Abrigo

JUNE 9, 2020

Financial institutions are looking for a solution to increase efficiency, decrease risk, and provide complete, defensible documentation for loan types. Document preparation solutions, like Fusion LaserPro, help financial institutions to automate data entry, save time, and reduce errors. Learn more.

Credit Unions 78

Credit Unions Credit Risk 78

Abrigo

MARCH 13, 2024

Takeaway 2 Address early warning signs immediately so you don't risk liability that could lead to the financial institution losing the CRE loan's collateral. Takeaway 3 To triage a CRE loan in workout, first re-engage the deal team and conduct a comprehensive review of the loan documents.

Credit Unions 88

Credit Unions CECL Default Credit Risk 88

Your Virtual Credit Manager

FEBRUARY 27, 2024

Compliance Risks : For example, if credit practices are not compliant with fair lending laws or data privacy regulations, it can result in legal penalties and reputational damage. Alignment is more likely to be achieved when all parties understand the impact of credit risks and systemic failures in the O2C process.

Accounts Receivable (AR) 130

Accounts Receivable (AR) Bad Debt Days Sales Outstanding Credit and Collections 130

Abrigo

FEBRUARY 9, 2015

One of the most popular tools to monitor credit risk is a standardized risk rating system. A credit risk rating system provides banks and credit unions the opportunity to grade transactions in their commercial loan portfolio by level of risk. All credit exposures should be rated.

Credit Risk 60

Credit Risk Credit Unions Transactions 60

Abrigo

MAY 2, 2024

Overall, the bank's loan policy serves as a foundational document that guides the entire small business lending process and ensures that the institution's lending efforts are aligned with its strategic objectives. This includes defining the threshold for material loans or transactions and structuring the lending process accordingly.

Small Businesses 88

Small Businesses Credit Risk Credit Unions CECL 88

Abrigo

NOVEMBER 13, 2023

Takeaway 3 Utilize guidance lines to streamline the approval process for customers with fluctuating credit needs Fine-tune annual review Keeping annual review simple Annual loan reviews are a critical component in monitoring the health of a credit after it is initiated. How Review of outstanding documentation exceptions.

CECL 78

CECL Credit Risk Transactions 78

Your Virtual Credit Manager

NOVEMBER 14, 2023

Selling only to financially strong customers reduces the risk of bad debt loss, (and the cost of Credit and Collections activity required). Most companies, however, need incremental sales volume from higher-credit-risk customers to break even and achieve profitability. it just might help them pay you sooner!

Credit Sales 130

Credit Sales Bad Debt Credit and Collections Credit Risk 130

Abrigo

OCTOBER 10, 2023

How industry analysis can improve your credit risk management Understanding your customers' businesses leads to better loan pricing, structure, and risk management. You might also like this webinar series, "Tackling common credit risk questions during challenging times."

CECL 78

CECL Credit Risk Credit Unions Small Businesses 78

Pactola

DECEMBER 7, 2020

For over 30 years, the regulators have advocated, or required, an independent validation of credit risk. This leads to a rush through files and, sometimes, failure to even discuss the credits with loan officers to assure a sound evaluation of the borrower. There is a good business reason for this function if managed well.

Credit Risk 40

Credit Risk Transactions 40

Abrigo

DECEMBER 18, 2023

Recent headlines may lead bankers to believe that shunning commercial real estate lending is the safest path to limit or avoid credit risk, given stresses on CRE and regulatory concerns. CRE loan management tips Recent guidance on CRE loan modifications and workouts is evidence that regulators are concerned about managing CRE risk.

Credit Unions 88

Credit Unions Credit Risk Insurance Companies Small Businesses 88

Abrigo

SEPTEMBER 5, 2023

When and how to cite credit exceptions A policy on credit exceptions can address many factors that can lead financial institutions to diverge from loan policy and miss signs of potential trouble. You might also like these on-demand webinars on tackling common credit risk questions. and property tax payments.

Credit Risk 78

Credit Risk CECL Credit Unions Transactions 78

Abrigo

OCTOBER 18, 2022

Construction loans are a major source of income for many financial institutions, but the complexity of these long-term projects requires many stakeholders, documents, signatures, and approvals. The software allows builders to upload documents and photos from the field, manage their finances, and track project progress all in one place.

Credit Risk 78

Credit Risk Credit Unions 78

Abrigo

SEPTEMBER 28, 2022

They are usually long-term and require a lot of documentation to be submitted to the lender by stakeholders. For example, inspectors can submit documentation on their phones or tablets from the construction site instead of returning to the office to submit it. Stay up to date on credit risk. Lending & Credit Risk.

