Financial Services
The financial services industry is under relentless pressure to achieve greater transparency while managing greater risks with fewer resources. Due diligence has become more rigorous and government regulators have significantly stepped up enforcement actions. Whether you are managing a complex loan workout or need to launch an end-to-end solution for a specialized asset class, such as franchisee or real estate lending, VeriComply can help.
Real Estate Loan Workout
This application helps borrowers and lenders better manage the process of due diligence, document distribution and closing of complex transactions. This Application was used by Wells Fargo on a $900 million loan transaction involving 50 creditors, 40 entities and 4 national law firms to manage: (i) Collateral due diligence, including a naming convention that expedited review of title policies, environmental and other property matters and (ii) Deal management, including automating the distribution and management of thousands of loan documents in a virtual closing room.
VeriComply helped us successfully navigate through this complex transaction. In a word, they helped lawyers be more efficient. -- Senior Vice President, Wells Fargo Bank
Real Estate Portfolio Management
This Application is designed to manage portfolios of leased or owned properties as well as loan portfolios. Access key dates and rates so you don't miss renewal or option exercise dates, Common Area Maintenance calculations or rental amounts.
