News

FIMAC SOLUTIONS LAUNCHES NEWEST ADDITION TO THE FIMAC MOUNTAIN SUITE WITH A CONSTRUCTION AND DEVELOPMENT LOAN STRESS ANALYTICS MODEL

Stress the performance of Construction and Development Loans accurately at any point during the loan’s term from underwriting through payoff.
DENVER (Sept. 10, 2009) – FIMAC Solutions, LLC, announced today that it has released the newest addition to its FIMAC Mountain suite of products - Construction Stress Analytics; the most accurate commercially available model for construction and development loan stress testing in the marketplace.

FIMAC Solutions, LLC, based in Denver, is one of the country’s leading providers of banking software focused on risk management and profitability solutions and an innovator in the area of CRE and construction stress analytics.

FIMAC’s David Hynds, a former construction lender, says that “Due to the large number of moving parts associated with construction stress testing, accurately stress testing such loans has been non-existent to this point. This is a ‘live action’ model, it’s up-to-the-minute and current. It asks and predicts all the possible changes and stress points that can impact a loan throughout its life and it meets and exceeds all known regulatory requirements.”

The model works for a single home, large land and housing developments, condominium complexes, office buildings, and more.

“This dynamic new model for stress testing construction/development loans integrates all the key elements suggested by the Federal Reserve along with variables intrinsic to this type of lending. Our construction stress analytics provide instant results to complex loans and delivers the output in easy-to-use reports,” Hynds explained.

Put simply, FIMAC’s new Construction Stress Analytics model analyzes how a commercial construction or development project may perform over the life of the project under stress. Focusing on eight key factors of stress, the program estimates loan interest payments, along with Loan to Values and loan payout dates, to provide highly accurate results. Stress ratings set by the user insure that Interest Reserve capacity is sufficient to cover the interest payments. The ability of the project to generate sufficient cash flow for total repayment is also analyzed by the program. Users are able to stress test individual loans on numerous factors specific to construction lending, including interest rates, absorption rates, project timing and repayment structure. A fluid model, it easily handles the stress factors that may occur in construction lending, and provides immediate information to the user. 

Building from similar technology used in the powerful FIMAC Solutions’ CRE Stress Analytics model for Commercial Real Estate stress testing, Construction Stress Analytics also gives the user the ability to stress test the entire portfolio, or portions thereof using its advanced filtering tools. Different sectors of loans can be stressed at different levels, based on varying local and market-wide factors.

“This newest addition to our FIMAC Mountain suite is going to be invaluable to just about everyone involved with the process,” said Greg Doner, founder and president of FIMAC Solutions. “Loan managers can now look into the future, input possible changes and ask, ‘what if?’; senior lenders can see and evaluate an entire portfolio. There is no guess work. It is accurate, predictive and just a click away.”

Shirley Senn joins Financial Institution Management Associates Corp. as Senior Vice President
DENVER (August 24, 2009) – Shirley Senn, a 20-year veteran in the credit union consulting, asset liability management, banking and investment industries, has joined Financial Institution Management Association Corp. (FIMAC) as the company’s new Senior Vice President.

FIMAC, based in Denver, Colo., a consulting firm is a wholly owned subsidiary of FIMAC Solutions LLC, also of Denver. Ms. Senn will be based in San Diego.

In her new position at FIMAC, Senn will be responsible for expanding the company’s current consulting services. The firm is focused on providing performance based balance sheet and risk management consulting services to its clients.

Senn is an expert in asset liability and balance sheet risk management and has managed several companies’ asset liability analytical services and investment advisory programs, including portfolio analysis, policy design, investment recommendations, regulatory compliance and related program development and marketing. She has worked for many of the country’s leading financial institutions and credit unions, including Southeast Corporate Credit Union, Volunteer Corporate Credit Union, Prudential Securities and Merrill Lynch.

“Our goal is to have long-term relationships with our clients and to offer them insight, expertise and a depth of knowledge that will help them succeed over the long-haul,” said Greg Doner, FIMAC’s founder and president. ”What Shirley brings to our company and to our clients is a dedication to those relationships. She also brings a keen understanding of the current landscape and a proactive approach to helping financial institutions meet their business goals, prosper and grow.”

