Most institutions have strong origination systems and solid servicing platforms. The middle — post-origination monitoring — runs on spreadsheets, email chains, and manual work. That’s where portfolio risk hides and loan officer time disappears.
As your commercial, ABL, or agricultural portfolio grows, manual covenant tracking breaks down:
| The problem | With Covarity |
|---|---|
| Covenant breaches surface weeks too late | Systematic tracking flags issues when they happen |
| BBCs and advance rates tracked by hand | Borrowing base and collateral monitored in one place |
| Seasonal ag lines and shifting collateral slip through | Every loan stays tracked — 15,000+ loans, $40B+ monitored |
| Borrowers buried in email threads | Client Portal: secure email link, login, or SSO |
| No trail when examiners ask for your methodology | Examination-ready documentation, built in |
Show examiners a documented process — not a spreadsheet. See how it works.
PURPOSE-BUILT FOR US COMPLIANCE
Covarity gives US banks and credit unions the documented, audit-ready monitoring infrastructure that regulators and examinors expect — and that spreadsheets and email threads can’t provide.
Covarity's four-stage review workflow — Receive, Process, View, Publish — creates a repeatable, documented monitoring process for every loan in your portfolio. The kind of systematic process examiners expect to see, and that ad hoc spreadsheet workflows can't demonstrate.
Every document submission, ratio calculation, covenant review, and borrowing base adjustment is timestamped with user attribution. When examiners review your monitoring process, you have systematic evidence — not email threads.
Real-time view across your commercial, ABL, or agricultural portfolio. Filter by relationship manager or analyst. Identify concentration risks and covenant trends before they become regulatory concerns. Export for credit committee review.
What sets Covarity apart
$40B+ in committed capital is monitored on Covarity. See what that looks like at your scale.
BUILT FOR YOUR TYPE OF LENDING
Covarity adapts to how you lend — not the other way around.
Automate borrowing base certificates, enforce concentration limits, and give your borrowers real-time availability — without
the manual back-and-forth.
✓ Borrowing base automation
✓ A/R aging and concentration limits
✓ Cross-aging and advance rate rules
✓ Real-time availability in Client Portal
Commercial and agricultural lending divisions that need
systematic covenant tracking, borrower document collection,
and portfolio-wide compliance visibility — without adding
analyst headcount.
✓ Borrowing base automation
✓ A/R aging and concentration limits
✓ Cross-aging and advance rate rules
✓ Real-time availability in Client Portal
Monitoring for farm operations requires more than standard
covenant tracking. Covarity handles seasonal adjustments,
crop insurance, livestock and equipment collateral, and
seasonal borrowing base.
✓ Seasonal covenant adjustments
✓ Crop insurance certificate tracking
✓ Livestock and equipment collateral monitoring
✓ Seasonal borrowing base calculations
Built to the standards your risk, IT, and audit teams expect — and to satisfy the regulators and examiners who review them
Annual third-party audit of our security controls.
Granular permissions, full activity logging, and dual-authorization workflows.
Data encrypted at rest and in transit. Multi-factor SSO authentication available.
Complete logging with examiner-ready exports.
Your path to modern monitoring
Configure your eligibility rules, covenant packages, and reporting frequencies. Set up borrower portal access and notification preferences.
Migrate existing borrower relationships, historical financials, and covenant tracking. Integration testing with your existing systems.
Hands-on training for credit analysts, relationship managers, and CCOs. Workflow training tailored to your institution's processes.
Production launch with parallel processing during transition. Dedicated customer success support throughout.
Answers to the questions US banks, credit unions, and non-bank
lenders ask most about Covarity.
Yes, our credit unions customers with commercial member business loan portfolios use Covarity for covenant tracking, financial statement collection, and portfolio compliance reporting. The platform is designed to handle growing commercial portfolios without proportional headcount increases — important for credit unions managing MBL portfolios alongside their core consumer business.
These controls are designed to meet US banking vendor management requirements, including OCC third-party risk management guidance.
Give your credit team real-time visibility into covenant health across every loan — and the documented, systematic monitoring process federal and state examiners expect to see.