Ferryt Collateral Credit is meant for recording and managing various types of loan collateral. It automates the entire life of collateral, from the moment it is reported, through verification, acceptance, establishment and enforcement. Its key functions include handling valuations and loan security monitoring. While providing a view of the current status of the collateral in place, the solution improve the safety of loan servicing.
Ferryt Collateral Credit stores detailed information on the features of loan security and the related elements. Data concerning valuations, encumbrances, transactions, inspections, recovery. Users have an option to add, review, modify and remove loan security.
The system separates the object of security from the very loan security. As a result, it is possible to relate one loan to a number of transactions.
Ferryt Collateral Credit verifies the correctness of the data entered and provides a complete audit trail. It is open to communicate with other systems through dedicated interfaces.
This module performs automatic loan security monitoring in line with the periods determined in the rules. Monitoring actions may be adapted to users’ individual needs based on rules that can be configured. Material information concerning loan security may be provided to external systems as various signals.