Harland Financial Solutions Releases CreditQuest® Rating Manager™ to Streamline the Credit Risk Rating Process

New Solution Enables Lenders to Reduce Losses and Make Better Risk Decisions

LAKE MARY, Fla.--(BUSINESS WIRE)--Harland Financial Solutions announced today the release of CreditQuest^® Rating Manager^™, the latest addition to the CreditQuest risk and credit management software suite.

“The functionality in Rating Manager is essential to maintain the level of portfolio management and underwriting analysis required to meet the needs of today’s challenging credit management and regulatory environment”

Rating Manager is designed to enable financial institutions to improve the credit risk rating process. Using definable workflows, it automates the retrieval of existing data and ultimately route as the rating to designated staff for peer review, override or final approval, while storing historical rating data for future analysis.

“The functionality in Rating Manager is essential to maintain the level of portfolio management and underwriting analysis required to meet the needs of today’s challenging credit management and regulatory environment,” said Latimer Asch, managing principal of Asch Advisory Services LLC and member of the Credit Risk Consortium. “With this technology, financial institutions are more equipped to manage and mitigate credit losses and proactively meet regulatory standards. Rating Manager provides the tools and reporting necessary to help create and maintain outstanding credit management practices in an organization.”

The browser-based solution can accommodate multiple rating models that may be required to rate the various types of counterparties and credit products within an institution’s credit portfolio. It enables easy deployment of internal rating models and provides enhanced staff collaboration during processing.

“The recent economic conditions and credit volatility have highlighted to lenders the need to reassess, more frequently, the business on their books and reconsider the evaluation criteria,” said Scott Hansen, executive vice president of business development, Harland Financial Solutions. “Rating Manager provides the functionality lenders need to efficiently apply objective rating processes, both when evaluating borrower and loan risk at the point of initial approval, and at scheduled review points. This leads to better, more consistent risk decisions and improved performance outcomes.”

With growing regulatory and compliance pressures, the CreditQuest risk and credit management software suite provides financial institutions with the tools to streamline their credit management process, strengthen their ability to quickly identify risk and deliver consistent results. Its credit risk management technology offers end-to-end straight through processing from origination to financial analysis, risk rating, portfolio management and reporting. The key functions of CreditQuest cover the entire credit management process, and it scales to meet the credit risk management needs of financial institutions of all sizes.

About Harland Financial Solutions Inc.

Harland Financial Solutions Inc. (www.harlandfinancialsolutions.com) supplies software and services to thousands of financial institutions of all sizes, offering its solutions in both an in-house and service bureau environment. It is a leader in core systems, business intelligence, branch automation, payment processing, enterprise content management, lending solutions, risk management, compliance, financial accounting, mortgage solutions and self service solutions. The company is an indirect wholly-owned subsidiary of Harland Clarke Holdings Corp., which also owns Harland Clarke and Scantron.

The information contained in this press release is accurate at the time of publication. However, service offerings and availability, relationships, contacts and other specified information may change over time.