Abrigo

AUGUST 19, 2024

A strong BSA prog r am starts with FFIEC compliance Building a robust BSA program means having access to the staffing and resources you need. You might also like this podcast, "Ensuring access to the FFIEC’s suitable resources at your financial institution: What BSA compliance officers need to know.

Resources 195

Resources Compliance Management Training 195

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. Takeaway 2 The top lending and credit blog posts focused on the benefits of banking technology, interest rate management, and developing risk ratings.

Lending 221

Lending Risk Management Community Management 221

Abrigo

APRIL 12, 2021

What an LOS Is, and How It Benefits CFIs A loan origination system automates and manages the lending process to address common challenges. Takeaway 1 The lending landscape is increasingly competitive and the process is frustrating. You might also like this report on commercial loan automation systems DOWNLOAD. Definition of LOS.

System 338

System Lending Software Analysis 338

Abrigo

JUNE 18, 2020

15 due to compliance with specific health and safety requirements as outlined in the PPP Flexibility Act. Documentation requirements remain the same for this longer form, and in general, borrowers preparing to file forgiveness applications using either of the revised forms will need to gather roughly the same materials. CRE Lending.

Lending 293

Lending Strategy Risk Management Compliance 293

Abrigo

MAY 19, 2017

With the National Credit Union Administration issuing its final member business lending (MBL) ruling as of January 2017, credit unions are seeing increased flexibility in their lending limits. Who is responsible for collecting key documents, and will a system be used to track tickler documents and member compliance?

Lending 150

Lending Analysis Knowledge Base System 150

Gonzobanker

SEPTEMBER 5, 2024

The two primary issues keeping some lenders from the top of their home equity game are 1) ambiguity in the ownership of their home equity functions and 2) a lack of maturity in their lending systems and processes. Some lenders do a solid job repurposing mortgage lending staff into home equity roles.

Lending 141

Lending System Online Operations 141

Abrigo

MAY 10, 2021

Knowing these elements of an LOS and an LOS vendor is critical for senior financial institution executives either shopping for an LOS for the first time or considering an improvement to their bank or credit union’s current business lending process. Lending process management is key to timely decisions. Workflow & Analysis.

System 195

System Lending Analysis Software 195

Abrigo

NOVEMBER 9, 2020

Loan administration is a basic and yet far-reaching process of lending. However, effective loan administration solutions or systems will help lenders avoid the most common documentation- and data-related deficiencies found during examinations. Find out about upcoming free lending/credit webinars. stay informed.

System 195

System Lending Software Risk Management 195

Independent Banker

JANUARY 31, 2022

What we saw in PPP wasn’t that businesses didn’t inherently qualify; it was that producing the documentation required to meet the program requirements was a very heavy burden for them,” says Christopher Maher, chairman and CEO of OceanFirst Financial Corp., which operates $12 billion-asset OceanFirst Bank N.A. in Toms River, N.J.

Lending 150

Lending Community Community Bank Compliance 150

PYMNTS

MAY 17, 2018

Regional lender in Japan, Suruga Bank , apologized this week and admitted that staff may have knowingly processed loan documents that were falsified for a struggling property investment scheme, adding to the list of corporate scandals plaguing the country, reports in Bloomberg said.

Compliance 108

Compliance Lending National Fraud 108

Abrigo

DECEMBER 30, 2019

Institutions must create a strong culture of compliance. Creating a Culture of Compliance. One of the more important takeaways from 2019 is that all institutions, regardless of size or risk profile, must have a strong culture of compliance, as directed by FinCEN’s advisory in 2014. Looking back to strengthen your BSA program.

Training 195

Training Compliance Leadership Fraud 195

Abrigo

AUGUST 27, 2020

Documentation: Thorough and complete documentation is king. If you have manual monitoring processes, document them. If you have performed enhanced due diligence on a client, document it. Remember, if it is not documented it did not happen. Lending & Credit Risk. Member Business Lending.

Regulation 195

Regulation Fraud Compliance Lending 195

Abrigo

OCTOBER 21, 2016

Tracking outstanding post-closing documents. This stage of loan management starts immediately after loan closure and includes trailing critical documents. Absent a methodical, proactive process for identifying and tracking outstanding documents, the potential for documents “falling through the cracks” greatly increases.

Software 150

Software Lending Handbook Management 150

Perficient

OCTOBER 28, 2024

Mortgage lenders use this collateral valuation to determine how much they will lend on a property. The Comment stresses that the use of fraud screening tools, such as those offered by third-party vendors that generate fraud risk services, must be offered in compliance with ECOA and the CFPA. Fraud screening.

Regulation 221

Regulation Fraud Tools Compliance 221

Perficient

FEBRUARY 29, 2024

Banking institutions are responding by integrating advanced technologies, particularly artificial intelligence and data analytics, into their lending operations to enhance efficiency and adaptability. Facilitation of embedded lending while ensuring compliance: Embedded finance initiatives must adhere to regulatory requirements.

Trends 221

Trends Industry Analytics Compliance 221

Independent Banker

SEPTEMBER 25, 2014

This is particularly true for community banks preparing to undergo their next regulatory safety and soundness or compliance examination. As David Barr, spokesperson for the FDIC, points out, “a vast majority of community banks remain well-rated and exhibit satisfactory corporate governance programs and compliance management systems.”.

Compliance 101

Compliance Regulation Community Bank Community 101

Abrigo

AUGUST 26, 2024

Takeaway 2 Starting CECL model risk assessments at a high level ensures the focus is on data inputs, assumptions, documentation, and estimates. Understanding how to identify these potential CECL risks is essential for ensuring compliance and accuracy in credit loss estimates. Stay up to date with CECL best practices.