Credit Risk 78

Credit Risk Dashboards Transactions 78

Abrigo

SEPTEMBER 29, 2022

They are usually long-term and require a lot of documentation to be submitted to the lender by stakeholders. For example, inspectors can submit documentation on their phones or tablets from the construction site instead of returning to the office to submit it. Stay up to date on credit risk. Lending & Credit Risk.

Credit Risk 78

Credit Risk Credit Unions Dashboards Transactions 78

Abrigo

OCTOBER 18, 2022

The basic functionality of construction loan management software For most financial institutions, a construction draw request consists of several sets of documents including budgets, receipts, and lien releases submitted by the contractor or developer to the lending institution. Stay up to date on credit risk. keep me informed.

Credit Risk 78

Credit Risk 78

Abrigo

JANUARY 17, 2023

A lot of us used a customer portal for PPP Lending due to the mere volumes of customer loan requests and documents flowing to/from the bank and the customer. Second, as documents arrive from the customer, the system has the capability to file these documents within the system in the proper place, automatically. Whitepaper.

Credit Risk 78

Credit Risk Small Businesses 78

Abrigo

AUGUST 29, 2022

Takeaway 3 Minimize institutional risk by digitally tracking and safeguarding critical loan documentation, giving customers peace of mind. A major factor expected to drive that growth is the increased investment in electronic documents by governments and financial institutions. Any typos or other issues within the document?

Credit Unions 78

Credit Unions Credit Risk Credit and Collections 78

Abrigo

MAY 19, 2023

You might also like this webinar, "Return to basics: Asking the right credit risk questions." Introduction A few good men and women In previous articles, we have explored the objectives of a loan review and credit risk review system in general.

Credit Risk 78

Credit Risk Credit Unions Revenue Recognition Default 78

Abrigo

APRIL 12, 2023

Building a strong credit review process A critical element of monitoring is an organization’s credit risk rating system. This blog will examine credit review in more detail. DOWNLOAD Takeaway 1 Loan review, or credit review, must be timely, thorough, and accurate to meet regulatory requirements.

Credit Risk 78

Credit Risk Credit and Collections CECL 78

Abrigo

MAY 2, 2022

Risks are acceptable so long as they are identified, understood, measured, monitored, and controlled to the best of a bank or credit union’s ability. Loan policies make up the foundation for managing that credit risk. . Loan policies establish and prescribe credit risk parameters. Starting Points.

Credit Unions 78

Credit Unions Credit Risk Credit Scoring 78

Abrigo

MAY 18, 2023

You might also like this webinar, "Return to basics: Asking the right credit risk questions." How broad a field does loan review need to plow to unearth potential credit risks and assess overall credit quality? Scope in loan reviewing What is the scope of an adequate loan review?

Credit Risk 78

Credit Risk Credit and Collections Default Credit Scoring 78

Abrigo

OCTOBER 28, 2022

Managing loan workouts and modifications Tips for preparing your bank or credit union to handle an increased volume of problem loans while ensuring prudent credit risk management. You might also like this video, "A look at credit risk in a rising-rate environment." CRE loan accommodations.

Credit Unions 78

Credit Unions Credit Risk CECL Credit Management 78

Abrigo

NOVEMBER 9, 2020

As a result, some variations in processes and loan administration systems among credit unions and banks is expected. However, effective loan administration solutions or systems will help lenders avoid the most common documentation- and data-related deficiencies found during examinations. stay informed.

Credit Unions 78

Credit Unions Credit Risk CECL 78

Abrigo

OCTOBER 15, 2020

Streamline credit risk decisions and administration, learn more. Borrowers must submit documentation for payroll and nonpayroll expenses along with the Form 3508S – basically the same as for the Form 3508-EZ. Lending & Credit Risk. Lending & Credit Risk. Credit Risk Management.

Credit Risk 88

Credit Risk CECL Credit Unions Small Businesses 88

Abrigo

MAY 10, 2021

Thus, a critical function of a bank or credit union’s commercial loan origination solution is that it notifies individuals at key steps of the process, such as when the loan application is complete or when all documents have been submitted. The workflow is constantly interrupted, and efficiency is lost. Best-in-Class LOS Vendors.

Credit Risk 78

Credit Risk CECL Credit Scoring 78

Abrigo

AUGUST 11, 2020

It's also a good idea to review thoroughly any documentation that lenders plan to submit along with their decisions. Checking documentation for PPP forgiveness decisions. Key Takeaways The SBA's PPP Forgiveness Platform opened to lenders on Aug. The SBA PPP Forgiveness Platform opened Aug.