“I am excited to join the FIMAC team.” Senn said. “The value we bring to our clients is that we are more than simply a consulting firm; as proactive advisors we are able to take a holistic approach to empower our clients. Our independent services are designed to help our clients understand regulatory and reporting policies and procedures, and to put in place systems that allow us to respond to client’s specific objectives.”

Senn has an undergraduate degree in agricultural finance and economics from New Mexico State University.

FIMAC Solutions joins with Suntell in a Joint Marketing Agreement to offer clients to further assist clients with their commercial loan management needs.
Denver, CO – July 2009 – FIMAC Solutions is pleased to announce a marketing affiliation with Suntell and their SquareOne Credit Suite.  Suntell has been serving financial institutions across the country for over 13 years.
 
Suntell’s SquareOne Credit Suite was designed and developed by commercial bankers to meet the need for a more streamlined commercial lending process. User friendly and moderately priced, SquareOne Credit Suite will help centralize all of your crucial loan portfolio management requirements, simplify your agricultural lending, reduce the amount of paper while better organizing loan files, and dramatically improve internal communication during the lending process. You can implement the entire suite, or only the tools that your institution needs. The success and power of the SquareOne Credit Suite is reflected by the placement of more than 140 platforms within Banks and Credit Unions.
 
For clients of FIMAC Solutions this affiliation is excellent news, as Suntell’s Loan Management System now allows for a nearly seamless interface with our CRE Stress Analytics©.  Just push a button in the Loan Management System and the available extracts are ready for import.
So if you need greater efficiency and cost effectiveness in your commercial lending efforts, contact us today at 877-322-1880 for a personal referral to Suntell. We can even arrange a no cost WebEx demo of the Suntell products! At the same time, talk to us about a dual install with CRE Stress Analytics.

We are just introducing our new construction loan stress testing module for CRE Stress Analytics, and are also marketing the module as a standalone software called Construction Stress Analytics©.  Both will handle all of your needs, at very affordable pricing.  Pricing is based on a loan count basis and number or users, so knowing your CRE and construction/development loan count will help us when you call.

FIMAC Solutions is a proud new Associate Member of the Independent Bankers of Colorado
Denver, CO – July 2009 – FIMAC Solutions is pleased to announce our membership with the Independent Bankers of Colorado (IBC). The IBC is the strongest Colorado banking trade association, representing more than 95 banks, and is dedicated to the enhancement and preservation of America’s unique system of independent banking. By joining the IBC, FIMAC Solutions has made a commitment to keep Colorado’s independent banking community strong and united.

Stephen Roy Joins FIMAC Solutions as National Sales Executive.
DENVER (July 27, 2009) – FIMAC solutions, one of the country’s leading provider of banking software focused on risk management and profitability solutions and innovator in the area of CRE and construction stress analytics, announced today that it has hired Stephen Roy as the growing company’s newest national sales executive.

In his new position at FIMAC, Roy will be responsible for selling FIMAC’s entire FIMAC Mountain suite of products, including its CRE Stress Analytics©, Construction Stress Analytics©, Risk Analytics® ALM Model© and the Balance Sheet Manager© module, Deposit Analytics©, and A/L Reporter©, to banks, thrifts, and credit unions.

“Building our company means attracting and hiring the best,” said Greg Doner, FIMAC’s founder and president. “Steve has a deep knowledge of the space and his experience in risk management policies and practices is unique in the industry. His ability to understand each institution’s individual issues and needs and to be able to see things from different perspectives will be an undeniable asset to the company and, most importantly, to our clients. We’re thrilled to have him on board.”

Roy comes to FIMAC with eight years of sales and consulting experience in the area of risk management for financial institutions. He began his career with a large risk management software company as a client services consultant for their funds transfer pricing and asset/liability management software solutions. Then, as a regional sales manager he was responsible for selling the company’s ALM, Budgeting & Planning, funds transfer pricing and profitability solutions to financial institutions of all sizes in the Southeast. Most recently, as a national sales executive for a large corporate credit union, Roy was primarily responsible for selling new memberships, advisory consulting, ALM services and investment products to credit unions across the Northeast.

