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ATLAS is the first true troubled and classified loan smart assistant. ATLAS is an automated solution designed by former bankers and bank auditors. Thus, our application development and consulting efforts are focused on allowing bankers to execute on what they do best and achieve the accounting as a by-product of the process. By using ATLAS, complying with the finance and regulatory requirements is naturally integrated into your regular troubled and classified loan management process.
ATLAS takes you through easy to follow questionnaires to identify if the loan has characteristics that require classification as impaired, TDR, and/or non-accrual. Using a state of the art work flow model, it will guide loan officers and credit managers through the impairment analysis and computation offering you the choice of different established methods. ATLAS provides easy to use migration analysis and generates the criticized asset reports and management action plans for your institution’s classified loans.
ATLAS goes beyond helping you calculate the allowance for loan losses.
ATLAS is a complete solution that removes the accounting guessing game and cumbersome paperwork from the hands of your special assets officers and lets them concentrate their expertise on resolution of the special assets.
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State of the art workflow model and centralized database allows you to take command of your portfolio analysis
ATLAS’s state of the art workflow model allows you to keep track of every loan and with a push of a button know in what stage the loan is in the evaluation process. It also allows your managers to review the analysis and action plans of your officers and create an interactive discussion to ensure that exceptions and issues are addressed timely and appropriately. Furthermore, you can keep you documentation centralized in one place with our easy-documentation attachment features.
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Integrates regulatory requirements ensuring compliance
ATLAS has been designed using the latest published guidance from regulatory agencies and FASB pronouncements. The latest exposure drafts on Credit Losses has also been evaluated and considered in the development of ATLAS to ensure that upon the new guidance’s effective release, your process continues to be managed smoothly and your institution is not significantly affected by overbearing implementation costs.
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Loan data imported directly from core loan app allows for efficient data management
ATLAS’ critical fields can be edited by your officers. Subsequently, system generated audit reports compare information obtained from your core system and the changes made by those using ATLAS. This feature allows your team to pinpoint potential weaknesses in your institution’s core data and work together efficiently towards a more consistent and optimized data management process.
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Consolidates all credit loss elements into one solution using robust allowance and charge-off computation process
Your allowance computations will include your impaired loans, general reserve of pools of homogeneous loans and a reserve on instruments with an unfunded credit exposure. This approach concentrates all your credit loss elements into one solution.
Your allowance for impaired loans will be calculated utilizing one of the three allowed methods -oobservable market price, fair value of collateral or present value of expected cash flows. The present value of expected cash flow method includes multiple scenarios with assigned probabilities of occurrence. Practical preset questionnaires will assist you in determining the appropriate method to use.
Your general reserve on pools of homogeneous loans is calculated by combining you historical losses -utilizing simple loss history or migration analysis with customized qualitative factors. The qualitative factors can be adjusted at the bank or at the pool level, to obtain the most accurate results.
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Cloud based, SaaS model minimizes capital expenditure
LogiqTree offers ATLAS as a cloud based, Software as a Service (”SaaS”) model. LogiqTree uses the industry’s highest standards of data security and data encryption, backup technology and contingency planning. ATLAS only requires a simple monthly data upload from your institution that we will assist in compiling and you are ready to go! There are no special requirements to manage your core processing system, nor do you need to purchase expensive servers. ATLAS does not require any additional commitment from your IT resources. ATLAS’ SaaS model helps you avoid costly implementations and will allow you to keep your IT team focused on what is most important to you – servicing your customers.
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