Corvic AICorvic AI

Commercial lending and credit administration

Spread and cite every number before your next exam

Corvic reads borrower statements, tax returns and loan agreements. It spreads the figures and tests each covenant with the agreement's own definitions. Your analyst reviews the draft and signs. Every number links to the page and line it came from.

Accounts are free. No credit card needed.

Or test a covenant package
Built forChief Credit OfficerCredit administrationCredit analystsLoan reviewPortfolio managers

The problem

Credit teams key numbers instead of judging credit

A C&I borrower with three years of returns, interim statements and a guarantor PFS still means hours of copying from PDFs. Covenant tests wait for the annual review. Loan review writes up the gap.

01

Spreads take the analyst's week

Forms 1120-S and 1065, K-1s, CPA statements and PFSs arrive as PDFs and scans. An analyst types each line into the spreading system or Excel. A senior analyst checks it again.

02

Covenants get tested months late

Most community banks test performance covenants at the annual review, long after year-end statements arrive. Some outside loan reviewers expect a documented test within 30 days of receipt. Anything later is an exception.

03

One missing return, two exceptions

A guarantor return that never arrives also blocks the global cash flow test. That is two exceptions. The tickler sits in the core, a shared drive and a lender's inbox, and examiners want the list current.

What Corvic does

Six credit administration jobs run the same way every time

Each job runs as a playbook over your own files, on your schedule. Analysts review the output before anything goes in the credit file.

Abstract loan agreements

Pulls financial covenants, defined terms, reporting deadlines and cure periods from agreements and every amendment. Flags when an amendment changes a definition.

OutputCovenant schedule per loan, with the section number behind every term

Spread statements and tax returns

Reads Forms 1120, 1120-S and 1065, K-1s, Schedule E, CPA-prepared statements, rent rolls and PFSs. Maps each line to your spread template across years and entities.

OutputSpread with DSCR, debt to EBITDA and global cash flow, each cell cited to page and line

Test covenants when statements land

Runs each test with that agreement's definition of EBITDA, debt service or tangible net worth. Compares the result with the borrower's compliance certificate.

OutputDated test memo marked pass, watch or breach, ready for analyst sign-off

Run ticklers and the exception list

Checks what is in the file against what each agreement requires and when. Logs credit data and documentation exceptions, including untested covenants, and clears them when the document arrives.

OutputPast-due and exception report by officer and age, refreshed every morning

Draft annual reviews

Assembles the spread, covenant history, rating factors and last year's memo into your annual review format. The analyst edits the judgment and skips the arithmetic.

OutputFirst draft of the review, with every figure linked to its source

Prepare for loan review and exams

Pulls each file on the sample list with its spreads, tests, exceptions and memos. Answers follow-up questions with the page cited.

OutputIndexed binder per loan, matched to the request list

Try it

Pick a loan file and test its covenants

Three sample borrowers with fictional data. Corvic reads the agreement and the statements, runs each test with the agreement's definitions and shows the source behind every figure.

In the file

  • Loan agreement and first amendment46 pp.
  • FY2025 reviewed financial statements14 pp.
  • Borrower compliance certificate2 pp.

Covenant tests

Received 03/28/2026 · tested 03/30/2026

Source · Loan agreement §6.12(b)

Watch
Borrower shall not permit the ratio of Funded Debt to EBITDA to exceed 3.00 to 1.00. EBITDA has the meaning in Section 1.1 and excludes add-backs not approved in writing by Lender.

Figures used

  • Total long-term debt6,680Balance sheet, p.3, line 22
  • EBITDA per §1.12,296Statement of income, p.4, lines 7 and 9
  • EBITDA on borrower certificate2,466Compliance certificate, p.1, line 4

Calculation

6,680 ÷ 2,296 = 2.91x. The certificate shows 6,680 ÷ 2,466 = 2.71x.

3% headroom. The certificate adds back $170K of relocation costs that §1.1 does not allow.

3Pass1Watch

3 pass, 1 on watch. The borrower's certificate overstates EBITDA.

