The Cync Software Solution for Loan Origination
Why Lenders Choose Cync Loan Origination System (LOS)
Cync Software’s Loan Origination System (LOS) is a cloud-based, relationship-driven application that enables lenders to streamline the entire loan process—from “know your customer” (KYC) to closing and booking. Cync LOS offers innovative features and intuitive navigation for streamlining and automating the loan origination process—providing flexibility, saving time, and mitigating the risk of human error.
Dashboard and Analytics for Custom Insights
Dashboard and Analytics features give lenders real-time data visualizations and custom reports on the data in any LOS module, providing senior leadership teams with exactly what’s needed to align with the institution’s overall risk appetite, ensuring revenue goals and team members stay on task.
Relationships Profiles to “Know Your Customer”
The Relationships feature collects extensive information regarding every type of entity in one convenient location while providing quick access to the other services needed to work and maintain the relationship during the life of the loan.
Spread with Automation and Flexibility
Built on the same robust code base as Cync Financial Analyzer (FA), our spreading feature offers administrators effortless customization and configurability that provides analysts tailored solutions for all types of borrowers.
Additional Spreading Features
- Automatically spread financial statements with machine learning technology
- Create custom ratios and unique fields on the spreading template or borrower spread
- Customize days in statement periods
- Aggregate periods to optimize analysis
- Log debt schedules and real estate schedules
The Loans feature captures the entire process required to underwrite, approve, and maintain loans all in one centralized location and integrates with the Risk Rating feature to allow lenders to determine the overall risk and potential exposure associated with the loan.
Cync LOS simplifies common commercial compliance scenarios by allowing personnel to follow built-in decision trees that make coding and complying with federal guidelines, such as HMDA, Regulation B, & OFAC, more straightforward and efficient; ultimately reducing the risk of compliance-related errors and time spent resolving compliance issues.
Participation & Syndication
Cync LOS allows the customer to capture all Assignment or Participation information in the dedicated section of underwriting. This allows the lender to see how commitments are being moved in and out of the lending institution, ensuring a more streamlined approach when booking into their Core System. Lenders will ultimately be able to run metrics to determine how many Assignments and Participations closed for a single period, what type, and to whom to ensure they are within the approved limits for their borrowers.
The Risk Rating feature for Cync LOS offers market-leading capabilities for comprehensive risk analysis with the ability to choose probability of default (PD), loss given default (LGD), or both to assess borrowers and transactions (loans).
The dual risk rating system allows lenders to more precisely plan and anticipate upcoming risk for each loan and at portfolio level.
Our revolutionary dual risk rating implementation allows lenders and their underwriters to seamlessly assess both transactions and borrowers through automating the process in which various underlying data points are captured for calculation.
Probability of Default
For Probability of Default lenders can customize which variables they would like to incorporate to determine the overall score for borrowers and the transaction itself.
Loss Given Default
Our LGD risk rating calculates the exposure at default for a lender at origination by assessing recovery rates of collateral and guarantee’s to a transaction.
File Management with Custom Categories & Metadata
The Files Management feature offers an extensive file management framework for all documentation uploaded to the platform, allowing lenders to tag documents by type, sort the documents into categories, and create custom workflows to guide lenders through the documentation process.
The Collateral feature allows lenders to add, manage, and pledge the collateral that will be used to secure a loan and drive decision-making for loss given default (LGD) risk ratings.
The Exceptions feature allows lenders to grant and log exceptions as needed. Having all Exceptions collected in one centralized location also allows lenders to view statistics on the types of exceptions being allowed and which exceptions are being granted most frequently.
Covenants & Ticklers
The Covenants & Ticklers feature allows lenders to create and monitor relationship or loan-specific covenants and ticklers, automating the tracking process, and allowing lenders to simply verify the evaluation of a covenant, streamlining the process and helping to ensure accurate compliance reporting, internal reviews, and regulatory exams. With a real-time connection to the customer portal, ongoing tickler document collection is both convenient and effective.
An integrated Borrower Portal allows lenders to interact with borrowers, guarantors, owners, vendors, and more in process of the loan application and provides insight to users outside the lending institution. This allows those users to track the progress of the loan, review and respond to requests from the lender, and can even facilitate the closing of the loan.
Administration Capabilities for Customized Workflows
Customize virtually every service and more for in-depth reporting that meets the needs of your institution’s credit policy.
Lenders can customize:
- Spreading templates with custom ratios, fields, and analysis highlights
- Risk rating analysis templates with specific attributes and calculations that align with industry standards while offering flexibility
- Credit memoranda with branding and content designs to import information from any Cync LOS module to make an informed decision
- Lifecyles with the ability to assign specific tasks to responsible parties and assign them via our Borrower Portal
- Fees for tracking revenue and custom reporting
- The Administration feature also includes the ability to manage file organization, users, and user access all from one easy interface.
Automation & Productivity
While there are many options for financial analysis, the Cync LOS combination of organization, customization, automation, and communication sets it apart from the competition. The Relationships feature is the landing page for day-to-day operational activities, giving lenders a space to maintain contact information and easily access the other feature components specific to that entity, such as spreads, risk rating, covenants, files, loans, and exposure. The File Management feature offers multiple locations to view in-depth information about the files and integrates with our Borrower Portal, all with tight security restrictions.