“I am very excited to join FIMAC Solutions at a time of such growth for the company,” Roy said. “I was immediately impressed with FIMAC Solutions’ management, market strategy and extensive product offerings. I look forward to helping FIMAC Solutions grow its market presence in the U.S. by taking advantage of my industry knowledge and network.”

Roy has an undergraduate degree in marketing from Babson College and recently obtained his MBA from the F.W. Olin Graduate School of Business at Babson College, where he concentrated in Finance.

Corporate America Credit Union and FIMAC Reach Agreement to Offer Risk Management and Profitability Solutions to Credit Unions. 
Denver, Colo.-October 8, 2008 - Corporate America Credit Union and FIMAC Reach Agreement to Offer Risk Management and Profitability Solutions to Credit Unions.

Corporate America Credit Union (CACU), a state chartered corporate credit union, and FIMAC Solutions, LLC, an experienced developer of risk management and profitability software for credit unions, announced that the two organizations have reached a long-term licensing agreement for the use of FIMAC's Risk Analytics® ALM Model, Balance Sheet Manager, and A/L Reporter by CACU and its member credit unions.
Based in Birmingham, Alabama, CACU has over $1.4 billion in assets, and serves the financial needs of 174 member credit unions. Under the agreement, CACU will use FIMAC's products exclusively for its asset liability management (ALM) and interest rate risk (IRR) needs and will offer the products for use by its member credit unions.
"Corporate America is pleased to be partnering with FIMAC both for our own utilization of their products and for the opportunity to offer these products to credit unions," said Thomas Bonds, President and CEO of Corporate America Credit Union. "We conducted extensive due diligence on a variety of offerings and determined that FIMAC exceeded their competition in ease of use, flexibility, analytics and pricing. FIMAC's products are also structured so that they have an application for all credit unions, regardless of size. We're always seeking services that can assist credit unions in making management decisions and meeting regulatory requirements."
"We're thrilled to add Corporate America Credit Union and their members as users of our products," said Gregory Doner, Chairman and CEO of FIMAC Solutions, LLC. "With the addition of CACU, the business partners utilizing our innovative solutions now include four corporate credit unions and more than 80 natural person credit unions nationwide."
Risk Analytics® ALM Model, Balance Sheet Manager, and A/L Reporter
The Risk Analytics® ALM Model is a dynamic income simulation and net present value asset and liability management model. The ALM Model is a high quality cost-effective solution to address the interest rate risk of financial institutions and satisfies all the major regulatory and accounting requirements. FIMAC uses a "software as a service" (SAAS) format, so the ALM Model, controlled by the user, processes on a central web-based server and does not require the purchase of software.
Balance Sheet Manager (BSM) is a Windows©-based software that provides users with a quick, accurate measurement of the impact management decisions will have on the balance sheet and income statement. BSM allows the user to perform "what-if" scenarios and analysis to determine the impact current earnings, equity value, the risk of interest rate changes to earnings and equity, key liquidity and capital ratios, and compliance with respect to set risk limits.
A/L Reporter, a service bureau approach designed for smaller credit unions, provides asset and liability reporting primarily utilizing data from a credit union's Form 5300 Call Reports and ARIES files.
FIMAC Solutions, LLC
FIMAC Solutions, LLC, provides Creative Analytic Solutions for Depository Institutions. Based in Denver, Colorado, FIMAC specializes in providing credit unions and banks with software focused on risk management and profitability. The Company's flagship product, Risk Analytics® ALM Model, is recognized throughout the industry with approximately 350 placements. For further information, please call FIMAC Solutions at (303) 320-1900, email sales@fimacsolutions.com, or visit www.fimacsolutions.com.
Corporate America Credit Union
Corporate America Credit Union, a state chartered corporate credit union with a national field of membership, is a dedicated, not-for-profit financial cooperative. Since inception, Corporate America has served as a source of liquidity, correspondent, investments and related education services. Product and service additions in recent years include revolving demand loans, debit and ATM card services, teller and branch capture and more. Most recently, Corporate America has begun offering our Super 30 account which allows credit unions to earn a higher rate of return while maintaining the short-term liquidity of a share account and free ACH services including origination, receipt and returns. Corporate America operates for the mutual benefit of our membership in serving credit unions daily. For more information on these services or to see our excellent rates, log onto our website at www.corpam.org, call 1-800-292-6242, or e-mail lsmith@corpam.org.

