct project costs
• Portfolio Concentration Reports have easily managed bank set sublimits
• Bank employees have differing levels of view and edit capabilities depending on the location of the group they belong to and on their authority level
• Stress testing reports on Leased properties based on NOI, DSC or market interest rate for an individual loan, product type, or portfolio wide
• Stress testing reports on Sale properties for Loan Absorption reports; with accelerated repayment, tracks the resultant LTV, lot basis, and new accelerated repayment rate
• Stress testing reports on Sale properties for Borrower / Guarantor cash interest payments including Global Liquidity
• Stress testing reports for pro forma principal repayment
• Stress testing reports with LTV discounting based on appraisal age
• All reports have pre designed graphs that provide options to further select classic characteristics based on the report
• Vacation / Medical Leave / Employee departure - loan handoff responsibility’s
• Easy and intuitive navigation, user friendly designed for all levels of users