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The first step in a practical 2017-2018 credit union action plan – Build a CECL committee

Abrigo

In the recent Sageworks webinar “Actionable Steps to Prepare for CECL Today,” Neekis Hammond and Jared Mills, advisory services consultants at Sageworks, discuss five actionable steps credit unions can take to prepare for the upcoming CECL regulation. That data may be important for migration and vintage techniques.”

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For faster loan origination, stop doing this

Abrigo

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. Learn where to find opportunities for improvement. Review everything from one system.

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What Basic Functions Should My Loan Origination System (LOS) Perform?

Abrigo

This credit risk analysis should incorporate custom metrics for the financial institution, real-time credit scores imported, as well as a global debt-service coverage ratio when necessary. Lending & Credit Risk. Lending & Credit Risk. Portfolio Risk & CECL. Lending & Credit Risk.

CECL 78
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The math behind small business lending: Problems & possibilities for banks & credit unions

Abrigo

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.

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The math behind small business lending: Problems & possibilities for banks & credit unions

Abrigo

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.