With a combination of machine learning and the manual flexibility to build out the exact spreading template a user needs, the Spreading feature allows lenders to most effectively analyze each unique borrower. Lenders can choose from several options for templates, including built-in debt schedules, personal cash flow statements, global cash flow statements, and real estate rent rolls. They can also automatically map financial statements.
The Covenants feature offers the ability to create types and sub-types, giving each client much more flexibility when creating, monitoring, and evaluating covenants. Even with all of the custom features, covenants can still be mapped and evaluated automatically.
The Loans feature allows lenders to go from manual, paper processes to streamlined workflows that can incorporate the responsibilities of multiple stakeholders in an organized fashion. This means lenders won’t need to enter the same information multiple times, ultimately reducing the risk of human error and creating a more efficient process.
The Collateral feature offers self-service flexibility to enable lenders to meet the needs of their business and overcome adoption obstacles. Accounting for CORE integration means the elimination of duplicated records, leading to clean data and analysis. The easy-to-locate, easy-to-use Risk Rating features offer a dual risk rating score – Probability of Default and Loss Given Default – for both loans and relationships, all of which include embedded, customizable logic. Lenders can also set their internal recovery rates for all collateral types for Loss Given Default and view historical tracking of Probability of Default scores for loans and relationships.
Cync LOS’s Post-Approval features offer integration with the lender’s CORE banking system to allow lenders to easily transfer an approved loan for booking and funding. Lenders can even make adjustments before pushing the transaction information without having to repeat the entire underwriting process, then continue to track updates to the loan in the same system where it was initially approved.
Borrower Portal gives a user experience that is intuitive and highlights the ease of interaction between the lender and the borrowers or guarantors. Users can complete the entire commercial loan application online, then view the loan progress and details with ease, making Cync LOS’s Borrower Portal a full-service loan origination-to-closing application.
The data used by the Dashboards and Analytics feature is prepared by subject matter experts who specialize in commercial loan origination, providing some of the most intelligent reporting in the market. This provides higher-quality analytics, rather than the canned visualizations retrofitted from CRM platforms.
Cync LOS Integrations & Development Solutions
The Relationships feature integrates with a financial institution’s CORE banking system for contact information, relationship connections, and existing loans and deposits. Secure connection with CORE ensures that data is always collected in one place, regardless of the location it was updated or accessed from, enabling lenders to make decisions based on up-to-the-minute financial information. Cync LOS is system-agnostic—it will integrate with Cync ABL or the lender’s CORE banking system.
Codat Integration for Automated Spreading
Customers can connect to Codat in just a few minutes without waiting days or weeks for a custom connection to be coded. Codat keeps records synced in a configured interval and Cync LOS pulls the invoices from Codat whenever required. The Spreading feature engages with Codat for mapping statements from a borrower’s accounting software directly into LOS.
DocuSign Electronic Signature
By integrating with the Cync LOS Borrower Portal, Docusign gives lenders the ability to send documents to customers for review and electronic signature without having to go through the hassle of printing and mailing physical copies. Docusign allows lenders to manage electronic agreements with borrowers, guarantors, or other entities.
Cync LOS integrates with Experian, a consumer credit reporting agency, to automatically pull credit scores into the Cync LOS application, allowing lenders to make decisions based on the most up-to-date data.
Fusion Laserpro by Finastra for Document Generation
Cync LOS integrates with Fusion Laserpro to help generate loan closing documentation based on the given transaction data. Fusion Laserpro is a single complete and compliant loan documentation system for use across commercial, consumer, and mortgage portfolios.
Plaid Integration for Financial Information
Cync LOS’s integration with Plaid allows users to authorize access to their financial information by connecting their bank accounts, enabling Cync LOS to have the most up-to-date information for financial analysis.
Okta Integration for Single Sign-On (SSO)
Cync LOS integrates with Okta to provide single sign-on (SSO) capabilities, allowing lenders to combine their Cync LOS login with any login that may exist for their institutions.
Risk Management Association (RMA) Integration for Industry Ratios
Cync LOS’s Spreading feature integrates with RMA to import the latest, most up-to-date ratios to ensure that calculations meet the industry standards set by RMA as the comprehensive source of risk management tools and education.
Tableau Cloud & Tableau Data Prep for Customized Reporting
The Dashboards & Analytics features integrate with Tableau Data Prep and Tableau Cloud, creating easy-to-use, lightweight reports, and eye-catching visualizations. The ability to choose custom layouts allows users to select multiple visualizations, resulting in a comprehensive dashboard that can be shared amongst team members.
Cync LOS integrates with TransUnion, a consumer credit reporting agency, to automatically pull credit scores into the Cync LOS application, allowing lenders to make decisions based on the most up-to-date data.
Security FeaturesThe Cync Software Application Suite is a SOC2-certified application that is hosted on Amazon Web Services (AWS). AWS is an Infrastructure as a service (IaaS) provider, which is highly available, scalable, and fault tolerant. View Cync Software Security Information
- Independently SOC 2 Certified
- Amazon Web Services (AWS) Certifications
- ISO 27001, 27017 and 27018
- PCI DSS for S3, EBS, VPC, RDS, ELB, IAM
- FISMA Moderate Compliant Controls
- HIPAA & ITAR Compliant Architecture
- Auditable infrastructure
- Encrypted URL
- AWS platform is monitored 24/7
- Disaster recovery plan
- Single Sign-On (SSO)
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Loan Origination System
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