Audience
Companies that need a commercial loan monitoring tool
About Covarity Solution
A leader in post-origination commercial loan monitoring and analysis solutions, Covarity helps working capital lenders monitor and improve their commercial loan portfolio’s health and performance. By streamlining, standardizing and automating the collection and analysis of borrower financial information, Covarity offers a complete platform to profitably grow customers’ businesses while maintaining a 360° view of their portfolios. Covarity can monitor small to large commercial loan portfolios requiring frequent and detailed reviews of collateral and financials. By providing the insight and control that lenders need to profitably grow their portfolios, Covarity enables lenders to enjoy improved competitiveness, lower costs, and richer client experiences. Take control of your credit risk exposure with our new module which will help facilitate the retrieval of crop and livestock information from your borrowers.
Other Popular Alternatives & Related Software
Axe Credit Portal
Founded in 2004, Axe Finance is a global market-leading software provider focused on credit risk automation for lenders looking to offer an efficient, competitive, and seamless omnichannel financing journey.
Axe Finance developed Axe Credit Portal – ACP – a future-proof, AI-driven solution that automates the loan process from KYC to servicing, including scoring, automatic decisioning, limit management, and collateral management. ACP is a locally hosted or cloud-based solution designed to help lenders deliver an efficient, competitive, and seamless omnichannel financing experience across all client segments (Retail, Commercial, Corporate, Sovereign, FIs, microfinance, embedded financing, Islamic finance, green loans, etc.)
Axe Finance is the trusted partner of leading global banking institutions such as Société Générale, OTP Bank, APS Bank, Arab National Bank, Al Rajhi Bank, QNB, ADCB, FAB, BBK, Bangkok Bank, Vietcombank, VIB, Fidelity Bank, Polaris Bank, among many others.
Learn more
Precision LM
In today's competitive environment, commercial lenders are looking for ways to increase efficiency in the loan process, improve profitability and control risk. Precision LM is a single database application that provides comprehensive commercial loan management from initial request to final disposition. Precision LM improves your results by managing all aspects of your loan process, pre-qualifying loan requests, processing applications, commitment processing, loan disposition, servicing and accounting, with a single database application. Streamline originations, the origination component shortens decision and closing timelines while ensuring consistency in underwriting approaches. Simplify servicing: The servicer component supports a fully integrated contact management system, reduces risk with tracking of portfolio and relationship exposures, and decreases servicing costs per loan while expanding servicing capability without extra staff.
Learn more
Peach Finance
Peach Finance is an API-first lending technology platform that enables fintechs and traditional financial institutions to quickly launch and confidently scale lending programs. Peach is the only lending platform built on an Adaptive Core™, a new paradigm in loan management providing complete configurability, even at scale.
Peach provides end-to-end, fully integrated loan servicing capabilities, including payment processing, a white-label borrower portal, a lending-specific CRM, omnichannel communications, data and insights, first-party collections tools, and Compliance Guard™.
Peach's fully integrated product suite supports virtually any asset class, including BNPL, credit cards, cash advances, personal loans (installments and lines of credit), retail installment contracts, business loans and novel constructs.
Peach was built by leaders from top fintechs like Affirm, Avant and Prosper with the goal of improving lives by giving every lender the power to innovate.
Learn more
Covarity
We have been providing innovative software solutions to the leasing and asset financing industry for over 30 years. Delivering flexible solutions to thousands of customers in North America, and all over the world, our customizable framework addresses the full spectrum of finance and asset management needs. As a trusted partner, we work with businesses of any size, catering to our customers’ unique needs. Access to seasoned industry experts. No outsourcing of customer support. Serving the industry for over three decades. Unparalleled configuration potential Flexible solutions accommodate diverse needs of any business. Designed to grow with your business. Automate repetitive, time-consuming manual processes. Streamline your business. A leader in post-origination commercial loan monitoring and analysis solutions, Covarity helps working capital lenders monitor and improve their commercial loan portfolio’s health and performance.
Learn more
Integrations
No integrations listed.
Company Information
Covarity
Canada
www.covarity.com
Videos and Screen Captures
Other Useful Business Software
$300 Free Credits for Your Google Cloud Projects
Launch your next project with $300 in free Google Cloud credits—no strings attached. Test, build, and deploy without risk. Use your credits across the entire Google Cloud platform to find what works best for your needs. After your credits are used, continue with always-free tier services. Only pay when you're ready to scale. Sign up in minutes and start exploring.
Product Details
Platforms Supported
Cloud
Training
Live Online
Support
Phone Support
Online
Covarity Solution Frequently Asked Questions
Covarity Solution Product Features
Loan Servicing
Auto Loans
Business Loans
Collateral Tracking
Construction Loans
Student Loans
Accounting Management
Amortization Schedule
Application Management
Automatic Funds Distribution
Collections Management
Compliance Management
Customer Database
Fee Management
Investor Management
Loan Processing