BearingPoint Offers Risk Management Tools

BearingPoint Inc., a management and technology consulting firm based in McLean, Va., has announced tools aimed at helping lenders manage growing portfolio risks before they result in loan defaults and foreclosures.BearingPoint's Credit Navigation Tools provide capabilities to help evaluate portfolio risk and manage and improve lending processes, the company said. "The industry is demanding tighter control of their loans through improvements to what has largely been an inexact process," said Christopher Formant, executive vice president of BearingPoint's Global Financial Services. "To help manage the immediate needs of banks and lenders, we can put a set of tools in place that will help deliver cost and process improvements in the context of the current crisis." The company can be found online at http://www.bearingpoint.com.