Getting started

From your loan files to a first answer in 24 hours

Start with one segment, such as C&I loans with annual covenants. We onboard you with your own data.

  1. 1

    Point Corvic at the files

    Connect the SharePoint library, imaging export or storage bucket where statements and agreements already land. There is no migration.

  2. 2

    Load your template and policy

    Add your spread template, covenant definitions and exception codes. Playbooks follow your loan policy and your naming.

  3. 3

    Check, sign off and schedule

    Analysts compare the first results with files they already reviewed. Then the playbooks run monthly, quarterly or as statements arrive.

Connects toMicrosoft 365Microsoft 365SalesforceSalesforceSnowflakeSnowflakeAzure Blob StorageAzure Blob StorageAWS S3AWS S3Google DriveGoogle Drive

Proof

Results on regulated document work

We have not published a lending case study yet. The closest match is a top 10 global pharmaceutical company that runs its CMC regulatory dossiers through Corvic.

80%

Time saved on CMC regulatory dossiers

5x

Dossier throughput

100%

Compliance rate on CMC dossiers

24 hrs

From onboarding to a first answer on your own data

80%, 5x and 100%: top 10 global pharmaceutical company, CMC regulatory dossiers. 24 hours: Corvic onboarding. Read the case study

Credit Compliance Guardian

A ready agent that reviews credit applications against your lending policy and keeps a decision log for examiners.

Company Financial Analysis template

A playbook template for balance sheet, cash flow and bank reconciliation work. A quick start for spreads.

AI for credit unions

Where credit unions can put generative AI to work first, from member service to lending.

Security and governance

Ready for your vendor and model risk review

Your third-party risk team will review Corvic under the 2023 interagency guidance. These are the answers they ask for first.

SOC 2 Type II

The report is available for your vendor due diligence file. Data is encrypted with AES-256 at rest and TLS 1.2+ in transit.

Private VPC deployment

Deploy in a private VPC with tenant isolation and encryption keys dedicated to your institution.

Permissions follow your people

Access is scoped per person and per source, so analysts see the relationships they can already see. SSO is included.

Every figure traces to a page

Each spread cell, covenant result and memo line links to the document, page and line it came from.

You choose the model

Use OpenAI, Anthropic, Google, open source or your own endpoint. Swap models in config and compare quality, latency and cost on the same task.

Your data on your terms

Zero-data-retention model options where the provider supports them. GDPR and CCPA compliant. We remove your data on request.

Common concerns

What credit and risk teams raise first

Every figure in a spread or covenant test links to the page and line it came from, so a reviewer can check it in one click. Your analyst reviews the draft and signs before it goes in the file. The credit decision stays with your people.

Most banks will review Corvic as a third-party relationship. SR 26-2, which replaced SR 11-7 in April 2026, leaves generative AI out of its scope. You get cited outputs, playbooks that run the same steps every time and a model choice set in config, which gives reviewers something concrete to test.

Corvic does not replace either one. It reads the documents and exports you already have, in SharePoint, an imaging export, a storage bucket or a warehouse. Your systems of record stay as they are.

That is why Corvic abstracts each agreement first. It tests each covenant with the definition in that loan's agreement and amendments, add-backs included, and cites the section. When a borrower's compliance certificate uses a different number, the test shows the gap.

Deploy Corvic in a private VPC with tenant isolation and keys dedicated to your institution. Zero-data-retention model options are available where the provider supports them. Tell us your requirements and we will map them to your vendor review.

We onboard you with your own data, and your first answer is 24 hours away. A good pilot covers one segment and compares Corvic's spreads and tests with work your analysts already finished.

Pricing depends on volume and deployment. Start with a scoped pilot on one segment so you can count analyst hours saved before you commit. See the pricing page or ask us for a quote.

See your own loan files spread and tested

Bring a few borrowers your team already reviewed. We will run them through Corvic, and you can check every figure against your own spreads.

Accounts are free. No credit card needed.

Test a covenant package