Abrigo

FEBRUARY 14, 2023

What to know about the CFPB 1071 rule affecting small business loans This post provides answers to some frequently asked questions about data requirements and other changes likely from the new rule. Visit CFPB 1071 resources for lenders for more on data collection requirements for small business lending.

Small Businesses 78

Small Businesses Credit and Collections Credit Unions Credit Risk 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. You might also like this guide for smarter, faster small business lending.

Credit Unions 78

Credit Unions Small Businesses Credit and Collections Credit Risk 78

Abrigo

FEBRUARY 23, 2022

Making small business loans efficient and worthwhile Digitalizing the lending process can help financial institutions win small business loans and meet customers' needs. You might also like this webinar on small business lending best practices. Top problems in small business lending.

Small Businesses 78

Small Businesses Credit Unions Credit Risk CECL 78

Abrigo

APRIL 12, 2021

Lending participants’ demands Those involved in the lending process (lenders or business relationship managers, underwriters, line-of-business managers, credit authorities, and back-office personnel) “have also come to demand more convenient and digitized processes for tasks they complete across the loan life cycle,” Aite said.

Credit Unions 135

Credit Unions Credit Risk Credit and Collections CECL 135

Abrigo

JUNE 18, 2020

New Paycheck Protection Program (PPP) loan-forgiveness applications rolled out from the Small Business Administration (SBA) June 17, including an “EZ” form intended to streamline the process for certain borrowers. Lending & Credit Risk. How the Pandemic and PPP Have ‘Turbo-charged’ New Business Lending Strategies.

Credit Risk 117

Credit Risk CECL Small Businesses 117

Abrigo

OCTOBER 10, 2023

How industry analysis can improve your credit risk management Understanding your customers' businesses leads to better loan pricing, structure, and risk management. You might also like this webinar series, "Tackling common credit risk questions during challenging times."

CECL 78

CECL Credit Risk Credit Unions Small Businesses 78

Abrigo

NOVEMBER 17, 2023

Frustrating processes tied to credit requests and slow loan decisions are among borrowers’ biggest complaints about banks and credit unions compared to online or alternative lenders. Instead : Click a button and quickly spread and analyze loans using automatically calculated metrics selected by the institution.

Credit Unions 88

Credit Unions CECL Credit Risk Credit and Collections 88

Abrigo

MARCH 25, 2020

Banks and credit unions would have an opportunity to participate in a huge expansion of Small Business Administration (SBA) lending programs under a bipartisan stimulus package expected to be voted on in the Senate late Wednesday. CECL Accounting. Lending & Credit Risk. Portfolio Risk & CECL.

Credit Unions 78

Credit Unions CECL Credit Risk Small Businesses 78

Abrigo

OCTOBER 15, 2020

million approved by the Small Business Administration (SBA) in the days since the SBA started remitting payments. small businesses. Streamline credit risk decisions and administration, learn more. Lending & Credit Risk. Lending & Credit Risk. Credit Risk Management.

Credit Risk 88

Credit Risk CECL Credit Unions Small Businesses 88

Abrigo

DECEMBER 14, 2023

Learn to identify emerging CRE credit risk red flags. Learn to identify emerging CRE credit risk red flags.

Credit Risk 88

Credit Risk Dashboards Credit and Collections CECL 88

Abrigo

OCTOBER 17, 2023

Keep me informed Speak to an advisor Blog Credit Risk Management Lending & Credit Risk Loan Review and Due Diligence Member Business Lending Portfolio Risk & CECL Four ways to evaluate your loan review department’s effectiveness Learn More Blog Abrigo Data Center AML/CFT Asset/Liability Fraud Prevention Lending & Credit Risk Portfolio Risk (..)

Credit Unions 78

Credit Unions CECL Credit Risk Dashboards 78

Abrigo

DECEMBER 1, 2020

25 and published by the Independent Community Bankers of America (ICBA) and others, the Small Business Administration said lenders will receive notice of a loan review via the PPP Forgiveness Platform inbox. Lending & Credit Risk. Portfolio Risk & CECL. Lending & Credit Risk.

CECL 78

CECL Credit Risk Dashboards Small Businesses 78

Abrigo

JANUARY 24, 2021

New and updated Paycheck Protection Program (PPP) loan-forgiveness applications have been rolled out from the Small Business Administration (SBA), including one that borrowers and lenders have long sought to cover loans of $150,000 or less. Credit Risk Management. Lending & Credit Risk. CRE Lending.

CECL 78

CECL Credit Risk Deductions Small Businesses 78

Abrigo

AUGUST 13, 2024

Listen to the podcast episode, "ALM Outsourcing" to hear best practices for the current interest rate landscape.

Credit Unions 88

Credit Unions CECL Credit Risk Small Businesses 88

Abrigo

JUNE 27, 2024

Insurance coverage and restrictions: Many small businesses aren’t covered by insurance for theft, or their insurance policy states that they are not to keep more than a given amount of cash on hand in the event of a robbery. This will lead them to make more frequent cash deposits under the reporting threshold.

