Remove 2020 Remove Credit and Collections Remove Credit Risk
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How Are Your Customers Doing?

Your Virtual Credit Manager

We often talk about the importance of having an efficient and effective collection process and how, from a process improvement perspective, collections automation provides substantial benefits. We don’t, however, want to minimize the importance of the credit side of the equation. Do you need help improving cash flow?

Bad Debt 130
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Independent Loan Review & Credit Risk Review System Objectives

Abrigo

Independent Loan Review Systems in Banking Banking regulators have outlined expectations for effective, independent loan review and credit risk review. . Takeaway 1 A system for ongoing, independent credit risk review will not look the same from institution to institution. 2020 Interagency Guidance.

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Trends in commercial real estate (CRE) lending and risk

Abrigo

As a result, financial institutions with CRE concentrations find it increasingly important to strategically manage the competitive pressures and risks related to origination, refinancing, and loan performance. It also helps banks and credit unions evaluate their potential impact on earnings and capital ratios.

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Breaking down SBA lending: What is E-Tran?

Abrigo

Understanding the role of E-Tran in SBA lending is the first step for banks and credit unions to ensure smooth loan processing. Credit unions only make 2.4%. But both banks and credit unions have substantially increased their lending activity through 7(a) since 2020. SBA-backed loans What is E-Tran?

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Turning Pressure Into Performance

Your Virtual Credit Manager

Credit and collections management too often involves simultaneously handling multiple urgent tasks that demand immediate attention. During a May 28, 2020 podcast on Garmin.com entitled “The Shark on the Green”, Norman shared insights into how he maintained focus and clarity during high-stakes golf tournaments.

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Red Flags that Demand Your Attention

Your Virtual Credit Manager

Open Credit Terms dominate the Business-to-Business (B2B) marketplace. Photo by Jamie Street on Unsplash There are two types of credit risk that arise from selling on open credit terms: Customers paying beyond terms (past due) reduce your cash flow. These bad debt losses can put your own business at risk of failure.

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What Does 2023 Have in Store for U.S. Credit Risk and FICO Score Trends?

FICO Blog

Credit Risk and FICO Score Trends? credit risk and FICO® Score trends. At the same time, increasing adoption of recent innovations in credit scoring solutions should benefit consumers, leading to greater consumer empowerment opportunities and credit access. has remained steady at 716.