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Covenant Tracking

While consumer loans are relatively straightforward, commercial loans come with their own set of complexities. But most exception tracking systems on the market do not offer tools ideal for managing large loans with complex covenants.

Get a complete view of all covenants and financials so you know where they occur throughout the lending process. Teslar can track each covenant at the borrower level while ensuring it stays linked to accounts that have those requirements. The platform can also retain acquired values such as DSCR and maintain them over a historical period, providing insight into covenant performance and future possibilities.

Key Features:

Quickly create, track, and monitor covenants

Historical view of obtained values at any point in time

Accurately manage covenants in default with waiver and forbearance system

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“The seamless integration of Teslar’s technology with our core processor is what won us over initially, and since going live we’ve been impressed with the range of features and functionality available. We pride ourselves on being a locally owned community bank, committed to meeting the needs of our loyal customers and providing top-tier service. By automating and streamlining our loan processes, we can continue to serve our community with a personal touch, even as we grow and expand.”

WH Bill Croak

President and CEO, FNB Community Bank

Download Covenant Tracking One-Pager

Download this one-page document for a quick and simple overview of Teslar’s Exceptions/Covenant Tracking platform.

Download Document