Direct Assignment (Buy & Sell Side)

SimSmart is a comprehensive solution designed specifically for banks and

organizations involved in buying loan portfolio through Direct Assignment business.

SimSmart is a modular solution which has separate modules for pre & post deal activities.

While pre-deal activity focuses on originator creation, deal details and agreement with respect to incomes and losses and cherry picking to finalize the deal, post-deal activity focuses on monthly reconciliation, DPD calculation and NPA tracking. An accounting module ties both together by passing accounting entries which can then be handed off to the core system. SimSmart becomes the LMS for direct assignment business.

Some Challenges are listed below

• Credit risk assessment,

• Meeting the minimum retention requirement

• Efficient servicing and collections,

• Legal and regulatory compliance

• Market perception

• Transparency concerns

• Same pool shared by the originator to multiple potential buyers thereby creating a risk of losing the best loan accounts to competitors if not swiftly acted upon

Overcoming these challenges requires effective risk management, operational capabilities, technological infrastructure, and collaboration between originators, investors, and regulators. SimSmart successfully bridges these gaps and ensures full regulatory compliance.

1. End-to-End Process Flow Coverage

2. Efficient Tracking of Multiple Deals

3. Customizable Pre-deal Characteristics

4. Mapping Multiple Files and Fields

5. Business Rule Application

6. Auditor Allocation and Due Diligence Tracking

7. Online and Offline Due Diligence Updates

8. Customized Report Generation

9. Loan level information

10. Daily DPD reporting

11. Credit Monitoring and Stress Testing

12. Integration with Existing Systems

Our team of experts will give you a free demo of our product(s) as well as discuss how our solutions can be configured specifically to your business requirements.

SimSol does accept POCs for a charge. This charge is based on the actual effort that will go into the POC based on its scope. However, on success of the POC, when the organization places an order for the solution, this amount already paid will be reduced from the license/subscription cost.