Abrigo

APRIL 22, 2024

Recent dynamics of the small business lending market A deep understanding of the small business lending landscape and potential efficiencies can help banks and credit unions grow their portfolios. Dynamic market Small business lending by banks & credit unions Small businesses are a pillar of the U.S.

Credit Unions 97

Credit Unions Small Businesses Credit and Collections Credit Risk 97

Abrigo

APRIL 12, 2023

Building a strong credit review process A critical element of monitoring is an organization’s credit risk rating system. This blog will examine credit review in more detail. DOWNLOAD Takeaway 1 Loan review, or credit review, must be timely, thorough, and accurate to meet regulatory requirements.

Credit Risk 78

Credit Risk Credit and Collections CECL 78

Abrigo

MAY 22, 2024

Recent stats and dynamics of the small business lending market Understanding the small business lending landscape and potential efficiencies can help banks and credit unions grow their portfolios. Dynamic market Small business lending by banks & credit unions Small businesses are a pillar of the U.S.

Credit Unions 78

Credit Unions Small Businesses Credit and Collections Credit Risk 78

Abrigo

NOVEMBER 17, 2023

How to close more loans by speeding up lending and credit analysis Seeking a quicker loan origination workflow is worth it. You might also like this on-demand webinar on the red flags of emerging CRE risk. At many banks and credit unions, the way lenders and underwriters have handled loans is basically unchanged from decades ago.

Credit Unions 88

Credit Unions CECL Credit Risk Credit and Collections 88

Abrigo

MARCH 13, 2024

How to respond to CRE loan distress Use these tips for banks and credit unions to identify and handle commercial real estate loans that are showing signs of being problem CRE credits. Takeaway 1 Engaging the bank or credit union loan workout team or an outside expert can help restore CRE loans in distress or mitigate their impact.

Credit Unions 88

Credit Unions CECL Default Credit Risk 88

Abrigo

JUNE 3, 2016

The Financial Accounting Standards Board’s (FASB) long-awaited final guidance on its new standard for measuring expected credit losses is expected to be released in June, a step that will be a major milestone in the multi-year development of the current expected credit loss (CECL) model. It is available by replay here.

Credit Unions 68

Credit Unions CECL Credit and Collections Accounting Firms 68

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

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

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. Watch Webinar.

Credit Risk 78

Credit Risk CECL Credit and Collections 78

Abrigo

DECEMBER 23, 2022

As financial regulators have  noted, th is oversight is important because of the potential for long-term complications in financial loss when models such as CECL models or ALM models are misused or incorrect. Liquidity risk Regulators expec t banks and credit unions to maintain adequate levels of liquidity. CECL Accounting.

CECL 78

CECL Credit Unions Credit and Collections Credit Risk 78

Biz2X

SEPTEMBER 3, 2024

The Impact of Recent Lending Policies Across industries and sectors, possibly the most significant shift in lending policy has been the tightening of credit standards. While CECL does enhance financial stability, it can also be costly, as it requires them to develop more sophisticated risk assessment models.

CECL 40

CECL Credit and Collections Default Credit Scoring 40

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

APRIL 12, 2021

Takeaway 2 Once a bank or credit union understands the need for an LOS, it develop one or use a third-party vendor. A loan origination system (LOS) has become a common banking buzzword among banks and credit unions in recent years. It’s also important to understand how an LOS may be able to help your bank or credit union.

Credit Unions 135

Credit Unions Credit Risk Credit and Collections Cybersecurity 135

Abrigo

MAY 30, 2023

Timelines for small business loan data collection and reporting Deadlines for complying with the new CFPB section 1071 rule requirements for financial institutions to collect data on small business loan activities. Takeaway 3 The earliest deadline requires financial institutions to begin collecting data Oct.

Credit Unions 78

Credit Unions Credit and Collections Transactions Small Businesses 78

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. risk that only manifests during periods of economic stress) more precisely. Enhanced portfolio credit risk management loss forecasting accuracy.

CECL 52

CECL Credit and Collections Credit Risk Default 52

Abrigo

DECEMBER 27, 2022

Or they claim their targets have won a foreign lottery or sweepstake, which they can collect for a "fee." Lending & Credit Risk. Portfolio Risk & CECL. The post 2023 Fraud trends: What banks and credit unions can expect appeared first on Abrigo. Update and adjust. Reassessing procedures for 2023.

Credit Unions 78

Credit Unions Cybersecurity CECL Credit and Collections 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

MARCH 21, 2023

WATCH Takeaway 1 Earning more income and mitigating interest rate risk isn’t as simple as charging higher rates on loans and earning higher rates on the investment portfolio. Takeaway 2 Some banks and credit unions were late movers and are now scrambling to lock in funding for the short term to meet liquidity and capital needs.

Credit Unions 78

Credit Unions CECL Credit and Collections Credit Risk 78

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. Learn More.

Credit Unions 78

Credit Unions CECL Credit and Collections Credit Risk 78

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.

Cybersecurity 78

Cybersecurity Credit Unions Transactions Credit and Collections 78

Abrigo

MAY 10, 2022

However, many institutions have available a natural hedge to changing interest rates : the non-maturity deposits (NMDs) they collect. Portfolio Risk & CECL. Gauge Your Institution’s Risk from Inflation: Planning Ahead with Stress Testing. Lending & Credit Risk. Asset/Liability. Stress Testing.

CECL 78

CECL Credit and Collections Credit Risk 78

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." Proposed Rule.

Credit and Collections 78

Credit and Collections Credit Unions Credit Risk CECL 78

Abrigo

MAY 8, 2024

How banks and credit unions use genAI today Short supporting copy. WATCH Takeaway 1 Understanding generative AI and how peers are using AI and genAI helps financial institution leaders and management vet the technology and related risks. Credit unions are jumping in too. Introduce key takeaway below. This short be 2 lines max.

Credit Unions 88

Credit Unions Cybersecurity CECL Credit and Collections 88

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 billion was laundered between 2015 and 2020 through the U.S.

Credit Unions 78

Credit Unions Credit and Collections Transactions CECL 78