FIMAC and Mid-Atlantic Corporate Federal Credit Union Reach Agreement to Offer Value-Added Risk Management and Profitability Solutions to Members
Denver, Colo.-September 22, 2008 - FIMAC Solutions, LLC, an experienced developer of risk management and profitability software for credit unions, announced that it has reached an agreement with Mid-Atlantic Corporate Federal Credit Union that will allow Mid-Atlantic to offer FIMAC’s Risk Analytics® ALM Model and Balance Sheet Manager software on a private label basis to its member credit unions.
The ALM Model is a dynamic income simulation and net present value asset and liability management model, while Balance Sheet Manager’s “what if” simulations provide users with a measurement of the impact management decisions will have on the balance sheet and income statement. Mid-Atlantic will combine the output of these model reports with consulting services and other value added analysis.
“FIMAC’s experience with credit unions made this relationship a natural fit for us,” said Jay R. Murray, President & CEO of Mid-Atlantic Corporate Federal Credit Union. “Through this partnership, our member credit unions will receive state-of-the-art software, while maintaining the friendly customer service they have come to expect from Mid-Atlantic Corporate.”
“I am very excited about this relationship. We have known Mid-Atlantic for many years and recognize it as a quality organization dedicated to helping its members,” said Gregory Doner, Chairman and CEO of FIMAC Solutions, LLC. “Our software combined with Mid-Atlantic’s team will provide one of the finest services in the nation.”
For further information about any of these products, please call FIMAC Solutions at (303) 320-1900 or email sales@fimacsolutions.com.
Mid-Atlantic Corporate Federal Credit Union is a federally chartered corporate credit union, which provides investment, lending and payment services, including ACH, share draft and electronic bill payment processing, to more than 1,200 credit unions. For additional information regarding Mid-Atlantic Corporate Federal Credit Union, please call 1-800-622-7494 or visit www.midatlanticcorp.org.
FIMAC Solutions, LLC, provides Creative Analytic Solutions for Depository Institutions. Based in Denver, Colorado, FIMAC specializes in providing credit unions and banks with software focused on risk management and profitability solutions. The Company’s flagship product, Risk Analytics® ALM Model, is well recognized throughout the industry with approximately 350 placements. Further information is available at www.fimacsolutions.com

FIMAC Acquires SmartRate Deposit Price Optimization Software
Denver, Colo. – August 5, 2008 – FIMAC Solutions, LLC, an experienced developer of risk management and profitability software for the banking industry, announced that it has reached an agreement with Profitdesk Software Inc. to acquire Profitdesk’s industry-leading SmartRate deposit price optimization software. Please click here for more information.

FIMAC Solutions to Acquire SmartRate
July 16, 2008 – CEO Greg Doner today announced that FIMAC Solutions LLC has reached an agreement with Profitdesk Software Inc. (www.profitdesk.com) to acquire their industry leading SmartRate deposit price optimization software. For more information please click here.


