Every reporting date, read from the agreement.
CORA reads each credit agreement's reporting calendar and keeps it. Each period opens on its own and asks the borrower for exactly what the agreement requires.
At a glance
Reminders and chases
Borrowers are reminded before a date and chased after it, without anyone keeping a list.
The same dates on both sides
Borrowers see their reporting calendar on CORA, so both sides work to the same dates.
Field work alongside
Field exams and appraisals sit on the calendar beside the reporting cycle.
In detail
The right ask, on the right date.
Two deals with different agreements get different requests, each on its own dates. Nothing more, nothing missed.
- Deliverables drawn from each agreement
- Due dates from the agreement's own words
- Each deal on its own cadence
Postpone a deadline and keep the record.
When a borrower needs more time, extend the date in one step. The new deadline, who granted it and when stay on the deal's record.
- Deadlines extended in one step
- Who extended it and when, recorded
- The new date carried onto the calendar
How lenders use it.
Read the calendar
See each borrower's reporting dates on one calendar, with field exams and appraisals beside them.
Chase what is late
See what is overdue by borrower and date, and chase it without anyone keeping a list.
Plan the week
See which borrower owes what on which day, each deal on its own cadence.
Questions.
Where do the reporting dates come from?
From each credit agreement. CORA reads the reporting requirements and keeps the calendar, deal by deal.
Does someone have to open each period?
No. A period opens on its date and asks the borrower for what that agreement requires.
What happens when a borrower needs more time?
Extend the deadline in one step, and the new date carries onto the calendar.
Can field exams and appraisals go on the same calendar?
Yes. Schedule them beside the reporting cycle, so a deal's year sits in one place.
Do borrowers see the calendar?
Yes. On their side of CORA, borrowers see the reporting calendar and their open requests.
Let the agreement set the calendar.
See a deal's reporting year laid out from its agreement, period by period.