CECL Credit Scoring Document 
Abrigo
NOVEMBER 17, 2023
Loan automation and workflow efficiency take borrowers from loan requests to credit decisions without the delays, repeated data entry, and miscommunication familiar to many loan officers and credit analysts. The time savings for credit analysts speeds up the decision for borrowers, creating a better chance to win deals.
Abrigo
MAY 10, 2021
Thus, a critical function of a bank or credit union’s commercial loan origination solution is that it notifies individuals at key steps of the process, such as when the loan application is complete or when all documents have been submitted. The workflow is constantly interrupted, and efficiency is lost.
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Abrigo
APRIL 22, 2024
The personal underwriting process is largely paper-intensive and manual, often done with the aid of [E]xcel spreadsheets, and there is a reliance on personal credit scores, particularly in the larger banks. The response times are slow, often several weeks and even months until borrowers are approved or denied.
Abrigo
MAY 22, 2024
The personal underwriting process is largely paper-intensive and manual, often done with the aid of [E]xcel spreadsheets, and there is a reliance on personal credit scores, particularly in the larger banks. The response times are slow, often several weeks and even months until borrowers are approved or denied.
Pactola
JULY 20, 2020
Since lawmakers do not want delayed payments to impact credit scores, Congress mandated that people current on their payments prior to the outbreak should still be reported as current on their payments when they are in a hardship program. This has the impact of moving credit scores higher at a time when payments are not being made.
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