Digital loan management risk assessment

1. How many loan transfer use-cases do you have in place?

Examples include origination partners, warehouse funding partners, pledging partners, custodial partners, servicing partners and securitization partners.

Dozens

Several

A few

2. How reliant are you on manual, paper-based processes to transfer documents to a loan counterparty?

This includes touch points such as mailing contracts for custodial services, manual review and auditing processes, etc.

Always

Often

Seldom

3. What is the typical duration to prepare a pool of loans for asset backed securitization?

This includes contract identification, contract pooling and pool tranche development.

About a month

A few days

Next day

4. How reliant are you on excel-based processes to verify loan documents and to package asset-backed securitizations?

Very reliant

Somewhat reliant

Not reliant at all

5. How quickly and efficiently can you provide access to loan docs to make a timely sale?

About a month

A week

A couple days

6. How confident are you in the current health and integrity of your overall portfolio, especially if lending assets are unsecured?

Not at all

Fairly

Completely

7. How long does it typically take for you to close a loan?

Process steps generally include trailing documents, contract package quality assurance, etc.

About a month

A few days

Next day

8. How often do you pledge assets to a secured party for capital?

Frequently

Sometimes

Never

9. How long does it take you to clear collateralized loans from the secured party?

About a week

A few days

Less than a day

10. Do your business operations require that you hold the promissory note during legal action against a borrower?

This typically occurs in lending asset classes such as personal loans, vacation ownership, solar, equipment leasing, student loans.

Yes

Don't know

Thank you for completing the Digital Asset Management Risk Assessment

This assessment can be a valuable tool for determining the compliance and operational risk exposure in your current digital loan management practices.

Please complete the form below and your results will be promptly emailed to you.

These assessment results are not to be used as a substitute for legal or other professional advice or services, and there can be no guarantee of the relevant level of risk or of any particular outcome based on these results. Wolters Kluwer makes no representation or warranty with respect to this assessment and the results provided, and further, Wolters Kluwer does not make any representation or warranty about any of its product offerings or services pursuant to this assessment and results provided.

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