With Akouba's new counteroffer feature, your compliance team will rejoice and stress less about Reg. B!You already know that compliance, privacy and security are critical components of the Akouba solution and now, Akouba's platform automatically recognizes when your institution is offering a loan amount that is lower than the request amount. Akouba's platform will prompt an upload for counteroffer notice.
The counteroffer is then easily communicated to the borrower on their terms page, as you can see below, and the counter offer notice is available for easy download.
It's that easy. This process is simple for the lender, the borrower, and your compliance team. As always, Akouba is working to ensure that everyone who uses our platform is given the best end-to-end experience, starting with the digital application for the borrower ranging to the seamless export of information to other systems like LaserPro.
We love solving inefficiencies with technology and if your institution has a challenge making small business loans profitable, let us know and we would be happy to show you how the Akouba platform would work for your team.