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(EMAILWIRE.COM, July 17, 2010 ) Boca Raton, FL --- Banks survive and prosper based on the quality of their loan portfolios. If you read about bank failures they
have a common thread of having too many problem loans in their portfolio. They were not monitoring certain aspects of the portfolio and the decline in quality went unnoticed until it was too late. Bank
examinations and loan reviews are controls put in place to attempt to identify problems before it is too late.
This segment features Applied Micro Technology, a company that assists the bankÂ’s management team by creating systems that monitor all aspects of the loan portfolio on a daily basis.
“Our Loan Quality Assurance System introduces remote loan review capabilities. This will save the bank hundreds of thousands of dollars over the life of the system. What took days to accomplish now takes minutes. When you are paying large amounts to loan review personnel time is money,” stated Chris J. Crawford, President – Applied Micro Technology, Inc.
JL Haber, Vice President of Programming at Multi Media Productions, added, “Applied Micro Technology is providing banks with a much needed solution. We are excited to feature them on our program.”
About Applied Micro Technology, Inc.
Applied Micro Technology, Inc. (AMT) was founded in 1984 to provide supplemental functions to existing lending information systems. They invented and deployed document tracking in March 1984. There are over fifty features in LQAS (Loan Quality Assurance System) that were originally developed by our company. The most recent feature is remote external loan review.
http://lqas.com/Solutions/Loan-Review-Export.php
The system has the information needed to create the review sample and forward the inf¬ormation to the review team located in our office. Internal loan review will realize the same savings using the tools in the system. One example is LQAS can create a review sample in minutes that a client generated in four days before implementing the system. This feature will save the bank hundreds of thousands of dollars over the life of the system. The lending staff can use the system to track and image all loan and customer documentation and forward the information to the lending staff regardless of location. The current client base totals four hundred billion in bank assets monitored nationwide. Their management team is comprised of ex bankers and/or regulators. The president of the company and original developer of LQAS was an examiner and a commercial lender.
They have full integration of document imaging with automatic indexing at the document level and two-second retrieval to the branch on a 56 kb connection. One client is retrieving images in a quarter of a second. They have also developed a document tracking and imaging system for the deposit area.
AMT has been featured in the Microbanker Research Letter and issues of the RMA Journal.
For more information, please visit http://www.lqas.com
About 21st Century Business
21st Century Business is an award winning business series independently produced by Multi-Media Productions. The show provides its business viewers in-depth industry solutions from top business leaders from across the world. From energy to the financial circuit, from telecom to product development, 21st Century Business covers all corners of industry and innovation.
21st Century Business airs on highest rated cable networks in the United States as well as international venues across the globe. The series can also be viewed through video on demand via http://www.21cbtv.com. Due to its educational value, the 21CBTV Series is also available at more than 25 prestigious college universities, including Carnegie Mellon University, Howard University, Dartmouth College and Georgetown University.
For specific market-by-market air dates and times, please e-mail Moniqueh@mmpusa.com. For more information, please visit http://www.21cbtv.com.
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MultiMedia Productions
Gila Stern
561-988-9449 x228
gstern@mmpusa.com 
Source: EmailWire.com
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