Prescio Loan Quality Forecast System (PLQFS)
- Software Development
- Risk Management
The Prescio Loan Quality Forecast System (PLQFS) is a 3-tier application which is primarily used by the Credit Management and Portfolio Risk Management Groups. This WAN based system allows for multiple users and a flexible operating schedule. The application facilitates an organized and efficient credit review process.
The Prescio Loan Quality Forecast System (PLQFS) replaced a previously existing LAN based system which was used in tracking and forecasting the migration of commercial and real estate loans between grades/ratings, and which was used in forecasting the loan loss reserve allowance.
The PLQFS application calculates the expected changes in credit quality based upon:
- Known or expected changes in credit risk grades/ratings;
- Expected changes in loan volumes;
- Expected loss factors.