Bryt Software has released an enhancement to it's Loan Tracking product. The Asset and Collateral Module allows user to create and track assets and collateral in the Bryt System.
The Asset and Collateral Tracking system enables you to manage collateral and reduce credit risk by ensuring that loans are adequately secured and properly documented.
The Asset and Collateral Tracking system provides the following benefits for lenders:
Delivers a cost-effective, time-saving method for tracking any kind of loan documentation or collateral.
Helps lenders determine which loans are under-collateralized.
Helps lenders comply with regulatory requirements.
It helps you better manage collateral, and in turn, helps you save time and money.