Loss Share Asset Management Tool

SEG’s Loss Share Asset Management System (“LoSAM”) provides acquiring institutions the ability to effectively manage covered assets from a monetary and non-monetary perspective to ensure compliance with the various aspects of the loss share agreement and track receipt of monies due or owed.

• Captures data and provides reporting tool to facilitate loss share administration
• Manages multiple loss share agreements from a single system
• Captures compliance with non-monetary agreement requirements for ease of reporting, as needed
• Accumulates and reports monetary transactions for loss share calculations
• Provides necessary data for effective management reporting needs to fit your organization
• Calculates loss share payments due or owed and monitoring of expected payments due or owed
• Generates FDIC approved portfolio Certificate
• Easily customized to fill identified process and system gaps (e.g., loss mitigation)
• Easily customized to procedural differences among FDIC Loss Share regions
• LoSAM is “user friendly”