Asset-Based Finance Software for Private Credit Investors

Screen collateral before you fund, enforce eligibility at the loan level, and see exactly what moves your borrowing base. vLoans gives private credit funds, asset managers, insurers, and specialty finance investors one loan-level view of every facility, from collateral tape to investor report.

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vLoans | Asset-Based Finance

From Collateral Tape to Confident Capital Deployment

ABF facilities depend on collateral data, yet many teams still screen tapes, test eligibility, and build borrowing base certificates in spreadsheets. vLoans links every loan to its facility, borrower, deal, and fund, so investment, credit, and operations teams work from the same validated numbers from pre-funding review through the life of the facility.

Onboard

Ingest and normalize proposed collateral pools from borrowers, sellers, and originators, whatever the format.

Qualify

Apply facility eligibility criteria and concentration limits at the loan level before assets enter the facility.

Fund

Calculate the borrowing base with facility-specific advance rates, haircuts, and reserves, and generate certificates automatically.

Surveil

Track eligibility drift, covenant compliance, and collateral performance long after funding.

Report

Deliver governance-ready reporting for investment committees, LPs, and lenders, with drill- through to the loan.

Manage ABF Facilities Faster Without Losing Loan-Level Control

Built for investors deploying capital into asset-backed facilities, vLoans adds ABF workflows for eligibility, advance rates, borrowing base, covenants, and exposure on top of the same loan-level analytics engine used by whole loan investors.

Know What You’re Funding Before Capital Moves

Run strats, data QC, and eligibility checks on proposed pools, so only qualifying collateral moves into facility workflows.

Enforce Eligibility Automatically, Not Manually

Test FICO, LTV/CLTV, lien, delinquency, product, geography, and documentation criteria loan by loan, with every pass/fail result and exception audited.

See Exactly What Moved Your Borrowing Base

Track how paydowns, delinquencies, ineligible assets, and concentration excess change availability from one period to the next.

Catch Covenant and Trigger Breaches Early

Monitor covenants, concentration limits, and structural triggers continuously, with assets trending toward ineligibility flagged before they become a margin event.

Trust the Cash Number

Reconcile principal, interest, recoveries, charge-offs, fees, and net cash activity to collateral movements, and surface servicer reporting breaks for review.

Scale Across Borrowers and Asset Types

Compare facility performance across borrowers, sellers, asset types, and structures on one data model as your ABF book grows.

Vichara is proud to be named in the Chartis RiskTech100 as solution category award winner for Pricing & Analytics – Credit for CMBS. Vichara is also in Chartis’ STORM50 report, winning the category awards for CMBS and RMBS.

Ready to Replace Borrowing Base Spreadsheets With Loan-Level Control?

See how vLoans takes a real collateral tape through eligibility, borrowing base, and facility reporting in a single workflow.

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Use AI to Accelerate RMBS Research, Modeling & Risk Review

AI can help mortgage investment teams interrogate large datasets, extract information from deal documents, identify unusual performance patterns, and accelerate model-driven analysis. Combined with vRMBS loan-level data, cashflows, scenarios, and surveillance, these capabilities can help analysts reach the questions that require human judgment faster.

Conversational analytics to explore RMBS and credit portfolio data using natural-language questions

Document intelligence to extract and normalize information from prospectuses, servicer reports, and other investment documents.

Machine-learning-based mortgage and prepayment modeling to support more responsive scenario analysis.

AI-assisted exception and pattern detection to help prioritize collateral, deals, or portfolio positions for deeper review.

vLoans ABF Capabilities

Everything You Need to Underwrite, Fund, Monitor & Report on ABF Facilities

Collateral Onboarding & Tape Normalization

Ingest proposed pools from borrowers, sellers, or originators and standardize heterogeneous tapes into the vLoans data model for pre-funding review.

Loan-Level Eligibility Testing

Apply facility criteria such as FICO, LTV/CLTV, lien, delinquency, product, geography, and documentation to every loan, with reason codes and an audit trail.

Concentration Limit Monitoring

Track state, product, credit band, vintage, seller, and servicer limits continuously, and see concentration excess before it affects availability.

Borrowing Base Calculation

Move from total collateral to ineligible and concentration excess to advance rate to borrowing base, with facility-specific haircut logic applied automatically.

Borrowing Base Certificate Automation

Generate certificates directly from validated loan-level data, with full tracking of pledges, releases, substitutions, settlements, and paydowns.

Covenant & Trigger Surveillance

Monitor covenant compliance, structural triggers, and eligibility drift across facilities, with alerts before thresholds are breached.

Exposure Management & Margin Projection

Identify triggers, track exposure by facility, borrower, originator, seller, and asset class, project issues from current trends, and run substitution and curtailment workflows.

Cashflow Forecasting & Stress Testing

Project loan and pool cashflows, stress rate, default, loss, and recovery assumptions, and measure funding and margin pressure before it hits.

Investor & Governance Reporting

Portfolio, facility, borrower, and asset-level reporting on borrowing base, eligibility, covenants, and exceptions, export-ready for internal and external stakeholders.

