BankLabs’ Participate is an end-to-end loan participation software solution that allows lenders and borrowers to share and collaborate on documents. The automated workflow eliminates the need for manual data entry and cuts weeks off the origination process. Increasing participation in lending is a key step in ensuring banks have the liquidity and flexibility to make more loans. Using Participate, you can share loan information and documents with downstream parties instantly.

Participate helps financial institutions manage loan participation in a more efficient manner. By centralizing all loan documents and information in a single platform, banks and other participants can reduce the time required to close loans. The software also automates workflow and e-signs documents, cutting weeks off the traditional process. The software is free to use and can be downloaded as a trial or purchased for an annual subscription. The program is easy to use, and it can be used by both lenders and borrowers.

Using a loan participation software system to manage your loan portfolio will make it easier for you to manage CECL compliance. The system will automatically capture CECL data and send it to a third-party specialist for review. This ensures that your credit union is compliant and remains viable. It is also easy to customize. The Participate platform has a flexible interface that makes managing your loan portfolio simple. Whether your bank is new to lending or looking for a more automated approach, Participate can help you manage and track all of your loans.

Participate’s loan participation software makes it easy to manage and automate all of your loan participation processes. It provides a single platform to manage all your loans. It allows participants and originators to easily digitize loan documents and information, automate workflows, and e-signs. The software cuts weeks off the traditional process, giving lenders additional liquidity and flexibility. The goal of BankLabs is to streamline the loan process and ensure that its clients benefit from it.

Using Participate makes loan participation a more efficient process and helps to manage the risk of credit concentration. The software will allow you to access all loan participations from one single platform. Besides saving time, it also makes it easier to manage and automate CECL compliance. With participation, you can also sell your participations to third-party providers. The system will also help you track your loans ‘ compliance. Then, you can sell them to your bank’s participants.

Its loan participation module helps you connect participating banks and participants. The administrator can set up the information for participating banks. After the administrators have entered the information, the software will automatically connect these banks. Those who wish to sell their participations can easily create a custom account. Similarly, a loan participation software must have the option to track all loan details. If you choose a platform that enables you to monitor your loan activity in real time, you can sell the participations to third-party parties.

The Participate loan participation software is an automated loan participation platform that helps financial institutions automate loan participation processes. It is available in a web-based application, enabling participants to digitize loan documents and information. It also helps the bank to reduce the time and cost of managing multiple loan participations. A successful platform will also provide reports on various credit and financial risks. This will help the banks in reducing the risk of credit concentration. When you’re ready to begin, you’ll be able to streamline the entire process of the loans .

With this tool, loan participants can connect participating banks. They can enter their bank information and participate in loan participations. They can even add multiple participants in one account. The software has a feature that lets you manage the data of multiple participants, including participating banks. As long as the participant banks are in the same account, they’ll be able to access their loan participations. In addition, this will allow them to monitor their loan activity.

Using Participate is a great way to streamline the loan participation process. Not only will it improve efficiency, it will save money and help banks mitigate credit concentration risks. The software also provides a single platform for all loan participations. Its digital loan information and documents will be stored and managed by the originator and the participating banks. This will save weeks in the traditional process and give the banks additional liquidity. The bank will be able to reduce the risk of a concentration of loans with the participation software.