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2023 Fraud trends: What banks and credit unions can expect

Abrigo

Takeaway 1 Many typologies exacerbated by the pandemic continue to provide criminals success, and more complex schemes are surfacing. If history is any indicator, the global economic downturn predicted for 2023 will likely bring increased fraud to businesses and consumers. DOWNLOAD . No fraud decrease likely for 2023.

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5 Benefits of expanding in-house member business lending

Abrigo

While this newly found flexibility provides opportunities for competitive growth, the NCUA states “[MBL] has unique characteristics and more complex variables than other lending and carries a number of risks.” Who is responsible for collecting key documents, and will a system be used to track tickler documents and member compliance?

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Cultivate a better ag lending process: 7 best practices

Abrigo

Takeaway 3 Better ag lending workflows streamline document collection and management and increase credit analysis accuracy. . Ag industry experts expect global trends, including rising interest rates, geopolitical turmoil, and supply chain disruptions, could reduce net farm income or increase banks’ ability to reprice loans.

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What is a Loan Origination System (LOS)?

Abrigo

What an LOS Is, and How It Benefits CFIs A loan origination system automates and manages the lending process to address common challenges. You might also like this report on commercial loan automation systems DOWNLOAD. Takeaway 1 The lending landscape is increasingly competitive and the process is frustrating. Definition of LOS.

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How Business Brokers Can Add Value and Create Growth Opportunities for Clients

Abrigo

Buyers and sellers often can't agree, in part due to willingness to pay, financial expectations or other emotional factors, and in part because business valuation is complex, requires "evidence" and is often filled with opinion. Remember the days of yellow mustard, when there was only plain, yellow mustard?