Remove Credit Risk Remove Cybersecurity Remove Small Businesses
article thumbnail

What is a Loan Origination System (LOS)?

Abrigo

Some larger financial institutions with substantial IT staffs can build and maintain a new commercial loan origination system on top of competing needs related to cybersecurity, fraud, and other priorities. In other words, lenders and credit analysts can save time by not having to log in and out of various systems. Risk Ratings.

article thumbnail

Is Granting Credit Terms Worth the Risk?

Your Virtual Credit Manager

To continue reading and learn four essential risk-based questions to ask when evaluating a customer’s credit-worthiness, you must be a paid subscriber to Your Virtual Credit Manager. Do you need help assessing customer credit risks? Ensure the account meets your cybersecurity requirements.

Insiders

Sign Up for our Newsletter

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

article thumbnail

4 Sure Signs Your PPP Loan Will NOT Be Forgiven

Abrigo

While it’s been a mad dash to secure funds for small business borrowers, the work is far from over once the loans are issued. The purpose of the PPP is to provide eight weeks of cash-flow assistance to small businesses so that they are able to keep employees on the payroll. Financial Cybersecurity. BSA Software.

article thumbnail

Getting Your Financial Institution in Shape for Loan Workouts Amid the Coronavirus Pandemic

Abrigo

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. Financial Cybersecurity. Artificial Intelligence. BSA Software. Learn More. Artificial Intelligence.

article thumbnail

Five Things BSA Officers Need to Know in COVID-19

Abrigo

Consider a risk-based lookback for your Paycheck Protection Program (PPP) portfolio. The government was quick to roll-out PPP loans to offer relief to small businesses and communities. Lending & Credit Risk. Member Business Lending. Financial Cybersecurity. Asset/Liability. C&I Loans.

article thumbnail

Optimizing Lending Opportunities For Tax Season 

Biz2X

Companies that are finding they do not have the capital on hand to support their goals while meeting income tax liabilities, will overcome those obstacles by cutting costs, increasing income, and exploring small business loan opportunities. Balance Sheet – A balance sheet shows how much a business is worth at a certain point in time.

article thumbnail

Digital Business Lending ROI: A Comprehensive Guide

Biz2X

The Digital Business Lending Landscape The digital lending landscape has undergone a significant transformation in recent months, offering community banks myriad innovative solutions to streamline their lending processes, particularly in relation to small businesses.

Default 52