Transform Loan Workflows with BankStride
BankStride simplifies complex loan processes by bringing everything into one digital platform. From document collection to covenant monitoring, every step is automated to save time and reduce errors. Teams can collaborate seamlessly with borrowers while maintaining full visibility into loan progress. With BankStride, lenders close loans faster, stay compliant, and deliver a better banking experience.
In the ever-changing landscape of the banking industry, digital solutions are increasingly becoming a necessity for banks to remain competitive. This is where BankStride comes in, providing a modern digital banking platform that streamlines and automates commercial loan management.
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BankStride offers a wide range of features that help banks to automate loan monitoring activities, eliminate loan exceptions, and streamline commercial loan management. The platform allows for easy document management, covenant tracking, loan compliance, loan review, and more.
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One of the key features of the BankStride platform is its ability to manage the loan pipeline in a centralized platform. The platform allows for initial loan application collection, collaboration with bank teams, and communication with customers. This feature helps banks to save time and streamline the loan approval process, making it more efficient and easier for all parties involved.
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In addition to this, the BankStride platform offers a mobile-friendly customer portal, which allows customers to upload documents and answer questions directly from their mobile devices. This feature is especially useful for customers who may be on the go or unable to access a computer.
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Another valuable feature of the platform is its ability to send questions to customers to gather answers as part of a checklist. This is useful for document gathering from customers, as it helps to ensure that all necessary information is collected in a timely manner.
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BankStride also offers API integration, allowing for the collection of commercial loan applications from bank websites. This feature makes the loan application process more convenient for customers, as they can apply for loans directly from the bank's website.
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Construction loan and draw management is another area where BankStride excels. The platform offers the ability to manage construction loan draws and document gathering from various parties, making it easier to track the progress of construction projects and ensure that all necessary documents are collected.
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In addition to these features, BankStride is continuously adding new features and product enhancements to the platform to help banks to stay ahead of the curve. With its user-friendly interface, customizable workflows, and comprehensive reporting capabilities, the BankStride platform is a must-have for banks looking to stay competitive in the digital age.
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BankStride's digital banking platform is a powerful tool for banks looking to streamline and automate their commercial loan management processes. With its wide range of features and continuous product enhancements, BankStride is an excellent choice for banks looking to remain competitive in the ever-changing banking industry.
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Loan compliance management is important part of managing borrowers financial and reporting documents for loan monitoring. Almost 70% of banks still rely on some combination of spreadsheets, core ticklers, or other manual processes.
BankStride is a digital banking platform you've been waiting for. BankStride makes it easy for banks to automate loan documents, exceptions tracking, loan reporting and covenant monitoring. No more managing checklists, searching for files in emails, or waiting on updates from other parties. Just create your requests and let BankStride do the work for you.
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Many Banks and lending companies depend on non-public client information to provide their
services. Examples include:
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Automate Document Gathering
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Checklist For Loan Reporting Requirements
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Frictionless Customer Experience To Send Documents
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Create Credit Exceptions & Tickler Tracking
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Automated Loan Monitoring and Loan Compliance
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Loan Reporting, Risk & Financial Reporting
Without a dedicated tool, professionals would have to manually manage checklists and calendar
events to keep track of all required information. BankStride automates this work while improving
security and reporting.
Why BankStride platform
BankStride is a web-based software solution for commercial banks and credit unions that works with customers to manage loan agreements and eliminate credit exceptions. FileStride improves credit exception management by reaching beyond the walls of the bank to work directly with customers.
Customers respond to information requests much like paying an online invoice – they clearly see what’s required of them and they act. Customers can respond using a login-less portal or by email – no account or password required.
With BankStride, banking teams can schedule recurring requests for documents like financial statements and tax returns, compare actual and threshold covenant values (e.g. minimum DSCR), and send compliance certificates for signature via DocuSign.
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BankStride is like autopay for customer information.
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How does our bank customer use BankStride
For example, BankStride has proven effective in managing revolving lines of credit. BankStride automatically requests and reminds customers to submit monthly AR and AP listings, inventory analyses, and borrowing base certificates each month.
BankStride reminds the banking team to test various financial ratios. The results of the customer’s actions and the ratio testing all roll up to per-banker and per-office reports that can be run on-demand in seconds.
Our bank customer uses BankStride to schedule and automate the activities required to monitor loan agreements.
​Benefits of Using BankStride for
Covenant Monitoring
Risk Mitigation: By providing real-time alerts and comprehensive monitoring, BankStride helps mitigate the risk of covenant breaches and financial penalties.
Accuracy: Integration with financial systems ensures that the data used for covenant calculations is accurate and up-to-date, reducing the risk of errors.
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Efficiency: The automation of data extraction, monitoring, and reporting streamlines the covenant management process, saving time and resources.
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Enhanced Compliance: BankStride ensures that all covenant requirements are met, maintaining compliance with loan agreements and fostering strong lender relationships.
BankStride is powerful for bankers
Flexible information management
BankStride supports one-off and recurring information requests with flexible storage layer configuration options.​
Healthcare & Life Sciences
Bank leadership can drill down to identify pockets of risk and underperformance, ensuring every team member knows where to focus.​
Loan Monitoring
Track financial reporting, covenants, and certificates, and issue compliance certificates for signature via DocuSign.​
A Clear Banker's View
See your portal in action.
Easy for bank customers
No usernames and no passwords
Customers receive tokenized links for portal access, and bankers can request information from anyone with an email address.
Upload or email
Easy-to-use customer portals show exactly what is needed, while email-based file ingestion lets customers respond by emailing files.
Timely alerts
Reminders and alerts are aggregated to prevent information overload, can be toggled per user, and feature customizable schedules.
A Clear Customer's View
See your portal in action.
Know what you have, know what you need.
BANKERS STREAMLINE LOAN REPORTING DOCUMENTS
Why BankStride?
We're the digital banking solution you've been waiting for.
We make it easy to automate your loan reporting and covenant monitoring. No more managing checklists, searching for files in emails, or waiting on updates from other parties. Just create your requests and let BankStride do the work for you.
How it works
BankStride combines checklists with cloud storage to help you communicate and monitor your information requests and documents.​
All it takes to get started:
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​Request items by creating projects for one-off items or templated lists.
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Review incoming files from your client and mark items as satisfied or complete.
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Repeat with automatically recurring requests and reminders.​
Bankstride platform features
Why do banks and customers love BankStride?
