Incorporated since 2001, Covarity is the leading provider of commercial loan monitoring software solutions.

As a largely manual and unstructured task, loan monitoring is the single most costly and ineffective process in commercial lending. By automatically gathering, validating, and analyzing borrower data, the Covarity Dashboard allows lending institutions to reduce audit burden for management and reduce loan monitoring and administration effort by 70%. Most importantly, the Covarity Dashboard is the only solution available that creates visibility into portfolio risk.

The Covarity Dashboard also allows financial institutions to improve the level of service they offer to their borrowers, by giving borrowers a convenient, secure way to electronically upload their financial information. The Covarity Dashboard also gives borrowers visibility into the same ratios and key business metrics their lenders use to evaluate loans.

The Covarity Dashboard commercial loan monitoring solution is part of the broader Credit Risk Management space. The Covarity Dashboard compliments and supplements loan origination solutions, and enables financial institutions to perform as part of regular loan monitoring the type of analysis typically done at the time of the origination of a commercial loan. The Covarity Dashboard commercial loan monitoring solution is applicable to banks, credit unions, and other financial institutions with commercial lending portfolios. The Covarity Dashboard solution helps reduce the monitoring effort associated with many types of business lending, including commercial and industrial lending, margin lending, and formula-based lending.