Pactola

DECEMBER 7, 2020

For over 30 years, the regulators have advocated, or required, an independent validation of credit risk. o Overall conclusions are generic statements that provide little insight on validating the bank’s credit risk management. There is a good business reason for this function if managed well.

Credit Risk 40

Credit Risk Transactions 40

Abrigo

SEPTEMBER 25, 2024

According to a 2023 training presentation by the SBA, lenders can find a data entry guide for E-Tran on the landing page of CAFS after logging in. Read Main Street Bank's story Abrigo SBA Lending Blog Lending & Credit Risk SBA Lending Breaking down SBA lending: What is E-Tran?

Credit Unions 88

Credit Unions Credit Risk Credit and Collections Small Businesses 88

Your Virtual Credit Manager

NOVEMBER 14, 2023

If you discuss credit terms with a competitor, you are in violation of anti-trust statutes forbidding price fixing. Photo by Aziz Acharki on Unsplash ) Because Credit Policy is a part of Sales Policy, how you manage credit impacts company profits. Credit Insurance Another option is to obtain Credit Insurance.

Credit Sales 130

Credit Sales Bad Debt Credit and Collections Credit Risk 130

Your Virtual Credit Manager

FEBRUARY 27, 2024

Compliance Risks : For example, if credit practices are not compliant with fair lending laws or data privacy regulations, it can result in legal penalties and reputational damage. Alignment is more likely to be achieved when all parties understand the impact of credit risks and systemic failures in the O2C process.

Accounts Receivable (AR) 130

Accounts Receivable (AR) Days Sales Outstanding Bad Debt Credit and Collections 130

Abrigo

APRIL 22, 2024

Loan proposals and loan committee presentations are prepared more quickly and are easier to review with workflows and templates that align with your loan policy. Small business borrowers are offered faster decisions and streamlined processes for all types of credit. Win more small business deals and grow market share.

Credit Unions 97

Credit Unions Small Businesses Credit and Collections Credit Risk 97

Abrigo

AUGUST 2, 2023

CRE credit risk is in the spotlight A structured approach to assessing commercial real estate risk helps banks and credit unions address inquiries about the health of CRE loans. Executives should be prepared to discuss credit risk stress testing outcomes and their impact on risk management decisions.

CECL 78

CECL Credit Risk Credit Unions 78

Your Virtual Credit Manager

SEPTEMBER 17, 2024

A former client had the necessary credit and collection expertise for their industry. They understood the dynamics that affected their customers and marketplace, as well as the credit controls needed to keep credit risk in check in this environment. Do you need help assessing your customers’ credit risks?

Credit and Collections 100

Credit and Collections Accounts Receivable (AR) Bad Debt Credit Risk 100

Abrigo

DECEMBER 14, 2023

If your goal is CRE growth, you’ll need to see past, present, and future metrics with an organized pipeline system that can show what loans you expect to close in 30, 60, or 90 days. 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

APRIL 12, 2023

Building a strong credit review process A critical element of monitoring is an organization’s credit risk rating system. This blog will examine credit review in more detail. DOWNLOAD Takeaway 1 Loan review, or credit review, must be timely, thorough, and accurate to meet regulatory requirements.

Credit Risk 78

Credit Risk Credit and Collections CECL 78

Abrigo

MAY 22, 2024

Loan proposals and loan committee presentations are prepared more quickly and are easier to review with workflows and templates that align with your loan policy. Small business borrowers are offered faster decisions and streamlined processes for all types of credit. Win more small business deals and grow market share.

Credit Unions 78

Credit Unions Small Businesses Credit and Collections Credit Risk 78

Abrigo

SEPTEMBER 28, 2022

Stay up to date on credit risk. Watch the webinar, "Credit risk management: Best practices & examiner priorities in uncertain times". Lending & Credit Risk. Lending & Credit Risk. Lending & Credit Risk. Managing construction loans effectively. keep me informed.

Credit Risk 78

Credit Risk Credit and Collections 78

Abrigo

SEPTEMBER 21, 2021

In addition, Cooley says, “You have to be technically sound so that when you’re walking into these rooms and talking with loan officers, other credit analysts, as well as perhaps presenting to the board of directors, you want to be able to explain to your end consumer your thought processes and how you arrived at your conclusions.”.

Credit Unions 78

Credit Unions Credit Risk 78

Abrigo

OCTOBER 28, 2022

Managing loan workouts and modifications Tips for preparing your bank or credit union to handle an increased volume of problem loans while ensuring prudent credit risk management. You might also like this video, "A look at credit risk in a rising-rate environment." CRE loan accommodations.

