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To help banks and credit unions launch and gain immediate value from Ascent, we built a set of add-on modules that unlock value from your loan origination and servicing systems. These add-ons centralize your loan operations and seamlessly orchestrate the flow of borrower data across systems, increasing the capacity of teams to focus on core business drivers.

The add-ons are highly configurable to meet your needs. There is no tear-out and minimal change to your existing processes. Deployment is white-glove with no engineering required and minimal IT involvement-launch in just weeks!

Lending Products Supported

Consumer direct auto loans
Make auto lending decisions in a fraction of the time with an optional self-service experience, 3rd party data prefill, and prescoring
Consumer credit card
Find your best prospects among current depositors, and convert them with fast and friendly application experience
Small business loans and LOCs
Use fast, convenient loan and LOC originations to acquire new business customers-and their deposits
Small business overdraft protection
A convenient product your business customers will value, offered in a digital experience they will love.
SBA 7a loans
Deploy a simpler, more logical process that eliminates frustration for your borrowers and the paper-chase for your bankers
ACH/wire transfer/credit card limit analysis
Streamline applications, reduce manual effort, and take the guesswork out of approvals for new and updated limits
Commercial real estate loans
Reduce the time and effort for borrowers, loan officers, and underwriters; improve your win rates with a great borrower experience
Commercial working capital
Whether self-service or banker-led, a great digital experience will make you the bank businesses turn to for their capital needs

Loan Origination

Downward pressure on non-interest income combined with loan interest compression in anticipation of Fed rate-cutting has put bankers in a bind: how do you cut costs and maintain operating margins, and at the same time, position the institution for a rebound in loan growth?

Ascent's Loan Origination add-on enables you to reduce origination costs and offer customers a fantastic application experience-without big changes to existing processes. Augment your LOS with custom digital loan applications featuring your questions, flows, and branding to create delightful experiences for your customers and free your bankers to focus on customer needs.

FEATURES

  • Applications prefilled with permissioned data (Plaid, QuickBooks, Experian, etc.)
  • Applications prefilled with data from your systems-of-record (LOS, core, etc.)
  • Application questions and flows support multi-party/multi-guarantor loans
  • Configurable rules engine can pre-approve/decline–no time wasted on poor-quality applicants
  • Smart borrower portal enables applicants and bankers to collaborate on document collection
  • Borrower portal is tokenized–no ID or password required; enables 3rd parties to complete forms and contribute documents (accountant, attorney, etc.)
  • Application data and documents pushed to your systems-of-record (LOS, spreading, document preparation, document management, covenant tracking, data warehouse, etc.)
  • Reshare data with follow-on products (account opening, payment products, insurance, etc.)
  • Searchable, shareable audit trail that automatically logs origination interactions/operations

Loan Renewal

Annual loan reviews and renewals are a headache for your borrowers and a time-suck for your lending team. Is there any way to streamline this work or is it just the cost of doing business?

Ascent's Loan Renewal add-on uses data, intelligence, and automation to take the burden off your customers and handle the grunt work for your bankers. Custom workflows based on your renewal policies and servicing calendar drive the bulk of the renewal process. Additionally, the add-on surfaces potential risks and exceptions that need a closer look, so your team is putting effort into the loans that need the most attention.

FEATURES

  • Uses data from your systems-of-record (LOS, core, etc.) and permissioned sources (Plaid, QuickBooks, Experian, etc.) to drive the workflow
  • Configurable logic routes renewal steps based on updated information–no time wasted on manual work where criteria is met and steps are unnecessary
  • Smart borrower portal enables borrowers and bankers to collaborate on document collection
  • Borrower portal is tokenized–no ID or password required; enables 3rd parties to complete forms and contribute documents (accountant, attorney, etc.)
  • Renewal data and documents pushed to your systems-of-record (core, document preparation, document management, covenant tracking, data warehouse, etc.)
  • Searchable, shareable audit trail that automatically logs renewal interactions/operations

Portfolio Monitoring

Much of your borrowers' data either resides outside your institution or-even worse-is stored in your own systems but hard-to-find or out-of-date. There has to be a better way to stay on top of your portfolio and get early warning on potential issues.

Ascent's Portfolio Monitoring add-on is built to provide a persistent view of your borrower. Automated flows refresh and analyze both internal and external borrower data based on your credit policies and monitoring practices. This helps improve portfolio performance by alerting you to changes in your borrower's credit condition. Portfolio Monitoring also helps keep you in compliance by tracking all human and system interactions, and simplifies internal and external audit preparation.

FEATURES

  • Centralized, up-to-date view of your customers and their data profile across your systems of record (core/servicing system, treasury, payments) and permissioned erd party data (Plaid, QuickBooks, Experian, etc.)
  • Searchable, shareable audit trail that automatically logs user all interactions and system activity
  • Build custom criteria that identify risks and generate exceptions and review tasks based on updated information
  • Prepare for audits by building and running queries based on expected reporting requirements
  • No time wasted on manual work where criteria are met and monitoring tasks are unneeded
  • Ease of access to ad hoc data when required; query anything across 3rd party data and systems-of-record
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