Portfolio 360 Launches Mosaic Loan Intelligence Platform® -- a Web-based System for Proactive Loan Portfolio Analysis, Pricing & Financial Reporting

LAGUNA NIGUEL, Calif., Oct. 23, 2012 /PRNewswire/ -- Portfolio 360, Inc. (P360) has developed a software platform that enables credit unions and other financial institutions to manage loan portfolio data from a single centralized system, the Mosaic Loan Intelligence Platform. The proprietary system simplifies loan reporting and analysis by aggregating and storing information from a variety of systems and file formats.

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"Credit unions can generate regulatory and financial reports, as well as perform risk assessment, risk grades, pricing and more within seconds," said Carl Meiswinkel, President of P360. "They can analyze their data and supporting documents, giving a 360-degree view across their portfolio from Mosaic's dashboard."

P360 is a data intelligence and analytics firm with deep experience serving clients in the mortgage-banking industry. The firm works with credit unions, investment banks, lenders and loan servicers. Its Mosaic product is a software as a service (SaaS), providing transparency and cost-effective, efficient tools for improved decision making companywide. Institutions can use the detailed analysis for audit, product development, marketing, accounting and fraud detection.   

For Harland Bengs, Chief Financial Officer of Farmers Insurance Group Federal Credit Union in Los Angeles, Mosaic has been a valuable addition to the organization's risk-management, compliance and reporting processes. It has allowed the $618 million Credit Union to be more proactive in protecting its assets.

"Our board and ALCO have been so impressed with P360 and their analytical capabilities that we have contracted with them to perform quarterly analysis for us," Bengs said. "With the state of the economy and the challenges facing the credit union industry, I believe others would be keenly interested in what the Mosaic platform has to offer."

According to Farmers Commercial Real Estate Manager, Rhonda Ellison, the ability to view loan data altogether in a single format is invaluable, simplifying decision-making and board reporting.

"Our commercial loan data traditionally has come from different servicer platforms and different formats, which requires a lot of time to compile," said Ellison. "The Mosaic system isn't like that. Because I have a complete picture of my portfolio, including all of the risk factors, I can more easily access and manage it."

Meiswinkel says clients appreciate a central repository that provides total visibility and accessibility in real-time, down to loan-specific data. Among the Mosaic Loan Intelligence Platform's key features:

• Instant reporting – ALLL, financial footnotes and disclosures, and valuation
• 24/7 access – all loan data available in one system, on financial managers' schedule
• Drill-down reporting – customizable on all asset classes and cross-pool analytics
• 360-degree view – ability to see information across portfolios, asset types and borrowers
• Flexible reporting – includes more than 300 loan-level data points per asset
• Loan-level analysis – loan level risk assessment, pricing, reporting and disclosure

Matt Piazza, Vice President of Finance at Atlantic Financial Federal Credit Union, says Mosaic also makes it easier for institutions to perform merger analysis – a welcome feature. The Hunt Valley, Md., credit union turned to P360 to assist with its merger activities.

"P360 delivered on what we requested. But it didn't stop there," he said. "They went way above our expectations and provided analytics we didn't even think to ask for. We were thoroughly pleased with the results."

Meiswinkel says Mosaic makes loan analysis easier and all but eliminates the time spent on financial and regulatory reporting – important, given the level of regulatory scrutiny financial institutions face today.

"When we demonstrate the system, credit unions become more excited about data," he said. "Our clients say this is the data set and tool they need to manage their portfolios the way they should be managed."

About Portfolio 360, Inc.
Portfolio 360 is a California-based corporation specializing in state-of-the art technology that combines loan-level analytics with data accessibility. The firm's centralized loan repository standardizes data from all sources to simplify financial reporting and provide visibility with instant loan level detail. Its experienced team works closely with credit unions to proactively manage risk and provide business intelligence solutions for all departments. This unparalleled insight delivers executive-level visibility and creates a more complete picture. For more information, visit www.p360inc.com or call 949.347.7700.

Contact:
Kara Harrington, Portfolio 360 Inc. (336) 510-9901 [email protected]

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SOURCE Portfolio 360