Credit Unions 78

Credit Unions Credit Risk CECL Credit Management 78

Abrigo

OCTOBER 21, 2020

His presentation covered the current commercial real estate (CRE) performance and a look at the future of CRE. McBride’s presentation primarily covered the pandemic's impact on CRE. Credit Risk Management. Lending & Credit Risk. Lending & Credit Risk. Portfolio Risk & CECL.

CECL 125

CECL Credit Risk Default 125

Abrigo

MARCH 14, 2024

As financial partners, your bank or credit union can collect and present data in a way that resonates with your clients and adds tangible value to their businesses. However, many customers may not fully understand or appreciate the depth of analysis these reviews offer. Read the buyer's guide to lending solutions.

Credit Unions 78

Credit Unions Credit Risk Credit and Collections Small Businesses 78

Your Virtual Credit Manager

OCTOBER 2, 2024

In determining the cost/benefit of any collateralization program, you must factor in the differences presented by each type of program, which include: Who owns the AR — is it sold or pledged as security? Your Virtual Credit Manager is a reader-supported publication. Do you need help assessing your customers’ credit risks?

Past Due Invoices 130

Past Due Invoices Credit and Collections Deductions Accounts Receivable (AR) 130

Abrigo

MARCH 31, 2023

NCUA expectations for credit unions post-CECL adoption The NCUA's focus on risk, especially credit risk, has implications for credit unions instituting CECL this quarter. Takeaway 2 Credit unions may still have questions about regulatory expectations for CECL after adopting the new standard.

Credit Unions 78

Credit Unions CECL Credit Risk Credit and Collections 78

Abrigo

AUGUST 13, 2024

With Flying Colors With Flying Colors , presented by Credit Union Exam Solutions, is on top of the latest regulatory issues for credit unions. The host, Mark Treichel, is the former NCUA Executive Director and now a consultant to credit unions.

Credit Unions 88

Credit Unions CECL Credit Risk Small Businesses 88

Abrigo

SEPTEMBER 15, 2022

Takeaway 1 "Bank Monitoring with On-Site Inspections" will be presented later this month and claims to be the first empirical study of bank monitoring within non-syndicated loans. . Stay up to date on credit risk. Watch the webinar, "Credit risk management: Best practices & examiner priorities in uncertain times".

Default 78

Default Credit Risk Credit and Collections Credit Scoring 78

Abrigo

AUGUST 28, 2022

One of the most time-consuming components of ag loan approvals can be developing market- or deal-specific credit presentations. When ag lenders use homegrown systems relying on spreadsheets and Word documents, the loan presentation must be cobbled together, and data is housed outside the core system. Lending & Credit Risk.

Credit and Collections 78

Credit and Collections Credit Unions Credit Risk 78

Abrigo

JUNE 4, 2024

This opening panel session of ThinkBIG 2024 was just one of many presentations from over 90 speakers this week. ThinkBIG 2024 provides a platform for sharing strategies and insights critical to the success of banks and credit unions. As the financial industry evolves, these takeaways will ensure resilience and growth.

Credit Unions 88

Credit Unions CECL Credit Risk Transactions 88

Your Virtual Credit Manager

DECEMBER 20, 2022

Share Controlling Credit Risk Increasing sales to high margin customers disproportionately increases total gross profit. Readers of Your Virtual Credit Manager can now access sharply discounted business credit reports from D&B, Experian, or Equifax through our partner Accredit. Here’s how?

Deductions 130

Deductions Credit and Collections Bad Debt Credit Risk 130

Abrigo

MARCH 13, 2024

No, it’s the current situation in the commercial real estate (CRE) market tied to the threat that distressed and problem CRE loans pose to investors, banks and credit unions, and the economy at large. keep me informed Download Success story Loan review is critical for identifying emerging credit risks. Want to learn more?

Credit Unions 88

Credit Unions CECL Default Credit Risk 88

Abrigo

AUGUST 5, 2024

When a check is presented for payment, a visual inspection can often reveal suspicious checks before your financial institution incurs a loss. Alterations : Alterations are a common tactic in check fraud. Any signs of tampering, like altered, eradicated, or erased information, suggest the check might be counterfeit.

