While annual audits of loan portfolios may address these risks, experience has revealed that continuous monitoring of the portfolio is the preferred approach.  Identifying control breaches, anomalies and high risk activities early and employing a firm remediation strategy often prevents and certainly minimizes the impact of any potential impairment of the portfolio. In the context of banks, financial institutions and other enterprises in the financial services sector, the quality of the loan portfolio has singular significance. Portfolio audits are therefore required to determine, by review of electronic records, activities or conditions that require attention before they become problems.

Loan Portfolio Solution

The focus of the solution is to automate the definition of governance, risk and controls within the financial institution’s lending process.  The financial institution is allowed to define the control environment from loan origination to servicing and portfolio management.  Once completed, SymSure’s monitoring framework examines all electronic activities to detect control breaches and alert the relevant persons automatically.

SymSure Workflow

When an event occurs, relevant alerts are triggered and a stringent remediation process is followed to ensure that high risk activities are addressed as stipulated by the business process owners.   Other key aspects of the solution are the automation of the reporting functions and visualization of the control environment.  SymSure automates key reporting for stakeholders, including regulators.

Reports include:

- Key portfolio metrics

- Loan loss provisioning and rates

- Portfolio at risk and repayments rates

- Best practice comparisons

- Loan risk concentration