Remove CECL Remove Dashboards Remove Document
article thumbnail

What is a Loan Origination System (LOS)?

Abrigo

An LOS is defined as a system that automates and manages the end-to-end steps in the loan process – from the application, through underwriting, approval, documentation, pricing, funding, and administration. Drillable dashboards and ready-to-use reports enable staff and executives to drive smarter, data-based decisions.

article thumbnail

Managing credit concentration risk

Abrigo

How credit risk review can help manage concentrations While some credit teams think of loan review as a compliance mechanism for retrospectively validating individual loan risk ratings and verifying the adequacy of loan documentation, the function of credit risk review has more strategic value tied to handling concentration risk.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

The top lending & credit risk blogs of the year

Abrigo

The most-read lending & credit blogs in 2023 Probability of default, CECL model validation, and stress testing were among Abrigo's top blogs on ALM, CECL, and portfolio risk this year. You might also like this resource, Abrigo's "2022 Loan Review Benchmark Survey Results."

article thumbnail

Key Lender Steps Before Using the SBA’s PPP Forgiveness Platform

Abrigo

It's also a good idea to review thoroughly any documentation that lenders plan to submit along with their decisions. Checking documentation for PPP forgiveness decisions. Key Takeaways The SBA's PPP Forgiveness Platform opened to lenders on Aug. The SBA PPP Forgiveness Platform opened Aug.

article thumbnail

Key Lender Steps Before Using the SBA’s PPP Forgiveness Platform

Abrigo

It's also a good idea to review thoroughly any documentation that lenders plan to submit along with their decisions. Checking documentation for PPP forgiveness decisions. Key Takeaways The SBA's PPP Forgiveness Platform opened to lenders on Aug. The SBA PPP Forgiveness Platform opened Aug.

article thumbnail

PPP Instructions for SBA Forms 3509, 3510 Released on Forgiveness Platform

Abrigo

Lenders also have five business days to respond to the notice received in the inbox by uploading the standard loan review documentation requested in the notification, according to the instructions. Portfolio Risk & CECL. Portfolio Risk & CECL. Asset/Liability. Fraud Prevention. Lending & Credit Risk. Learn More.

CECL 78
article thumbnail

Data-driven strategies for banks and credit unions: Start here

Abrigo

in CECL calculations and loan performance), but stale information is not the best to use for strategic planning. Does the solution provide dashboards customized to specific groups within the financial institution (e.g., a lender performance dashboard that automatically updates as the financial institution uploads its data)?