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Following complex GAAP regulations? We’ve got you covered!

All loan products, during every phase of the loan lifecycle, following the most complex GAAP accounting requirements, all the while tracking each event real-time.

Loan Products Coverage

Evolv 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
• Consumer Loans

Loan Lifecycle Coverage

Evolv 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

Real Time Cost Basis and Loan History

In contrast to many existing accounting applications that function mainly as a back end batch process, Evolv 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.

Loan Accounting Coverage

Evolv provides support for the following GAAP requirements:

• ASC 948 (formerly SFAS No. 65): Intent Designation, LOCOM
• ASC 310-20 (formerly SFAS No. 91): Amortization for Deferred Loan Fee/Cost and Purchase Premium Discount, Loan Modifications
• ASC 860 (formerly SFAS No. 140): Sales, Securitizations, and Secured Borrowings
• ASC 310-40 (formerly SFAS No. 114 / SFAS 15): Loan Impairment and Trouble Debt Restructuring
• ASC 310-30 (formerly SOP 03-3): Purchased Loan with Credit Deterioration
• ASC 805 (formerly SFAS No. 141R): Loans acquired at fair value due to a Business Acquisition

Other Key Features

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, annual, balloon) 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.