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Audit & exam advice: Know your CECL model, stress tests

Abrigo

Other audit or exam considerations When facing an audit or exam, panel members suggested that financial institutions prepare for questions like: Ongoing monitoring: Do you compare actual losses and prepayments against prior forecasts to see whether adjustments are necessary? Our experts are here to help.

CECL 78
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CECL Q&A - Segmentation

Abrigo

To help institutions prepare, Sageworks has launched a CECL webinar series covering data, segmentation, methodology and forecasting requirements broken down by loan pool type. Figure 1: Improper segmentation can shift overall loss rates and would not be truly representative of actual losses under proper segmentation.

CECL 60
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Ag Lenders: Cultivate Growth with Effective Pricing, Structure

Abrigo

You might also like this webinar watch. 10 webinar to provide insight on producers’ business roadmaps that could influence financial institutions' lending risk tolerance. Learn about producers' 2021 business roadmaps during this webinar. . “[A]g The USDA is scheduled to update its 2020 forecast Dec. 3 and Sept. 3 and Sept.

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6 Common CECL backtesting mistakes & how to avoid them

Abrigo

Frequent reviews help spot early warning signs and ensure that assumptions stay aligned with actual performance. A backtest might look off, but when you dig in, the issue is simply that the model and the actual loss comparison used different data sources or definitions. Using inconsistent data sets This one comes up often.

CECL 78