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SAFeRMIAC

SAFeR™ is an electronic registry that prevents institutions from pledging loan collateral to multiple lenders, preserving lien integrity.

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Product details

SAFeR™ (Secured Asset Finance Electronic Registry) is a software solution designed to prevent financial institutions from pledging the same loan collateral to multiple lenders. This helps to preserve the lien in the loan collateral and avoid duplicate pledges. The eRegistry allows users to identify and avoid such pledges, displaying lists of potential duplicate loan sets filtered by verification levels. SAFeR™ enables institutions to verify the lien of their pledged collateral, test loans against the registry, and notify lenders of pledge conflicts. It records the exact time a pledge commitment is agreed upon, facilitating independent governance. All software solutions include onboarding assistance, onsite and online support with extended working hours, and industry expertise from experienced financial sector professionals.

Features & Benefits

  • Identify Multiple Collateral Pledges: Utilizes an eRegistry to identify and avoid pledging the same collateral to multiple lenders.
  • Protect Your Collateral: Displays potential duplicate loan sets grouped by verification level filters to safeguard collateral.
  • Verify Lien Integrity: Enables testing of loans against the registry to confirm the validity of pledged collateral liens.
  • Prevent Duplicate Pledges: Actively prevents loan collateral from being pledged to multiple lenders.
  • Notify Lenders of Conflicts: Provides a mechanism to alert lenders about pledge conflicts.
  • Record Pledge Commitments: Records the exact time a pledge commitment is agreed to for auditability.
  • Enable Independent Governance: Facilitates independent oversight and control over collateral pledges.
  • Comprehensive Support: Includes onboarding, onsite and online training, and extended support hours.