We Have You CoveredWe Have You Covered

Relief Lending: CARES Act, PPP and Main Street Facilities

Caring for businesses during COVID-19

Supporting small business and consumer lending under the CARES Act

At a time when things are anything but usual, community focused banks and credit unions are vital in paving a path forward for businesses and consumers who are impacted by the COVID-19 pandemic. We understand the complexity of providing Paycheck Protection Program (PPP) funding, consumer payment deferments, credit bureau reporting, and other relief measures to your customers and members.

That’s why Finastra is taking action to optimize an end-to-end suite of lending solutions that make virtual lending easy along with critical updates to our core banking solutions that support your entire organization.

Our goal is to keep our clients updated on changes to our solutions and the CARES Act to help equip banks and credit unions with critical information for borrowers. Download FAQs on the CARES Act.

  

Helping you now

Fusion LaserPro SBA-LS
SBA lending suite

New! Fusion LaserPro SBA-LS 20.2.0 release

  • New PPP borrower application available. Enter application data and produce the document.
  • Transmit the application to the SBA via E-Tran to secure the requested funds and the SBA Application loan number.

Access the release download and detailed release notes in the Finastra Support Center.

Visit the customer Knowledge Center for relevant articles and updates:

  • Paycheck Protection Program (PPP) Loan Processing Tips (NAR8753)
  • Creating a Standard Policy for SBA PPP Loans (HT12231)

Looking for training opportunities and more information? Click here.

Fusion Small Business POS
PPP loan application and origination

A convenient application portal for small business needs, including PPP loans.

  • Web and mobile friendly
  • Streamlined application
  • No lengthy implementation or custom branding requirements for PPP loans

We are proud to offer Fusion Small Business POS FREE* to Finastra clients that are approved to make SBA PPP loans.

Visit our webpage to get started today.

*Free through June 30, 2020.

ProSign Online
Remote online notarization

Meet borrower demand, wherever they may be, with end-to-end flexibility and remote lending options: eSignature solutions and Remote Online Notarization (RON).

  • Authenticate the borrower
  • Collect required documents
  • Electronically sign final loan documents

Looking for training opportunities and more information? Click here.

Visit the customer Knowledge Center for relevant articles and updates

  • Remote Document Signing and Collaboration with ProSign Online (BLN5216)
Fusion Phoenix
Loan onboard and servicing

Fusion Phoenix allows you to onboard and service all types of loans, including SBA loans, payment deferments, interest adjustments, and so forth.

Each financial institution is unique in how it configures loan classes. There are minimum government requirements for an institution’s loan setup, but there are additional restrictions a financial institution can or will impose on those requirements with Fusion Phoenix. For PPP loans, configuring loan classes is the same for SBA loans. If you currently do not process SBA loans, you will need to set up a PPP loan class based on your established practices.

Knowledge Center Resources

  • Fusion Phoenix and the CARES Act presentation April 9, 2020 (BLN5228)
  • Fusion Phoenix - Deposit processing settings to help your customers / members (BLN5226)
  • Fusion Phoenix - Loan processing settings to help your customers / members (BLN5227)
  • Fusion Phoenix Regulatory considerations to help your customers / members (BLN5233)

NOTE: If you are a user without a Knowledge Center account, please contact your institution’s administrator.

Fusion UltraData
Consumer loan support

Fusion UltraData currently supports servicing of all consumer loan types as well as SBA Colson Reporting and Credit Bureau Reporting.

For Fusion UltraData clients, the focus is on consumer lending products but standard functionality supports a number of options to help credit unions provide payment deferrals when requested by members.

Knowledge Center Resources

  • Fusion UltraData and the CARES Act presentation April 9, 2020 (BLN5229)
  • Fusion UltraData – Existing features to help your members (BLN5232)

NOTE: If you are a user without a Knowledge Center account, please contact your institution’s administrator.

Fusion Sparak
Loan and Credit Bureau reporting

Fusion Sparak currently supports servicing of all loan types as well as SBA Colson Reporting and Credit Bureau Reporting.

Fusion Sparak includes comprehensive options to handle payment deferrals and other provisions as defined within the CARES Act. Two enhancements are being developed to help automate consumer and commercial lending.

Knowledge Center Resources

  • Fusion Sparak and the CARES Act presentation April 9, 2020 (BLN5230)
  • Fusion Sparak – Loan processing settings to help your customers (BLN5237)
  • Fusion Sparak – Deposit processing settings to help your customers (BLN5236)

NOTE: If you are a user without a Knowledge Center account, please contact your institution’s administrator.

  

PPP Customer Testimonial Videos

Hear from banks and credit unions on their firsthand experience with the PPP and Cares Act.

 

 

  

Webinars on-demand

Helping you help your community

We have you covered

Quick win tips

 

 

Training options and learning tools
arrow-right

New! Training options available: Webinars, Admin and User 101 Classes, and additional learning tools

Fusion LaserPro SBA PPP - Three training package options, more information and registration

ProSign Online - Two training package options, more information and registration

Questions? Get in touch.