Blog Careers Client Login

Collateral Monitoring for Lenders and Borrowers

One reading of the credit agreement, two doors: the lender monitors the facility, the borrower builds and signs the certificate. Both on CORA.

Banks & ABL Lenders › Private Credit › Specialty Finance › Borrowers ›

Two Doors on One Reading

CORA reads the credit agreement once. The lender's door monitors the facility from it; the borrower's door builds the certificate from it. The same terms, the same tests, the same calendar, on both sides.

CORA for Lenders

For banks, private credit and specialty finance teams monitoring a portfolio.

Every certificate re-performed from its support, every covenant and concentration tested as the agreement writes them, every ruling on the record, across the whole book.

  • Declared beside recomputed, every break named and sized
  • Every defined term of the agreement, with its citation
  • Portfolio risk, covenants, the dataroom and field exams in one system of record

CORA for Borrowers

For the CFO, the controller and the accounting team who prepare the certificate.

Hours of borrowing base prep, reduced to a few steps. Set up your facility once from your agreement and package. Each reporting period, upload your latest files, review the certificate CORA prepares, and sign it on CORA.

  • The calculations done and checked against your workbook before you sign
  • Reporting deadlines mapped from the agreement
  • Signed on CORA, downloaded as a package, recorded as sent

The CORA Platform

One platform for the whole facility: the executed agreement, every borrower submission, and every ruling your team makes, compiled into a continuously verified system of record.

The Facility Record
  • Executed credit agreement
  • BBCs & supporting schedules
  • AR, inventory & appraisal files
  • Any format borrowers send
  • Every upload fingerprinted
The agreement is the source of truth
→
The CORA Engine
  • Reads every defined term
  • Re-performs every certificate
  • Tests eligibility & concentrations
  • Drafts questions with options
  • Compiles rules your team confirms
The model drafts, a human signs, code executes
→
Lender Intelligence
  • Declared beside recomputed
  • Every break named & sized
  • Live availability waterfall
  • Covenant & concentration results
  • A complete audit trail
Verified every BBC cycle, to the penny

How We Help

We understand the checks that lending teams never have time to run. CORA runs all of them, every cycle.

Declared beside recomputed on every line, with every difference a named break: rate disagreements, double deductions, unapplied caps, hardcoded values. Nothing is sampled; everything is checked.

→ Learn More

CORA extracts every defined term from the executed credit agreement, each with its quote and citation, then drafts the document request list from the agreement itself. Nothing gets keyed by hand, and nothing gets skipped.

→ Learn More

Concentration limits, cross-age, dilution, contra, and ineligibles evaluated exactly as the agreement writes them, on every submission instead of once a year.

→ Learn More

Stop staffing analyst teams to clean borrower files. The ingestion engine handles the raw files, so your team spends its time on judgment instead of non-value-added work.

→ Learn More

Dual portals joined by a secure dataroom and a shared calendar. Request files, exchange documents, and schedule events seamlessly, with a full audit trail on both sides of the relationship.

→ Learn More

Anything the model cannot know becomes a question with drafted options and their effects on availability. Your rulings are durable, attributed, and re-applied automatically: decide once, and the program carries it forward.

→ Learn More

CORA for Borrowers is the company's own door: the certificate prepared from its files under the same reading of the agreement, the differences flagged and resolved before signature, signed on CORA and sent to you. What arrives already ties, and the questions were answered before it left.

→ See CORA for Borrowers
200
Pages of Credit Agreement
1,330
Defined Terms Extracted
58
Covenant Calculations
Borrowing Base Certificate: Excess Availability
Declared by borrower$4,305,607.63
Recomputed by CORA$4,354,476.20
Break−$48,868.58
Double-counted ineligibles caught
Hardcoded values & calculation errors flagged
Unapplied caps & missed concentration limits found

What Does the Agreement Actually Require?

Most platforms encode a fraction of the credit agreement and leave the rest to spreadsheets and memory. CORA reads all of it, then holds every certificate to it: declared beside recomputed, every difference a named break, resolved before you advance.

Schedule a Demo
Borrowing Base Certificate
Period Ended June 30, 2026
Three of the lines CORA checked
Related party, declared($2,407.00)
Related party, recomputed$0.00
Capped eligible raw materials, declared$1,671,050.19
Capped eligible raw materials, recomputed$1,792,205.65
Excess availability, declared$4,305,607.63
Excess availability, recomputed$4,354,476.20
Difference: $48,868.58Named, sized and explained before the advance

Why CORA

The Model Drafts, You Decide

AI that shows its work

A frontier model reads every term, re-performs every line, and drafts every question with options. Approvals and rulings stay with named humans, and confirmed rules execute in an exact-decimal engine. No black boxes, no floating point.

Learn More

Purpose-Built for ABL

Not a generic monitoring tool

Built from the ground up around ABL workflows: the data structures, eligibility rules, advance rates, concentration limits, and reporting your team uses every day. Raised on revolvers, and built to generalize across asset-based finance.

Learn More

Fixed Annual Cost Per Borrower

The price is the price

One fixed annual cost per borrower covers valuations, monitoring, and borrowing base verification. No quotes to chase, no per-appraisal invoices, no surprises when volume changes.

Talk to Us

Featured Blogs

The CORA commercial: an analyst and a managing director over one laptop in the boardroom
Company News · October 8, 2026

I'm Not. CORA Is.

The morning meeting where every question has an answer: Harbor's funding, Sable's covenant, Kessler's concentration, Marlowe's deliverables. How is he doing all this? He is not. CORA is.

Watch the Commercial
Meet CORA: Alex Christie, Co-Founder and CEO, introduces CORA on camera
Company News · October 12, 2026

Meet CORA

An AI-native system of action built to transform how financial institutions operate: underwriting, collateral analysis, portfolio monitoring, reporting and execution in one intelligent platform. Watch the launch film.

Watch the Video
Alex Parisi, Co-Founder and COO of CORA, on camera for Monitor. Analyze. Act.
Company News · October 14, 2026

Monitor. Analyze. Act.

Alex Parisi, Co-Founder and COO, explains how CORA brings embedded and prompt-based AI together in one platform. Monitor. Analyze. Act. Watch the video.

Watch the Video

See CORA Re-Perform One of Your Certificates

A working session, not a slide deck: bring one executed agreement and one BBC, and leave with the breaks.