Credit Risk 78

Credit Risk Dashboards CECL Small Businesses 78

Your Virtual Credit Manager

DECEMBER 20, 2022

Share Controlling Credit Risk Increasing sales to high margin customers disproportionately increases total gross profit. Readers of Your Virtual Credit Manager can now access sharply discounted business credit reports from D&B, Experian, or Equifax through our partner Accredit. Here’s how?

Deductions 130

Deductions Credit and Collections Bad Debt Credit Risk 130

Abrigo

SEPTEMBER 29, 2022

Construction loan software is a type of software that banks or other financial institutions use to manage their loans and keep track of all documents and transactions. Stay up to date on credit risk. Watch the webinar, "Credit risk management: Best practices & examiner priorities in uncertain times".

Credit Unions 78

Credit Unions Credit Risk Credit and Collections Transactions 78

Abrigo

AUGUST 11, 2020

It's also a good idea to review thoroughly any documentation that lenders plan to submit along with their decisions. Checking documentation for PPP forgiveness decisions. Key Takeaways The SBA's PPP Forgiveness Platform opened to lenders on Aug. The SBA PPP Forgiveness Platform opened Aug.

Credit Risk 78

Credit Risk Dashboards CECL Small Businesses 78

Abrigo

MARCH 3, 2021

For more information on the basics of credit analysis, check out this webinar: WATCH NOW. Takeaway 1 Understanding credit risk and assigning risk to loans is the foundation of credit analysis. . Takeaway 2 To determine creditworthiness, most analysts rely on the 5 Cs of Credit. Understanding credit risk.

Credit Risk 78

Credit Risk Credit Unions Credit Scoring Default 78

Abrigo

DECEMBER 1, 2021

Regulators say the board of directors or an appropriate board committee will review and typically approve at least annually a written credit risk review policy “to demonstrate its support of, and commitment to, maintaining an effective [credit risk review] system.” Credit Risk Management. Risk Ratings.

Credit Risk 78

Credit Risk Credit Unions 78

Abrigo

OCTOBER 8, 2021

Takeaway 1 Loan review or credit risk review is a significant risk management function. . Optimize Credit Review. Loan review or credit risk review is a significant risk management function. Lending & Credit Risk. Lending & Credit Risk. Lending & Credit Risk.

Credit Unions 78

Credit Unions Credit Risk 78

Your Virtual Credit Manager

FEBRUARY 28, 2023

It will reduce your Accounts Receivable (AR) balance and the associated elevated credit risk inherent in a larger AR. Getting customers to pay now rather than later reduces the risk of a default down the road. It will contribute to you realizing accelerated cash inflows, which will be critically important during a recession.

Bad Debt 130

Bad Debt Accounts Receivable (AR) Credit Risk Bankruptcy 130

Abrigo

JANUARY 24, 2021

The updated SBA Form 3508S , intended by lawmakers to be used by most PPP borrowers of $150,000 or less for first or second draw loans, doesn’t require borrowers to show calculations or submit documentation like the other forms (SBA Form 3508EZ and SBA Form 3508, which were also updated). Credit Risk Management. CRE Lending.

Credit Risk 78

Credit Risk CECL Deductions Small Businesses 78

Abrigo

AUGUST 28, 2022

Officials with the banking regulatory agencies recently outlined best practices they encourage as they relate to evaluating an institution’s fair lending risk, and one of those best practices was to document pricing and other underwriting criteria, including exceptions. Lending & Credit Risk. Ag Lending. Learn More.

Credit Unions 78

Credit Unions Credit Risk Default 78

Your Virtual Credit Manager

JANUARY 30, 2024

(Photo by Igor Omilaev on Unsplash ) Automated collections increases productivity by providing higher visibility into all things related to a customers AR (invoices, shipping documents, previous collection efforts, and so forth), thereby saving time and driving better decisions.

Credit and Collections 130

Credit and Collections Collector Accounts Receivable (AR) Days Sales Outstanding 130

Abrigo

FEBRUARY 23, 2022

How we manage the flow of documents is a huge piece of loan ops; how we store those documents appropriately; how we’re getting them to and from our lenders or appraisers or the third-party vendors that we use—all that stuff really opens itself up to process improvement. Lending & Credit Risk. Credit Analysis Training.

Small Businesses 78

Small Businesses Credit Unions Credit Risk CECL 78