CovenantIQ is an AI agent that monitors your entire commercial credit portfolio around the clock — catching LTV drift, covenant breaches, and payment anomalies before they become defaults. No dashboards to check. No spreadsheets to reconcile. Just alerts when something needs your attention.
Most credit software gives you a place to look. CovenantIQ gives you someone watching — continuously, autonomously, precisely.
API integrations with loan origination systems, borrower accounting platforms, and credit databases. No manual uploads. No re-keying.
Parses credit agreements to extract LTV thresholds, DSCR minimums, interest coverage ratios, and any bespoke covenant definition. One-time setup. Always current.
Every threshold is checked on every loan, every day — not just on reporting dates. Changes in borrower financials trigger instant recalculation.
Email, Slack, or SMS the moment a covenant breaches, headroom erodes, or risk score changes. Analyst decides what to do — CovenantIQ makes sure they never miss it.
Collateral values updated against market signals. Appraisals flagged as stale. Loan-to-value ratio recalculated in real time.
Debt service coverage ratio tested against every new financial filing. Headroom tracked from close, not just reporting dates.
Payment lag patterns, wire failures, and covenant certificate delays detected before they cascade into defaults.
Every financial covenant tested continuously — not just quarterly. Breach timeline tracked from first trigger to resolution.
Sector exposure limits monitored across the portfolio. Overconcentration triggers alert before single-sector downturn hits multiple credits.
Borrower financial trends compared to peers and sector benchmarks. Early-warning signals from EBITDA, leverage, and liquidity trends.
Collateral appraisals past their effective date automatically flagged. Market condition adjustments estimated from macro signals.
Borrower reporting deadlines tracked across every credit. Auto-escalation triggered when submissions are late — no analyst chasing.
If your team is running covenant monitoring in spreadsheets, you have a coverage problem — not a headcount problem.
Monitoring 20–200+ active credits without missing a single threshold test.
Running quarterly covenant reviews manually and want to spend time on analysis, not data gathering.
Under pressure to monitor more loans with the same team — without adding spreadsheet risk.
Scaling a portfolio without scaling the back office. Monitoring loans the way the best banks do.
"We were doing covenant reviews quarterly and missing everything in between. CovenantIQ watches continuously — and it surfaces issues weeks before our old process would have caught them."
Between quarterly reviews, your portfolio goes dark. Borrower financials change. Markets shift. Covenants get breached — and no one tells you until the annual report lands. By then, the waiver deadline has passed, the amendment fee is due, and the conversation you should have had in February is happening in October.
CovenantIQ was built on a single principle: credit risk doesn't wait for reporting dates. An autonomous agent that monitors every threshold, every day, and alerts your team when something needs attention — that's not a feature. It's the baseline you should have already had.