Credit Unions 78

Credit Unions Cybersecurity CECL Credit Risk 78

Abrigo

AUGUST 19, 2024

Takeaway 2 Failing to meet FFIEC compliance standards can have serious consequences for banks and credit unions. Takeaway 3 BSA compliance officers should present clear requests to their boards, outlining their needs and providing examples of the penalties that they face if they do not meet the FFIEC standard.

CECL 78

CECL Credit Unions Credit Risk Transactions 78

Abrigo

NOVEMBER 13, 2023

Takeaway 3 Utilize guidance lines to streamline the approval process for customers with fluctuating credit needs Fine-tune annual review Keeping annual review simple Annual loan reviews are a critical component in monitoring the health of a credit after it is initiated. How Strengthen your risk rating system.

CECL 78

CECL Credit Risk Transactions 78

Gaviti

JULY 24, 2024

Pre-Qualify Customers that Present Greater Risk You may want to identify your ideal customers, such as those who have a proven payment history, are from a specific industry, who have a certain budget, etc. Make sure everyone who needs access to the process receives proper training.

Credit and Collections 98

Credit and Collections Bad Debt Payment Portals DSO 98

Your Virtual Credit Manager

AUGUST 27, 2024

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? How have the risks been changing over time?

Accounts Receivable (AR) 100

Accounts Receivable (AR) Credit and Collections Default Cybersecurity 100

Abrigo

DECEMBER 17, 2021

Components of an effective fintech partnership If leveraging new technology is a priority for your FI, ensure these three elements are present for an effective fintech partnership. . Lending & Credit Risk. Portfolio Risk & CECL. Lending & Credit Risk. Credit Risk Management.

Credit Unions 78

Credit Unions Credit Risk CECL 78

Biz2X

OCTOBER 8, 2024

Reaching out to new or existing clients at a time when entrepreneurs are already reviewing their financial statements presents a growth opportunity for banks that can offer additional funding or better loan terms through refinancing. Lenders must be sure to consider data privacy when using AI by investing in enhanced cybersecurity methods.

Cybersecurity 52

Cybersecurity Credit and Collections Deductions Small Businesses 52

Abrigo

JULY 25, 2022

Taking a “wait and see” approach to ag lending preparation could leave the financial institution short-handed at a time when solid underwriting and sound credit risk management are vital. Lending & Credit Risk. Lending & Credit Risk. Lending & Credit Risk. Ag Lending. Loan Pricing.

Credit Risk 78

Credit Risk Credit Unions Small Businesses 78

CreditStrong for Business

OCTOBER 11, 2024

The goal of the organization is to serve the business lending industry by providing accurate and reliable data to help lenders predict small business credit risk. Business credit reports that contain data from the SBFE might make or break your future business credit applications. What Information Does the SBFE Collect?

Credit Reporting Agencies 52

Credit Reporting Agencies Credit and Collections Credit Scoring Small Businesses 52

Your Virtual Credit Manager

JANUARY 10, 2023

Photo by Patrick Hendry on Unsplash Although defaults resulting in significant bad debt losses are a rare event for trade creditors, much of the focus of AR Management is on credit risk. Banks make money by lending so they pay close attention to the credit risk of the borrower.

Credit and Collections 130

Credit and Collections Bad Debt Invoice Disputes Credit Management 130

Abrigo

SEPTEMBER 23, 2020

It's also wise to review the process for segmenting loans for allowance estimations, since even loans that aren't labeled as TDRs might not retain their current credit risk profiles. Managing loan workouts is a chief concern among banks and credit unions these days. Credit Risk Management. Learn More. Whitepaper.

Credit Risk 78

Credit Risk Credit Unions CECL 78

Abrigo

JUNE 27, 2024

It is perfectly acceptable to educate customers about cash reporting as long as the information is not presented in a way that encourages structuring behaviors. Show your board of directors and leadership an outline of what it will take to prepare for FedNow at your institution.

Transactions 88

Transactions CECL Credit Unions Credit Risk 88

Abrigo

FEBRUARY 27, 2020

Respondents were lenders, credit analysts, chief credit officers, chief risk officers, as well as other professionals involved in the lending and credit risk processes at banks and credit unions. The list goes on, and we haven’t even gotten into creating closing documents or credit presentations.

Credit Unions 97

Credit Unions Credit Risk 97

Abrigo

JANUARY 30, 2024

The Credit + Lending + Portfolio Risk track will cover topics on managing credit risk, making smarter loans faster, managing the current expected credit loss (CECL), stress testing, and asset/liability management (ALM).

CECL 78

CECL Credit Unions Credit Risk Cybersecurity 78