Transactions 88

Transactions CECL Credit Unions Credit Risk 88

Abrigo

AUGUST 26, 2019

The session is among several panel discussions and speaker sessions that are part of the Lending + Credit Risk track at the conference, hosted by Abrigo Sept. Meanwhile, the 2018 Small Business Credit Survey by the Federal Reserve banks indicates traditional financial institutions can take a lesson from digital lenders in some ways.

CECL 60

CECL Credit Unions Credit Risk Small Businesses 60

Abrigo

SEPTEMBER 7, 2023

Takeaway 2 A key component of business intelligence is identifying which data generates the most effective lender dashboards. Takeaway 3 Consider five examples of lender dashboards to improve workflow efficiency and monitor credit risks. It provides a glimpse of portfolio credit health and can aid credit monitoring.

Dashboards 78

Dashboards Credit Unions Credit Risk CECL 78

Abrigo

AUGUST 11, 2020

The Small Business Administration’s (SBA) PPP Forgiveness Platform opened to lenders on Aug. Lending & Credit Risk. Portfolio Risk & CECL. Credit Analysis Training. Credit Risk Management. Lending & Credit Risk. Lending & Credit Risk.

Credit Risk 78

Credit Risk Dashboards CECL Small Businesses 78

Abrigo

AUGUST 11, 2020

The Small Business Administration’s (SBA) PPP Forgiveness Platform opened to lenders on Aug. Credit Risk Management. Lending & Credit Risk. Lending & Credit Risk. Lending & Credit Risk. Portfolio Risk & CECL. Learn More. Whitepaper. Learn More.

Credit Risk 78

Credit Risk Dashboards CECL Small Businesses 78

Abrigo

APRIL 14, 2020

While community financial institutions have been focused on the Small Business Administration’s Paycheck Protection Program (PPP), the Federal Reserve recently unveiled a new loan-purchase program, the Main Street Lending Program (MSLP). Lending & Credit Risk. Portfolio Risk & CECL. Asset/Liability.

CECL 78

CECL Credit Risk Small Businesses 78

Abrigo

SEPTEMBER 1, 2020

For many financial institutions scrambling to assist small businesses by participating in the Small Business Administration’s (SBA) Paycheck Protection Program (PPP), implementing new technology has been the only possible way they could handle the crush of PPP applicants and paperwork. “SBA Portfolio Risk & CECL.

Credit Unions 78

Credit Unions Credit Risk CECL Small Businesses 78

Abrigo

JANUARY 19, 2022

Meanwhile, the adoption of the current expected credit loss model, or CECL , is prompting a re-evaluation of credit risk spreads and how those will affect loan pricing and profitability. Loss Allowance Rates – High-performing institutions do not necessarily have lower credit risks. Lending & Credit Risk.

Credit Unions 78

Credit Unions Credit Risk CECL Transactions 78

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. You might also like this one-page summary of key dates and deadlines for complying with the 1071 rule.

Credit Unions 78

Credit Unions Credit and Collections Transactions Small Businesses 78

Abrigo

MAY 1, 2020

Small Business Administration (SBA) as they anxiously await additional guidance on how borrowers might receive forgiveness for all or a portion of their loans. Lending & Credit Risk. Lending & Credit Risk. Portfolio Risk & CECL. Lending & Credit Risk. SBA Lending.

Credit Risk 78

Credit Risk CECL Credit Unions Small Businesses 78

Abrigo

OCTOBER 15, 2020

The immediate financial impacts small businesses endured, as well as the finite nature of the program, created a frenzy as borrowers rushed to obtain a PPP loan, and lenders worked around the clock to issue loans. Lending & Credit Risk. Lending & Credit Risk. Credit Risk Management.

CECL 60

CECL Credit Risk Transactions Small Businesses 60

Abrigo

FEBRUARY 23, 2023

Talk to a specialist to learn more.

Credit Risk 78

Credit Risk CECL Small Businesses 78

Abrigo

SEPTEMBER 9, 2019

Looking at the entire small business lending cycle, from loan request through approval to closing, technology can transform the business lending process from one that consumes 35 labor hours at a cost of $2,422 to one that takes 16 hours at a cost of just over $1,000, or less, according to Abrigo Vice President of Banking Neill LeCorgne.

Credit Risk 60

Credit Risk Corporate Lending CECL Credit Unions 60

Abrigo

APRIL 30, 2020

Small businesses – even large corporations – are feeling the financial crunch from the coronavirus. Prioritizing these requests will be critical in successfully managing credit risk and maintaining profitability.

Cybersecurity 78

Cybersecurity Credit Unions Credit Risk Small Businesses 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." The proposed rule , unveiled Sept.

Credit and Collections 78

Credit and Collections Credit Unions CECL Credit Risk 78

Abrigo

MAY 8, 2024

The software evaluates over 20 unique features of each check coming in to provide financial institutions with a risk score indicating the probability of a fraudulent check. Another example of using predictive AI is small business lending software that incorporates AI-driven lending intelligence.

Credit Unions 88

Credit Unions Cybersecurity CECL Credit and Collections 88