FI Compliance Solutions Launches New Loan Portfolio Review Solution

KING OF PRUSSIA, Pa., Nov. 18, 2010 /PRNewswire/ -- FI Compliance Solutions, announced today in collaboration with MasterServ Financial, the launch of ActioNsight, a web-based solution designed to help banks and credit unions evaluate and monitor their loan portfolios in real time.  

"Many of our clients were looking for a cost-effective way to evaluate and monitor their loan portfolios," says Eric Strohl, President & CEO of FI Compliance Solutions. Today, the process is typically done manually and takes months to complete. In addition, the process can become very costly when having to get updated borrower information on collateral values and credit scores.

With ActioNsight, thousands of loans can be evaluated within minutes so the board and management team can quickly understand where the risk lies within their portfolios. Loans are scored using an industry-proven model, then categorized and provided a risk rating based on the institution's existing loan policies and credit standards. For loans that are identified as a higher risk, ActioNsight will proactively provide the institution with resolution options and help them decide whether the loan should be modified, refinanced, sold, or foreclosed and what government programs the loan may be eligible for.

"Since loan portfolio problems have historically been the major cause of FI losses and failures, this solution really made a lot of sense for us and our clients. Our company's focus from the beginning has been on helping clients remain safe and sound. This solution will go a long way towards helping our customers meet that goal," says Strohl.

ActioNsight will be sold in a SaaS model, so the institution will not have to worry about installing and maintaining equipment or software. FI Compliance Solutions staff will handle uploading the loan data on a monthly basis and will provide the client with access to a secure website where they will be able to view results, print reports, and access risk-related dashboards.

About FI Compliance Solutions, Inc.

FI Compliance Solutions, Inc. provides highly focused enterprise-wide risk management solutions designed specifically for community banks and credit unions. Headquartered in the Philadelphia area, FI Compliance Solutions serves banks and credit unions throughout the United States and Canada. For more information, visit http://www.ficsas.com.

About MasterServ Financial

MasterServ Financial is a technology-based consulting and business processing services firm focused on combining state-of-the-art technology with industry-proven business professionals to deliver innovative new services to address the daunting challenges of the new economy. MasterServ has productized the extensive intelligence and knowledge of its management team, consisting of industry specialists with more than 30 years experience in the lending life cycle and credit management in both the public and private sectors.  

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SOURCE FI Compliance Solutions, Inc.