MST (MainStreet Technologies, Inc.) is working with senior bank management in financial institutions throughout the US and Asia by implementing application software that address the most critical and complex processes in managing loan portfolio risk. The suite of solutions specifically developed for bankers is designed, installed and supported by MST.
MST began in 1999 initially developing and supporting technically advanced solutions for electronic records management specific to land records. Superior Court Clerks in Georgia and Kentucky continue to rely on MST software solutions and services for managing real estate documents.
In 2005, MST developed its Loan Administration System, allowing banks to track and report on the documents that are critical to securing loans. In 2009, MST engineered the Loan Loss Analyzer which addresses the detailed process for estimating a bank’s most critical quarterly calculation, the Allowance for Loan and Lease Losses (ALLL). Recently released is MST Review, a system of administration modules that automate the bank’s loan and credit review functions.
Expanding state and federal regulatory requirements has escalated the level of accountability for bank directors, presidents, CEO’s, CFO’s and all senior management. It is incumbent upon the leadership of a financial institution to understand, manage and accurately portray the risk associated with banking. In financial institutions located throughout the United States and abroad, MST has successfully implemented our applications that automate intricate calculations, complex processes and comprehensive reports which depict the level and quality of risk.
The most gratifying validation of our solutions is that field examiners for regulatory agencies, such as the FDIC, are recommending banks contact MST. Also, bankers are sharing their stories, calling our automated tools “game changers.” A CFO for a $2 billion institution said manually estimating the bank’s ALLL took 45 days. The first quarter he used MST’s solution, the entire process took less than two days. Besides our growing national reputation for ease of use, speed and accuracy in risk management software, MST banking customers are complimentary with the level of customer service and technical support we provide.
The solutions MST provides is vastly improving difficult, labor intensive, manual processes. We have been diligent to ensure the methods MST has pioneered are sound. Today, banks larger than $100 billion are looking to MST, confirming our methodical approach has indeed resulted in solutions that can be implemented in almost every one of the over 7,400 U.S. banks, as well as in international banking institutions which must conform to U.S. regulations.
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