Why do I need the MST Loan Administration System?

With real-time information on loan exceptions and deviations, you can reduce your exposure to losses from bad loans. The System not only reduces risk but improves the efficiency of your loan operations department. It also results in more favorable safety-and-soundness regulatory reviews.

How much does the MST Loan Administration System cost?

Pricing is based on the bank’s asset size. You pay for system design and implementation, then a monthly subscription fee that includes technical support, system upgrades, ongoing training for new employees and regular program evaluation to ensure your loan administration program continues to protect the bank from risk and minimize loss.

Can’t I get software to track exceptions from my core processing system vendor?

None of the core banking systems offers sophisticated tracking and reporting on loan exceptions. Only BankTect provides the level of protection you need to ensure loan documentation is current and accurate.

Do I have to make changes to my core processing system to implement BankTect software?

BankTect is compatible with all bank core processing systems. We install the software to work on your system and maintain it.

Do I need additional IT expertise to maintain BankTect?

No. We maintain the system and provide 24/7 IT support.

How long will it take to install BankTect?

We conduct an initial evaluation so we can design BankTect to address your particular needs and operate the way your bank operates. Once we have custom-designed your system and your data has been entered into the system, it’s ready to use.

How much training will bank personnel need?

Using BankTect is so easy, it requires very little training. It will be done the day we install your system. A data-entry level employee enters the data, or scans it in using MST’s imaging system. Web-based reports are automatically issued to lenders and their support staffs, or they can access reports by logging in from wherever they have Internet access. BankTect is easy to use for even the least computer-savvy employee.

Do you have a program for de novo banks?

MST will help you get off on the right track. Because de novos have no loan assets, we’ll install the system at no charge. Ongoing fees are based on asset growth.