Primatics "Ēvolv" Loan Accounting platform provides a full suite of integrated accounting processes and functions that meet the current and future needs of financial institutions. Compared to many existing products that focus on providing a specific solution or cater to a particular loan product type, Ēvolv allows users to centralize loan accounting processes into one integrated application, thus providing greatly improved process control, efficiency and ease of analysis.

Ēvolv provides a rich set of cost and fair value accounting functions for the following major loan product types:

• Commercial Loans - Revolving and non-revolving facility, and term loan
• Syndication Loans
• Residential and Commercial Mortgage Loans, and
• Consumer Loans

Ēvolv is designed to support a wide range of business needs of financial institutions that participate in the various stages of loan life cycle. The accounting features are designed based on our market knowledge and experience with various clients, to meet the needs from commercial banks, regional banks, large money center banks, REITs and secondary mortgage institutions.

• Originations
• Purchases (3rd Party or Business Combinations)
• Syndications/Participations
• Loans Serviced By Others
• Sales
• Secured Borrowing
• Securitization
• Held for Sale/Investment
• Portfolio Transfers

In contrast to many existing accounting applications that function mainly as a back end batch process, Ēvolv gives a real-time web based view of loan accounting information that includes the following;

• Entire history of loan contract data (origination, modifications, renewal etc.)
• Transactions (purchase and sales, pay down, non-accrual, loan split/combination, portfolio transfer etc.)
• Accounting entries (amortization, LOCOM etc.)

All the information is available at the loan level. This un-paralleled visibility equips the user with great ease and capacity to research and analyze financial information.

Ēvolv provides support for the following GAAP requirements

• SFAS No. 65: Intent Designation, LOCOM
• SFAS No. 91: Amortization for Deferred Loan Fee/Cost and Purchase Premium Discount, Loan Modifications
• SFAS No. 140: Sales, Securitizations, and Secured Borrowings
• SFAS No. 114: Loan Impairment and Trouble Debt Restructuring
• SOP 03-3: Purchased Loan with Credit Deterioration
• SFAS 141R: Loans acquired at fair value due to a Business Acquisition

Other key features included in the system;

• Integration with existing or user configurable 3rd party pricing services to provide pricing and fair value services.
• Full Capacity to support the most complex loans payment structures – option ARM, multiple payment frequency (bi-weekly, monthly, quarterly) and types (IO, PO, P&I, P+I, P%) for amortization yield calculation.
• Robust reporting capacity: automatically generated process reports that show the process results UPB and Deferred Fee Rollforwards and exception due to missing or invalid data input.