BankLabs is revolutionizing the traditionally slow participation process with Participate, the first end-to-end loan participation software for both originators and participants.
Participate is a single platform to manage all loan participations, existing or new, bought or sold. It allows originators and participants to digitize and share loan info, documents, and automate workflow.
Whether its large loans or smaller ones, done with existing partners or new, Participate can cut weeks off the traditionally slow origination process, giving your bank the additional liquidity and flexibility needed to maximize profits.
See how to use automation to increase loan participations here.
Save Time and Lower Expenses
Looking to find the right participant partners? Participate eliminates the need for phone calls and back and forth emails. Just choose who you want to partner with and let Participate do the rest, including electronic NDA’s and non-compete agreements.
Once the agreements are in place, the document repository gives originators and participants easy access to documents and underwriting information, eliminating the need for overnight packages, couriers and drop boxes.
From origination through closing, Participate’s digital workflow includes notifications, electronic document exchange and e-signature, keeping everyone updated and taking weeks off an otherwise cumbersome process.
Back Office Management
Once loans are closed, Participate records the transaction history for each loan, along with the pro-rata share for each party. It also notifies each participant when funds are requested or disbursed, keeping everyone on the same page in terms of dates, amounts and interest accruals.
The document repository has built in reminders for when documents need to be updated, and automatic notifications to downstream participants when new documents are added.
Custom reports are easy to build and can be created by loan type, bought vs sold, maturity date, interest rate, etc., all exportable to excel.
Fine Tune Your Balance Sheet
Whether it’s originating new loans or participating out existing ones, Participate streamlines the process so deals are faster and easier to do, allowing for more liquidity and flexibility when it comes to managing your balance sheet. Loan participation software is your answer.