Any structure you monitor. Onboarded by configuration, never by code.
For factors, independent lenders and specialty lenders running lean teams. CORA takes on each new facility from its documents in a conversation and works with the files your borrowers already send.
At a glance
Exact to the cent
Advances, reserves and balances held exactly as the record states them.
Drafts you confirm
Requests and chases are drafted, and nothing goes to a borrower until a person confirms it.
Your environment
A shared cloud environment or one dedicated to your institution, encrypted in transit and at rest.
In detail
A new facility, set up in a conversation.
CORA reads the agreement, the fee letter and the history, proposes the setup and asks your team only what the documents leave open, so a new structure arrives as configuration rather than a project.
- From the agreement, the fee letter and the history
- Judgment calls asked, with a recommended answer
- Configuration, never code
More facilities, the same team.
Each reporting cycle runs from the deal's own setup, so a small team can carry a varied book without rebuilding its process for each structure.
- Files accepted in the borrower's own format
- Each cycle run from the deal's setup
- Only what needs a decision brought to your team
Each act, with a name on it.
Uploads, answers, approvals and changes are recorded with who made them and when, so any figure traces back to the act that set it.
- An audit trail with who and when
- Role-based permissions and approvals
- Each figure traced to its source
How lenders use it.
Answer a judgment call
Answer only what the documents leave open, asked as a short question.
Choose a reading
Choose between the readings, each with the part of the agreement it comes from.
Spot the disagreement
See why a question was raised, such as a preamble and a signature page that disagree.
Questions.
Can CORA handle structures that are not standard?
Whatever you monitor is onboarded by configuration, from the deal's own documents, so the book is not limited to a template.
Do our borrowers have to change their reporting format?
No. They keep sending the files they already send, in the format they already use.
What does our team decide during onboarding?
Only the judgment calls: terms the documents leave open, each asked as a short question with CORA's recommended answer and the agreement's words.
Can a small team run a varied book?
Yes. Each reporting cycle runs from the deal's own setup, and the team steps in where a decision is needed.
How do approvals work?
On your own approval tiers with named seats, and role-based permissions decide who can act.
Onboard your next facility on CORA.
Bring the agreement and the history, and see the setup proposed.