Abrigo

JUNE 4, 2019

The Financial Accounting Standards Board’s new current expected credit loss (CECL) standard, known as one of the biggest changes to bank accounting. Because of the complexities and changes that CECL brings, there are many questions surrounding implementation, potential effects, and more. When does the CECL standard take place?

CECL 74

CECL Credit and Collections Credit Unions Default 74

Abrigo

APRIL 1, 2022

Preparing for 2023 Credit unions have a 2023 deadline for CECL implementation, leaving limited time to refine their processes. Get CECL compliant. Learn how with the CECL Streamlined webinar series. Takeaway 1 "Analysis paralysis" and the pandemic put CECL implementation on the backburner for many credit unions.

Credit Unions 78

Credit Unions CECL Default 78

FICO Blog

DECEMBER 8, 2022

Addressing Portfolio Risk in Economic Uncertainty: Part 1 (2022). Thu, 12/08/2022 - 16:00. More stable portfolio credit loss allowance estimates, especially under Current Expected Credit Loss (CECL) modeling requirements that require a forward-looking view of lifetime expected credit portfolio risk losses. FICO Admin.

CECL 52

CECL Credit and Collections Credit Risk Default 52

Abrigo

DECEMBER 22, 2023

The most-read lending & credit blogs in 2023 Probability of default, CECL model validation, and stress testing were among Abrigo's top blogs on ALM, CECL, and portfolio risk this year. You might also like this resource, Abrigo's "2022 Loan Review Benchmark Survey Results."

Credit Risk 88

Credit Risk Credit Unions Dashboards CECL 88

FICO Blog

DECEMBER 8, 2022

Addressing Portfolio Risk in Economic Uncertainty: Part 2 (2022). Thu, 12/08/2022 - 16:00. Assume an auto finance portfolio’s current underwriting risk management strategy requires applicants to have an expected 24-month default rate less than 3%. Cells are highlighted where the expected default rate is below 3%.

Default 52

Default CECL Credit Risk 52

Abrigo

APRIL 25, 2024

The data showcases a downward trend in SMB loan origination, and while the 90+ DPD rates for SMB loans originated in 2021 and early 2022 remain considerably below the standard run rate, there's a noticeable, albeit gradual, upward movement among more recent originations. 1 appeared first on Abrigo.

Small Businesses 88

Small Businesses Credit Unions Credit Risk CECL 88

Abrigo

FEBRUARY 23, 2022

A recent survey conducted by Abrigo indicated that 89% of institutions planned to increase small business lending efforts in 2022. It may also use predictive scoring – similar to a probability of default model – to quantify a forward-looking assessment of credit risk objectively. Portfolio Risk & CECL. keep me informed.

Small Businesses 78

Small Businesses Credit Unions Credit Risk CECL 78