Software facilitates collateral evaluation and management.
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Press Release Summary:
Collateral Valuation System allows banks to view all collateral items and values, securing loan portfolio at note level, customer level, and cross collateralized level. By analyzing loan/collateral value ratios and reporting vulnerable situations, solution also helps protect earning assets. Stock values and vehicle values are automatically updated, and value update reminders can be established for other collateral items.
Original Press Release:
CSI Introduces Collateral Valuation System for Streamlining Collateral Management
PADUCAH, Ky., Feb. 13 -- Computer Services, Inc. (CSI) (OTC Pink Sheets: CSVI) today introduced a new product to help banks manage the collateral securing of their loan portfolios.
CSI's Collateral Valuation System streamlines collateral management by allowing banks to view all of the collateral items and collateral values securing their loan portfolio at a note level, customer level and cross collateralized level. It also helps protect these earning assets by analyzing loan/collateral value ratios and reporting vulnerable situations.
Stock values and vehicle values are automatically updated. Value update reminders can be established for other collateral items and multiple hyperlinks can be created to other Internet valuation resources.
In addition to providing all collateral items and values on individual loans and customers, the Collateral Valuation System provides the tools banks need to analyze concentrations of collateral in their loan portfolios and forecast how a change could affect overall exposure.
Bob Ezell, Vice President of Product Marketing, stated, "CVS is a great tool that can facilitate senior management's understanding of areas of their loan portfolios that are vulnerable to a change in collateral value and the impact such a change could have on their bank's bottom line."
CSI's new Collateral Valuation System saves time and protects profits for bankers in an increasingly competitive market without requiring any special software, servers or intensive training.
About Computer Services, Inc.
Computer Services, Inc. (CSI), provides service and software solutions for community banks in both a service bureau and an in-house environment. In addition to core processing, our integrated banking solutions include imaging, cash management, Internet banking, corporate intranets, secure Web hosting, e- messaging, teller and platform services, ATM and debit card service and support, payments solutions, risk assessment, network management, and compliance software and services for regulatory compliance, homeland security and fraud prevention. Over 3,000 financial institutions are served with CSI's products and services. For more information, visit the company's web site at http://www.csiweb.com/.
CONTACT: Bob Ezell, VP, Product Marketing, of Computer Services, Inc., +1-800-545-4274, ext. 10134, bezell@csiweb.com
