This is our most popular delivery platform for the BRS Partnership utilizing a similar methodology to an outsourced underwriter/servicer for mortgage loans. The tenants of this private label outsourcing model are:

• Your Bank originates the transaction and owns the customer for the life of that client relationship.
• The credit decision is completely within your Bank’s control. The BRS Servicing partner conducts the due diligence using strict underwriting guidelines, as set by the industry, and makes a recommendation to the Bank. Your Bank then makes the decision whether it wants to fund the transaction.
• Your Bank owns the paper and is the owner of the lien on the UCC filings.
• Your Bank has dominion of funds.
• The Customer Relationship is serviced in your Banks name by the best back-room operations servicers in the Accounts Receivable Industry in North America.
• Your Bank funds 50% of the transaction and the BRS servicer funds the other 50%, hence the servicer is also a participant with the bank. This is a true participation relationship where the risk and reward is shared 50% by your Bank and 50% by the BRS servicer.

BRS will provide your Bank with:

• Bank compliant software to manage the relationship in real time with the BRS servicer.
• A formal credit policy with your bank’s credit appetite which will meet the regulatory guidelines.
• An Operations/Policy & Procedures Manual for the lock box and funding.
• A customized marketing program for the target market of the bank.
• Training for your existing loan officers in the BRS program.
• Recruitment services available for a product specialist within your bank.

BRS will build a complete in-house Working Capital Platform to provide the sales and operations center for your Bank:

• Customize a budget and build-out plan for the Operations Center.
• Assist with the design of the formal credit policies.
• Provide the operations manual and the policies and procedures to manage the department.
• As needed, train the existing staff in product knowledge.
• Through Commercial Finance Consultants (our strategic alliance partner), recruit the top industry talent available in credit, operations and sales.
• Develop a customized marketing program.
• Conduct period audits to ensure compliance with the policies and credit criteria of your Bank.