Loan IQ is a financial software solution developed by Finastra (formerly known as Misys). It is primarily used in the banking and financial services industry for loan servicing and syndicated lending operations. Loan IQ automates various aspects of loan management, including origination, servicing, documentation, compliance, and reporting.

Here are some key features and functionalities of Loan IQ:

  1. Loan Origination: Loan IQ facilitates the origination process by providing tools for capturing and processing loan applications, assessing borrower creditworthiness, and generating loan documentation.

  2. Loan Servicing: The software manages the ongoing servicing of loans, including tracking payments, managing amortization schedules, calculating interest, and handling escrow accounts.

  3. Syndicated Lending: Loan IQ supports syndicated lending transactions involving multiple lenders and borrowers. It helps coordinate communication and collaboration among syndicate members and automates the administration of syndicated loan agreements.

  4. Collateral Management: The system allows financial institutions to track and manage collateral associated with loans, including real estate, securities, and other assets used as security for loan agreements.

  5. Compliance and Reporting: Loan IQ helps ensure compliance with regulatory requirements and internal policies by providing reporting tools to monitor loan portfolios, assess risk exposure, and generate regulatory reports.

  6. Workflow Automation: The software streamlines loan processing workflows by automating routine tasks, notifications, and approvals, thereby improving operational efficiency and reducing manual errors.

  7. Integration Capabilities: Loan IQ can integrate with other banking systems and third-party applications to facilitate data exchange and workflow integration across the organization.

Overall, Loan IQ is designed to improve the efficiency, accuracy, and compliance of loan management processes for financial institutions, enabling them to better serve their clients and manage risk effectively.