Farmers Insurance Group FCU Pilots Portfolio 360’s New Loan Management Platform

LOS ANGELES – Farmers Insurance Group FCU has begun using Portfolio 360 Inc.’s Mosaic Loan Intelligence Platform that enables credit unions to manage loan portfolio data from a single centralized system.

The proprietary system simplifies loan reporting and analysis by aggregating and storing information from a variety of systems and file formats.

"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," said Harland Bengs, chief financial officer for the $610 million credit union.

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.