Abrigo

NOVEMBER 21, 2014

Final guidance on the Current Expected Credit Loss (CECL) model has been an anticipated event in the eyes of bankers and other financial professionals. To learn more about how banks can prepare for the CECL model, access our whitepaper, FASB’s CECL Model: How to Prepare Now. youtube:UMytSO-ksGs].

CECL 89

CECL Credit Unions Credit and Collections 89

Abrigo

DECEMBER 23, 2022

Blog posts to help your asset/liability management (ALM) staff strategize for the future These ALM posts were the most popular in 2022. Our top ten blogs were created by Abrigo's team, which includes former bankers, regulators, and industry experts. Would you like other articles like this in your inbox? For rookies and experts.

CECL 78

CECL Credit Unions Credit and Collections Credit Risk 78

Abrigo

JUNE 28, 2017

FASB's guidance for estimating expected credit losses is not prescriptive, so, examiners are not asking exactly how you plan to calculate your reserve under CECL today. Data Collection Methods Considerations for each method - Limited method: Not a viable approach for most core systems due to limited data storage.

CECL 60

CECL Credit and Collections Credit Unions 60

Abrigo

AUGUST 21, 2017

Compared to existing ALLL requirements, Accounting Standards Update 2016-13 (CECL) will require more inputs, assumptions, analysis and documentation, making the option to automate the process significantly more attractive for many institutions.

CECL 60

CECL Default Credit Unions 60

Abrigo

AUGUST 8, 2021

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. This article is substantially updated from a 2013 blog post.

Credit Risk 78

Credit Risk Credit Unions CECL Credit and Collections 78

Abrigo

SEPTEMBER 24, 2015

The Financial Accounting Standard Board’s proposed move to the current expected credit loss, or CECL, is top of mind for many of the bankers and industry experts attending the 2015 Risk Management Summit presented by Sageworks. Involving people from the financial institution’s credit department will be key, he added.

CECL 84

CECL Credit Unions Credit and Collections Credit Risk 84

FICO Blog

DECEMBER 8, 2022

This four-part series looks at embedding portfolio risk resilience into decisions across the credit lifecycle through targeted application of the FICO ® Resilience Index. Addressing Portfolio Risk in Economic Uncertainty: Part 1 (2022). FICO Admin. Tue, 02/18/2020 - 14:57. by David Binder. Senior Director, Scores. expand_less Back To Top.

CECL 52

CECL Credit and Collections Credit Risk Default 52

Abrigo

DECEMBER 14, 2023

King outlined the following best practices for developing and refreshing your strategic plan and encouraged banks and credit unions to make them an integral part of board meetings. It’s essential to involve your board and executive management in pre-planning steps to ensure everyone’s input is collected and heard.

Credit Risk 88

Credit Risk Dashboards Credit and Collections CECL 88

Abrigo

NOVEMBER 2, 2022

Sorting, collecting, and integrating that data can be tedious—especially due to errors or the need to make other changes. Lending & Credit Risk. Credit Risk Management. Credit Risk Regulation. Lending & Credit Risk. Portfolio Risk & CECL. Lending & Credit Risk. Keep me informed.

Credit Risk 78

Credit Risk CECL Credit and Collections 78

Abrigo

APRIL 19, 2022

Takeaway 2 Ensure you have collected all of the pertinent data. The most common error starts when the business borrower is given full credit for EBITDA without subtracting distributions to shareholders. It is compounded when shareholder/guarantors are given full credit for 1040 Schedule E part II “earnings” rather than distributions.

Credit Risk 78

Credit Risk CECL Credit and Collections Transactions 78

Abrigo

JULY 30, 2019

Why is writing effective credit memos so vexing? Given that a credit memorandum is one of the most critical documents in the life of the loan, it would seem like a straightforward process. However, lenders, credit analysts, and other banking staff frequently seek tips for writing better credit memos.

Credit Risk 60

Credit Risk Credit and Collections CECL Credit Unions 60

Abrigo

JANUARY 27, 2022

Takeaway 2 If the market trends downward for long, banks and credit unions could actually see another increase in deposits. The Federal Reserve’s signal this week that it will start raising interest rates in March 2022 generated a collective high-five throughout the banking industry. Lending & Credit Risk. Interest Rates.

Credit Unions 78

Credit Unions CECL Credit and Collections Credit Risk 78

Abrigo

NOVEMBER 8, 2015

Whether it’s part of a CECL preparedness conversation or part of a more proactive approach to risk management under existing regulatory expectations, the topic of “loan-level data” has repeatedly come up since the 2012 proposal from the FASB. These data silos make it all the harder for credit unions to begin data archiving.

Credit Unions 68

Credit Unions CECL Credit and Collections 68

Abrigo

APRIL 20, 2016

With the pressures of changing regulations and data security continuing to increase, banks and credit unions must remain vigilant when it comes to their data. In addition, institutions should determine how they can make better use of the data already being collected. Collection 2. Management 3. Protection 4.

CECL 60

CECL Credit Unions Credit and Collections 60

Abrigo

DECEMBER 7, 2021

According to the FFIEC, there are no required risk categories, and the number and detail of these categories vary based on the bank or credit union's size or complexity. After adjusting the inherent risk for the institution’s risk management controls, residual risk represents the bank or credit union’s current risk. Fraud Prevention.

Cybersecurity 78

Cybersecurity Credit Unions Transactions Credit and Collections 78

Abrigo

MAY 10, 2022

As noted throughout this “ Introduction to ALM ” blog series, a key aspect of asset/liability management (ALM) is managing assets and liabilities appropriately to generate and sustain margin. However, many institutions have available a natural hedge to changing interest rates : the non-maturity deposits (NMDs) they collect.

CECL 78

CECL Credit and Collections Credit Risk 78

Abrigo

JANUARY 12, 2016

One of every six financial institutions responding to the 2015 Sageworks Bank & Credit Union Examination Survey said that examiners criticized or required action related to their risk ratings practices. But avoiding regulators’ inquisition isn’t the only reason that banks and credit unions should review their risk rating systems.

Credit Unions 60

Credit Unions CECL Credit and Collections Default 60

Abrigo

SEPTEMBER 14, 2022

What banks need to know as the CFPB gets closer to its final rule Banks, credit unions, and other creditors may be required to collect more data for each application under a new rule. You might also like this webinar: "Fortify Your Loan Policy to Effectively Manage Credit Risk." Prepare for change to data collection practices.

Credit and Collections 78

Credit and Collections Credit Unions Credit Risk CECL 78

Abrigo

JUNE 15, 2023

Credit: Brian Koppel, Reel to Real Filming Locations blog According to a Global Financial Integrity (GFI) study , an estimated $2.3 Credit: Brian Koppel, Reel to Real Filming Locations blog According to a Global Financial Integrity (GFI) study , an estimated $2.3 real estate market alone. real estate market alone.

Credit Unions 78

Credit Unions Credit and Collections Transactions CECL 78