Crowd Machine, a full featured asset-based lending portfolio solution, created in partnership with technology company Metavine, Inc., and CoreVision Strategies, LLC., embodies the best practices of asset-based lending. Crowd Machine provides commercial lenders, banks and customers with a fully customizable real-time asset-based lending, collateral monitoring, and compliance solution. It has been designed from the ground up by industry experts in the ABL field. Its core focus is to quickly identify and minimize risk. Many banks currently rely on this cloud-based mission critical application to manage their asset-based lending portfolios. The Crowd Machine platform allows lenders to confidently, proficiently and cost-effectively extend new loans and service existing loans.
Crowd Machine provides both borrower and lender portals, allowing lenders to manage loans, while borrowers can gain access to loan information, upload collateral information anytime, and request draw-downs against funds. Through Crowd Machine, the lender has the ability to examine, monitor and track a borrowing base as the system implements a number of complex algorithms for the purposes of calculating borrowing bases against an asset base. The application performs hundreds of thousands of transactions daily, 24/7, with the majority occurring at peak load times. Crowd Machine also includes “loan alerts” so that the users are immediately informed of issues that may affect loan compliance or availability.
Unlike other ABL static legacy solutions in the market today, Crowd Machine is flexible, uniquely customizable and can effortlessly integrate with in-house core banking systems. Crowd Machine’ s professional team is dedicated to ensuring that our customers have access to the highest quality solutions, the industry’s best customer service and support, and access to the latest technologies and best customer experiences. We actively seek customer and industry feedback to ensure that Crowd Machine’ s solutions are meeting the standards that you expect and need, to be successful at what you do.
Highlights of Crowd Machine:
Collateral monitoring of secured loans using automated data collection tools, ability of borrower to upload data, sophisticated collateral analysis and monitoring tools, as well as configurable rules and reports.
Collateral Analysis provides all necessary functionality to manage collateral. This includes calculating borrower’s availability and ineligibles in real-time and tracking balances utilizing real-time data from the borrowing base. Other key features include interest and fee calculations, ineligible calculations including contras, credit limits, cross aging, skipped invoices, foreign, at debtor or invoice level. Crowd Machine supports multiple loan types including AR, inventory, cash collateral, equipment, and more. If loans are participated, Crowd Machine manages the participant loan as well.
Collateral Loan Monitoring services on a daily, weekly or monthly basis.
Ineligible collateral can be updated on a timely basis. Credit limits and holds for debtors are maintained in Crowd Machine and do not have to be reset at each update to collateral. Many ineligible items are calculated automatically at each upload, for example cross aging, concentration limits, removing credits from 90-day column, and AP aging’s can be uploaded to check for contras.
Reports are provided online and available as they are processed in PDF format for emailing or saving purposes. Included are many standard reports, such as availability reports, aging comparison reports, aging trend, concentration, loan ledgers, interest statements, and verification reports.
Financial Statement spreading is available for standardized reporting of all borrowers’ financials. Financial ratios and formulas can then be calculated and managed. Covenants can also be monitored in the system
Provides alerts for any exceptions found while monitoring collateral and other customer data. The exceptions are triggered by business rules defined in the system. Will provide pre-built rules but can be configured to your business requirements. Alerts and Ticklers can be sent via email; in addition, a robust alert management system is built in.