Built for the Teams Who Deploy and Protect ABF Capital

From first look at a new facility to monthly reporting on a mature one, vLoans gives investment, credit, and operations teams the same loan-level view.

Portfolio Managers

Compare opportunities across borrowers, sellers, asset types, and structures, and monitor risk- adjusted returns by facility.

Credit & Underwriting

Screen proposed pools, test eligibility, and size advance rates using loan-level collateral data.

Facility & Portfolio Operations

Automate borrowing base certificates, pledge and release activity, and recurring facility packages.

Insurance & Asset Owner Teams

Gain transparency into ABF exposures, with drill-through from facility summary to individual loan drivers.

Risk Managers

Monitor covenants, concentrations, and exposure trends, and get early warning on margin events.

Investor Relations & Reporting

Deliver consistent, governance-ready reporting to LPs, committees, and lenders.

Built for Every ABF Collateral Type

Consumer Receivables

Personal loans, BNPL/point-of-sale, student loans, solar, and medical finance.

Auto & Equipment

Auto loans and leases and equipment finance pools.

Credit Card & Revolving

Credit card and other revolving receivables.

Residential & Home Equity

Non-QM, second liens, HELOCs, HEI/HEA, and RPL/NPL pools.

Real Estate Investor

RTL, DSCR, fix-and-flip, bridge, and construction loans.

Bespoke & Custom Assets

A flexible schema for custom private credit collateral, on one data model across every asset class.

Connect the Data and Models Your RMBS Team Already Uses

vRMBS brings external mortgage data, deal information, market inputs, internal assumptions, and proprietary models into a consistent workflow so analysts can evaluate securities using a view that reflects their strategy.

Why ABF Investors Choose Vichara

25+ Years

Capital markets technology and structured finance experience.

Chartis RiskTech100

Category leader for pricing & analytics, credit for CMBS.

STORM50 Winner

Recognized category winner for CMBS and RMBS.

Investor-Side by Design

Built around how capital providers underwrite, fund, and monitor facilities.

Structured Finance DNA

The loan-level analytics behind our RMBS, CMBS, CLO, and whole loan platforms.

Configured to Your Agreements

Facility-specific eligibility, advance rates, and covenants, without re-platforming.

Know More About Asset-Based Finance Software

Common FAQs from ABF and Private Credit Teams

What is asset-based finance (ABF) software?
ABF software helps private credit investors and lenders manage facilities secured by pools of
financial assets such as consumer loans, mortgages, or receivables. It automates collateral
onboarding, eligibility testing, borrowing base calculation, covenant monitoring, surveillance, and
reporting that are otherwise run in spreadsheets.
What is the difference between asset-based lending and asset-based finance?
Asset-based lending (ABL) traditionally means working-capital loans to a company secured by its
own receivables, inventory, or equipment. Asset-based finance (ABF) means financing secured
by large pools of contractual financial assets, such as consumer loans, mortgages, auto loans, or
equipment leases, usually originated by specialty lenders. vLoans is built for ABF and loan-
collateral facilities, where analysis happens loan by loan.
What is vLoans for ABF?
vLoans is Vichara Technologies’ collateral intelligence platform for loan investors, ABF
managers, and warehouse lenders. Its ABF module adds collateral onboarding, loan-level
eligibility, borrowing base, certificate automation, covenant and trigger surveillance, exposure management, cash reconciliation, and investor reporting to the core vLoans loan-level data and
analytics platform.
How does vLoans calculate the borrowing base?
vLoans starts with total collateral, removes ineligible assets and concentration excess, then
applies facility-specific advance rates, haircuts, and reserves. It tracks how paydowns, delinquencies, and ineligible assets move availability, so you can see what changed and why.
Can vLoans automate borrowing base certificates?
Yes. Certificates are generated directly from validated loan-level collateral data, alongside full tracking of pledges, releases, substitutions, settlements, and paydowns, and delivered on your
reporting cycle.
How does vLoans monitor covenants and concentration limits?
vLoans monitors facility covenants, concentration limits (state, product, credit band, vintage, seller, servicer), and structural triggers continuously, and flags assets trending toward ineligibility
or margin action early.
Which ABF collateral types does vLoans support?
Consumer loans (personal, auto, student, BNPL, solar, medical), credit card and revolving receivables, equipment finance, residential and home equity loans, real estate investor loans
such as RTL and DSCR, and custom asset types on a flexible data model.
Can vLoans support pre-funding diligence on new facilities?
Yes. Proposed collateral pools are normalized into the vLoans data model and screened with stratifications, data QC, and eligibility tests before capital is deployed, and opportunities can be
compared across borrowers, sellers, asset types, and structures.
Is vLoans built for lenders or borrowers?
vLoans is built for the capital provider: private credit funds, asset managers, insurers, banks, and specialty finance investors who need independent, loan-level verification of the collateral backing
their facilities.
Who uses vLoans for ABF?
Portfolio managers, credit and underwriting teams, facility operations, risk managers, and
investor reporting teams at private credit funds, asset managers, insurers, and specialty finance
investors.

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For over 25 years, Vichara has supported global investment firms, asset managers, and financial institutions with advanced technology and analytics platforms that solve real-world capital markets problems.

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