After a middle-market or large-ticket transaction is booked LoanPath’s Covenants/Event Tracking Module enables a tracking process using workflow-driven notifications to ensure the appropriate steps are taken in a timely manner.

When creating a deal, a user can set financial covenants that will be tracked. A user can also require data from the borrower such as financial statements and insurance. Plus, with this module’s event monitoring, reminders and notifications can be sent to internal staff or directly to the end customers to keep the process moving.

The Covenants/Events Tracking Module includes:

  • Start- and end-date setup capabilities
  • Escalation intervals and customizable email and notification text
  • Event list with statuses and event-search functionality
  • Open notifications with the ability to change statuses based on event completion

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