Troubled-Debt Restructuring Utility

Automate Lease Modifications to Power Through These Times of Economic Uncertainty

During this time of crisis, lessors are being encouraged to pursue loan modification programs to mitigate the adverse economic effects on borrowers. In order to enable economic recovery, it is essential that all those involved in the equipment financing community streamline processes.

Through Tamarack’s Extension of Terms Automation Utility (ETAU), the forbearance process for leases and loans is dramatically simplified and accelerated. While legacy lease management systems can only do a few modifications at once and each usually takes an employee’s time. The new ETAU enables Lessors to modify thousands of contracts in a matter of minutes without intervention.

Lessors can now easily modify the payment structure for their customers granting, per the Federal Reserve Bank’s (FRB) guidelines, a 60- to 180-day grace period. All modifications are aligned with FRB’s guidelines for financial institutions, the ETAU enables Lessors to quickly comply with the FRB’s guidance performing:

  • Lease/loan modifications
  • Deferral of Past Due reporting
  • Deferral of Nonaccrual and Charge-off status

Any Troubled-Debt-Restructuring is also documented for both Lessor and Lessee for the purpose of pursuing SBA funding to cover the lost revenue created by the COVID-19 epidemic.

For more information contact Tamarack.

Extension-of-Terms Automation Utility with integration services enabling lessors to automate lease/loan modifications for lessees.
 

  • Already deployed by nearly a dozen Monitor 100 companies
     
  • Available immediately, along with integration services.

Irrefutable Inspiration

  If you can’t measure it, you can’t manage it.  

Peter Drucker

  If you can’t measure it, you can’t improve it.  

Lord Kelvin

  There is nothing so useless as doing efficiently something that should not have been done at all.  

Peter Drucker

  Improved productivity means less human sweat, not more.  

Henry Ford

  Strategy is about setting yourself apart from the competition.  

Michael Porter

  Strategy is about making choices, trade-offs; it's deliberately choosing to be different.  

Michael Porter

  The only sustainable competitive advantage is an organization’s ability to learn faster than the competition.  

Peter Senge

  People don’t buy what you do. They buy why you do it.  

Simon Sinek

  The best way to predict the future is to create it.  

Peter Drucker

  What good is an idea if it remains and idea? Try. Experiment. Iterate. Fail. Try again. Change the world.  

Simon Sinek

  A learning organization is an organization that is continually expanding its capacity to create its future.  

Peter Senge

  Anyone who has never made a mistake has never tried anything new.  

Albert Einstein

 
 
 

Contact us

  • Should be Empty: