The contracted platform shall provide real-time tracking by utilizing technology and automated compliance examination with the ability to monitor the entire lifecycle of transactions which is an essential requirement to meet the contractual obligations in enrolling eligible loans in CalCAP’s credit enhancement programs. The platform shall allow CalCAP loans to be submitted, enrolled, and maintained electronically, as well as allow for real-time ad-hoc reporting, compliance, funds reconciliation, and claims processing based on the program requirements and guidance. The technology shall ingest and process applications submitted to CPCFA, to provide portfolio mix recommendations, and/or to ensure compliance with US Department of the Treasury rules. The platform shall use Application Programming Interfaces (API) to connect with other CPCFA systems and external platforms supporting small businesses and CPCFA departmental users. The technology must meet the requirements of the ADA.
