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

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

MARCH 22, 2017

The Summit is the industry’s leading life-of-loan conference, spanning business development through portfolio risk management in a CECL - current expected credit loss - world. The agenda fully embraced the “Year of CECL” and covered the accounting change in detail.

CECL 74

CECL Credit Unions Small Businesses 74

Abrigo

OCTOBER 10, 2023

Industries with high barriers to entry can pose challenges for new businesses but make well-established businesses a more secure investment. Understand the landscape and what large and small businesses are making the most impact on the market to gauge the risk of banking the industry.

CECL 78

CECL Credit Risk Credit Unions Small Businesses 78

Abrigo

DECEMBER 22, 2023

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."

Credit Risk 88

Credit Risk Credit Unions CECL Dashboards 88

Abrigo

JULY 13, 2017

The Summit is the industry’s leading life-of-loan conference, spanning loan origination through portfolio risk management in a CECL - current expected credit loss - world. The agenda fully embraced the “Year of CECL” and covered the accounting change in detail. View the Summit agenda here.

Credit Unions 68

Credit Unions CECL Small Businesses 68

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. Portfolio Risk & CECL. CARES Act: $349 billion for expanded 7(a).

Credit Unions 78

Credit Unions CECL Credit Risk Small Businesses 78

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. Portfolio Risk & CECL. Loan Pricing. Learn More. CRE Lending. Lending & Credit Risk. Loan Pricing.

Credit Risk 117

Credit Risk CECL Small Businesses 117

Abrigo

NOVEMBER 17, 2023

While small business borrowers , for example, predominantly choose where to apply for credit based on an existing relationship with a lender, more than half who source loans from online lenders cite the speed of funding as an influential factor.

Credit Unions 88

Credit Unions CECL Credit Risk Credit and Collections 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

OCTOBER 14, 2022

This rule requires all organizations that originated 25 or more small business loans in the last two years to record and maintain about 25 data points for loans to women-owned and minority-owned small businesses. In their hurry to get compliant with CECL, it seems like maybe banks have forgotten the documentation piece.

Credit Risk 78

Credit Risk CECL Small Businesses 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

Biz2X

NOVEMBER 5, 2024

Credit Loss Accounting for Banks In addition to routine reporting that is required at the close of any period, banks and credit unions must also calculate their allowance for loan and lease losses (ALLL) or Current Expected Credit Losses (CECL). Banks must set aside, and report, a cash reserve depending on the total calculated losses.

CECL 52

CECL Credit Unions Small Businesses Transactions 52

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. Portfolio Risk & CECL. Portfolio Risk & CECL. Instructions say manual data entry required on 3509, 3510.

CECL 78

CECL Credit Risk Dashboards 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. Member Business Lending. Portfolio Risk & CECL. The payments to lenders for forgiven Paycheck Protection Program (PPP) loans are starting to flow. Learn More. C&I Loans.

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

AUGUST 26, 2019

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. Portfolio Risk & CECL. This highlights the challenge of needing to offer digital services but also maintain a primary relationship with customers.

CECL 60

CECL Credit Unions Credit Risk Small Businesses 60

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

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). Portfolio Risk & CECL. Asset/Liability. Lending & Credit Risk. SBA Lending.

CECL 78

CECL Credit Risk 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. Portfolio Risk & CECL. Member Business Lending. Portfolio Risk & CECL.

CECL 78

CECL Credit Risk Deductions Small Businesses 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

AUGUST 11, 2020

The Small Business Administration’s (SBA) PPP Forgiveness Platform opened to lenders on Aug. Portfolio Risk & CECL. It's also a good idea to review thoroughly any documentation that lenders plan to submit along with their decisions. The SBA PPP Forgiveness Platform opened Aug. Learn More. Whitepaper. Asset/Liability.

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. Portfolio Risk & CECL. It's also a good idea to review thoroughly any documentation that lenders plan to submit along with their decisions. The SBA PPP Forgiveness Platform opened Aug. Whitepaper. Asset/Liability. Learn More.

Credit Risk 78

Credit Risk Dashboards CECL Small Businesses 78

Abrigo

SEPTEMBER 7, 2023

Blog Abrigo Data Center Ag Lending C&I Loans Construction Lending Consumer Lending CRE Lending Credit Risk Management Lending & Credit Risk Member Business Lending Small Business Lending 5 Critical lender dashboards & reports for credit leaders Learn More Blog Abrigo Data Center Asset/Liability Lending & Credit Risk Portfolio Risk (..)

Dashboards 78

Dashboards Credit Unions Credit Risk CECL 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. Portfolio Risk & CECL.

Credit Unions 78

Credit Unions Credit Risk CECL 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. Member Business Lending. Portfolio Risk & CECL. Learn More. C&I Loans. CRE Lending. Learn More.

CECL 60

CECL Credit Risk Transactions Small Businesses 60

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. Win More Deals: Small Business Lending Best Practices. That, in turn, has additionally pressured yields, despite record-low cost of funds.

Credit Unions 78

Credit Unions Credit Risk CECL Transactions 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

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. Portfolio Risk & CECL. A lender has 60 days from receiving an application for borrower forgiveness to make a decision on the request. Lending & Credit Risk.

Credit Risk 78

Credit Risk CECL Credit Unions Small Businesses 78

Abrigo

FEBRUARY 23, 2023

Whitepaper Lending & Credit Risk Lending Regulation CFPB 1071 Rule: Checklist for compliance success Learn More Whitepaper Construction Lending Lending & Credit Risk Red flags and warning signs of contractor failure Learn More Whitepaper Advisory Services AML/CFT Lending & Credit Risk Portfolio Risk & CECL Adopting technology: The people (..)

Credit Risk 78

Credit Risk CECL Small Businesses 78

Abrigo

APRIL 30, 2020

Small businesses – even large corporations – are feeling the financial crunch from the coronavirus. There has been an influx of calls from consumers who can no longer pay their loans, and this will quickly follow suit on the commercial lending side.

Cybersecurity 78

Cybersecurity Credit Unions Credit Risk Small Businesses 78

Abrigo

SEPTEMBER 14, 2022

Financial institutions, fintech companies, and other small business lenders will need to begin collecting a wide array of small business lending data under the Consumer Financial Protection Board’s (CFPB) proposed small business lending data collection rule. Member Business Lending. CECL Regulation.

Credit and Collections 78

Credit and Collections Credit Unions CECL Credit Risk 78

Abrigo

FEBRUARY 16, 2015

Market share of commercial and industrial (C&I) lending fell most dramatically – about 23 percent – along with declines in residential lending and small business loans. Blog Bank Credit Union'

Credit Unions 60

Credit Unions CECL Small Businesses 60

Abrigo

MAY 8, 2024

Another example of using predictive AI is small business lending software that incorporates AI-driven lending intelligence. Abrigo Small Business Lending Intelligence powered by Charm provides loan rating risk scores, the probability of default, and how the score was calculated.

Credit Unions 88

Credit Unions Cybersecurity CECL Credit and Collections 88