Denver-based software provider FIMAC Solutions LLC has added a service bureau to its Commercial Real Estate (CRE) and Construction Stress Analytics platforms.
The introduction of the service-bureau option will provide small community banks and other financial institutions with the benefits of using a comprehensive stress-testing model, without the normal time commitment necessary to run such a model, FIMAC Solutions says.
Organizations using the service bureau fill out a CRE template spreadsheet and submit it to FIMAC Solutions, which then returns a set of reports within three business days.
"Clients can choose their own stress parameters for both a moderate- and severe-stress scenario," Eric Struble, FIMAC Solutions' project manager, explains. "These parameters can be applied globally, by sector or by individual loan."
SOURCE: FIMAC Solutions