FIMAC Offers “Window to the Future” to Bank CFOs and Loan Officers
FIMAC’s Commercial Real Estate Stress Test helps bankers see the red flags before CRE loans become losses
Denver, Colo. - May 1, 2008 - While the nation’s largest banks continue to reel from the sub-prime mortgage collapse, banks coast to coast have another witches’ brew in the making. Since 2000, the joint regulating agencies have been looking at the levels of underlying risk associated with banks’ commercial real estate loan portfolios. In a report released April 14, credit rating agency A.M. Best reiterated that “commercial real estate risk is the leading contributing factor to overall credit risk for mid-size and small banks.”
"Right now too many community bankers are having too hard a time coming to grips with the problems that have emerged in their commercial real estate portfolios,” Comptroller of the Currency John C. Dugan said in a speech last month.
Veteran former banker Gregory W. Doner, Chairman and CEO of FIMAC Solutions LLC, believes commercial real estate loan failures could be the next big pothole in the road for the U.S. economy. Doner’s company has developed a technology-based ‘magic wand’ that the company believes could help banks, savings & loans and other lenders avoid disaster on the commercial real estate side.
FIMAC recently released its widely anticipated CRE Stress Test model, a proprietary state-of-the-art software product that lets loan officers analyze how a commercial real estate project will perform under changing market conditions. The FIMAC stress test helps bankers become more proactive in recognizing if or when a loan could have trouble repaying.
“For the first time lenders have a scientific way to identify problem loans in advance of the problem,” said Doner. “Stressing a bank’s loan portfolio, loan-by-loan and in aggregate, by simulating changes in real world economic factors, allows lenders to identify the breaking points—in advance.”
Loan officers can push the envelope for a loan by subjecting a CRE project to changes in interest rates, capitalization rates, vacancy rates and rental rates. The program, called CRE Stress Analytics, will stress Net Operating Income (NOI), Capitalization Rate, Estimated Collateral Value, Debt Service Coverage (DSC) Ratio and Loan to Value (LTV) Ratio under any combination of economic and market scenarios.
“FIMAC’s CRE Stress Analytics empowers any banker to run a simulation on a single CRE loan or on hundreds of loans simultaneously to see how his or her loan portfolio will perform in different scenarios that simulate changing market conditions during the life of the loans,” said Doner. “If you are a chief loan officer or a bank CFO, this is like having a window to the future.”
Based in Denver, Colorado FIMAC Solutions, LLC, specializes in providing the financial services industry with banking software focusing on risk management and profitability solutions. The Company’s flagship product, Risk Analytics® ALM Model, is well recognized throughout the industry with approximately 350 placements. Further information is available at www.fimacsolutions.com.

Four Oaks Bank & Trust Company to Use Deposit Analytics
April 10, 2008
FIMAC Solutions LLC has announced that the $700 million in assets Four Oaks Bank & Trust Company of Four Oaks, North Carolina has signed a contract to utilize FIMAC’s groundbreaking Deposit Analytics solution for deposit price optimization and management.
Four Oaks becomes the first bank in North Carolina to adopt price optimization from FIMAC.
Greg Doner, CEO of FIMAC Solutions said “We are thrilled to have a progressive and well managed bank such as Four Oaks join us to begin proper deposit pricing. We know that correct deposit pricing and balance projections can add many basis points to their profitability”.

Introducing Commercial Real Estate Stress Testing
We are set to introduce our new CRE Stress Analytics model at our Annual Meeting this May 14-16.  This industry leading model will be the Best Practice standard for all commercial real estate lending in community banks.  For more information contact Randall Corwin at 877-789-5905, Ext. 739 or rcorwin@fimacsolu

Deposit Analytics
From Greg Doner
CEO of FIMAC Solutions LLC
We are proud to introduce to the marketplace our new Deposit Analytics™ – A Predictive Solution.  Deposit Analytics combines the power of the most advanced price optimization statistical and algorithmic model available in the world today with our expert Counseling Team. We do the heavy lifting, you implement.  It’s that easy.
Deposit Analytics, a financial analytics platform, provides an institution with predictive behavior patterns of their depositors and those in the area.  We utilize that information to predict behavior patterns under our recommended “Golden Key” rates. Then we provide an analysis of profitability of each deposit account and backtest everything for accuracy.
This is truly a solution that has never been available anywhere until today.  It is truly hard for us to believe that we are the firm that is fortunate enough to actually be the first in the market with this technology.  No more guessing at rates and balances, Deposit Analytics provides all the information and guidance needed.  Deposit Analytics is the new standard for Best Practices in deposit management.