VantageILM, the next generation integrated management platform for lenders, manages the entire life of a loan and all lender operations on one central platform and offers unparalleled management insight and business process controls. This innovative platform was created out of an industry need for greater control and better insight in lending operations, portfolio management, and risk management.
Designed to handle all types of loans and leases, including auto, equipment, unsecured, mortgage, and short-term, VantageILM addresses the intricacies and nuances of managing sub-, non-, and prime loans and portfolios for the entire life of the loan and the entire operations of a lender.
Unlike many of its competitors, VantageILM joins origination, servicing, collections, recovery management, asset management, document management, analytics and accounting into one platform. In addition to providing a system that simplifies workflow processes, VantageILM addresses many other issues lenders face. For example, current systems have limitations that make it difficult to get timely and accurate reports and analytics on operations and portfolio performance.
VantageILM has built-in performance dashboards, a reporting engine, and analytics for all system data points allowing users to completely grasp their entire operations, which can result in improved profitability, lower loss ratios, and more efficient operations.
âWe have proof that VantageILMâs open-system technology and transparent straightthrough processing improves business processes, efficiency and profitability,â said Robert Yuan, president of VantageILM. âOne client has quadrupled its portfolio and increased profitability with adding only one additional back-office staff.â
VantageILM Platform Highlights
Loan origination drives the process that impacts collections, recovery and the companyâs portfolio value. VantageILM gives underwriters the power to make the optimal decision from comprehensive portfolio performance and market knowledge. Processes built into the system ensure all steps are completed before a loan is approved and booked.
Prompt access to information and communication is the key to collections and improving collectorâs performance. VantageILM empowers collectors by putting all information about the customer and loan in one place. Advanced communication tools keep all staff informed of who is working on a loan, while dynamic monitoring and reporting tools allow for effective and efficient management and measurement of collections.
VantageILM gives recovery operations the same powerful platform, tools and data that traditionally have been reserved for collections-specific systems. Advanced tracking and communication tools give recovery managers the power to greatly improve post-chargeoff efficiency and cash flow.
Finally, VantageILM assists with analysis and risk management by allowing users to
slice and dice data from any part of the system to create profiles and models for portfolio management and underwriting. When different systems are used for origination, collections and recovery, analysis can be an extremely time consuming process because the data must be âcleanedâ and cross-checked to insure that the analysis will be accurate. VantageILM, which completely eliminates the âdata scrubbingâ process, enables users to see a vast array of data with just a few clicks of the mouse. Analysis features include Online Analytical Processing (OLAP) with customizable templates that save time and increase the potential scope of data for analysis and decision-making, and static-pool analysis that allows greater flexibility and prevents date data skew.
Other platform highlights include: centralized notes management that provides easy access to all information on any loan and improves communication; role-level access presents only the right data to the right people and helps prevent fraud; single-screen data summaries allow employees to be more productive; online electronic document management provides immediate access to all documents related to a loan; company-wide, portfolio-level, departmentlevel and loan status reporting provides a comprehensive management tool for measuring and monitoring operational and financial performance; and system-wide rules and checklists prevent processes and steps from being bypassed.
VantageILM was built by finance experts from the ground up. The current management team is comprised of seasoned former bankers, investment bankers, business process experts, and technology developers. Built on Microsoft technology, VantageILM is flexible and highly configurable, and allows users to directly plug into the workflow a wide variety of key external data providers and systems including credit bureaus, valuation services, identity verification and payment processors, among others.
Overall, the company aims to empower business through offering flexible, scalable open-system technology and transparent straight-through processing that eases training, eliminates errors, improves communications and provides a centralized, single source for operational, financial and risk management information.