Compliance 195

Compliance Management Regulation Data 195

Abrigo

MAY 19, 2023

They should be knowledgeable of both sound lending practices and their own institution’s specific lending guidelines. In addition, they should be familiar with pertinent laws and regulations affecting credit and lending activities. But what if the minimum expectations are set so high that it discourages wannabe loan reviewers?

Training 195

Training Lending Risk Management Guidelines 195

South State Correspondent

JULY 19, 2023

Derivative Usage An inverted yield curve makes competition challenging for banks that do not use interest rate swaps in conjunction with their lending. Some of those reasons are as follows: The standard derivative documentation is lengthy (45 to 60 pages) and cumbersome (multiple agreements written in dense legalese).

Community Bank 195

Community Bank Community Compliance Marketing 195

Gonzobanker

AUGUST 17, 2022

Lending Tech With Almost Steady Grades (Even With Rough Semesters). Mortgage services provider ICE acquired mortgage services provider Black Knight bringing together the two largest providers in the space.

Fintech 171

Fintech Lending Software Compliance 171

Abrigo

OCTOBER 23, 2014

But shareholders also expect profitability and growth, while keeping costs, especially those related to regulatory compliance, down. The regulatory compliance aspect is critical, CEIS notes. Examples include the loan sample, consumer loan portfolio and documentation review. First, independence and objectivity are critical.

Risk Management 186

Risk Management Management Lending Resources 186

Abrigo

MAY 30, 2023

But compliance deadlines are tiered. Final rule Effective dates & compliance dates for rule 1071 As they do with any new requirement, financial institutions want to know when the CFPB 1071 rule is effective and when they must begin collecting and reporting data on their small business lending activities.

Compliance 195

Compliance Lending Data Regulation 195

Abrigo

MARCH 14, 2022

Adequate loan administration software will allow an organization to access the hundreds of thousands of documents that some banks have on file. The time it takes to produce these documents is also essential to consider. On-demand reporting for exception, covenant, and document tracking. Data security.

Software 195

Software System Policies Data 195

Abrigo

JANUARY 24, 2021

The updated SBA Form 3508S , intended by lawmakers to be used by most PPP borrowers of $150,000 or less for first or second draw loans, doesn’t require borrowers to show calculations or submit documentation like the other forms (SBA Form 3508EZ and SBA Form 3508, which were also updated). CRE Lending. Lending & Credit Risk.

Lending 195

Lending Risk Management Management Payments 195

Accenture

MAY 7, 2019

Research suggests 12 percent of companies changed banks as a result of KYC issues and, on average, European banks spend $20 billion per year on KYC and anti-money-laundering regulatory compliance , for seemingly limited impact. Tips to combine customer experience with regulatory compliance.

Customer Experience 225

Customer Experience Online Millennials social media 225

Abrigo

FEBRUARY 16, 2024

It's about ensuring that every aspect of your lending operation is optimized for efficiency and effectiveness. Customize documentation : Avoid a one-size-fits-all approach to documentation when it comes to the underwriting process. Clearly defined policies and procedures can help avoid confusion and streamline credit operations.

Training 195

Training Risk Management Analysis Policies 195

Abrigo

DECEMBER 2, 2021

In a competitive lending environment, many banks and credit unions are concerned about losing good-quality loans if they over-price them. It's "business as usual" as far as expectations for compliance staff to remain alert for illicit financial activity. Lending & Credit Risk. Consumer Lending. Streamline loan review.

Conference 195

Conference San Antonio Lending Fraud 195

Abrigo

MAY 14, 2021

Compliance and Decision-making. Distinct risk management processes can be both effective for satisfying compliance requirements and helpful for strategic decision making. Bankers can avoid "Frankenstein" dashboards with reports from different systems, and documentation is consistent for audit and exam time. CRE Lending.

Management 195

Management Risk Management Lending System 195

Abrigo

SEPTEMBER 29, 2022

Essential technology for modern lending and credit departments. Construction loan software is a type of software that banks or other financial institutions use to manage their loans and keep track of all documents and transactions. Instead, they are a specific program for lending institutions and their needs. CRE Lending.

Software 195

Software Lending Management Strategy 195

PYMNTS

AUGUST 14, 2018

Changes may soon be coming to the Military Lending Act (MLA), a piece of legislation designed to prevent military service members from getting swept up in deceptive or unfair lending practices. The product causing concern on the auto lending side of things is gap insurance. New Lending Rules .

Lending 100

Lending Regulation Kentucky Utah 100

Abrigo

OCTOBER 14, 2022

Financial institutions wondering at what percent to stress test their real estate portfolios can use the Fed’s DFAST scenario document as a guide for creating boundaries based on where the different agencies think the market is headed. The proposed policy document includes an appendix with loan modification examples broken out by loan types.

Risk Management 195

Risk Management Management Policies Lending 195

South State Correspondent

JANUARY 16, 2024

The documentation was lengthy and complex, the regulatory compliance and reporting was cumbersome, the accounting was tricky, and the overhead cost of launching a hedging program was challenging. No ISDA documents. No additional reporting or regulatory compliance for the lender or the borrower.

Community Bank 195

Community Bank Community Compliance CA 195

Abrigo

DECEMBER 21, 2020

Takeaway 2 The bill will set aside billions for community financial institutions to lend, as well as for loans to businesses in low-income areas. . The bill includes a new “hold harmless” section for lenders that rely on certification or documentation from borrowers for origination or forgiveness applications. SBA Lending.

Lending 195

Lending Community Regulation Maine 195

Abrigo

NOVEMBER 21, 2019

As BSA officers, we have continuous expectations placed on us to be knowledgeable in all aspects pertaining to Bank Secrecy Act/Anti-Money Laundering (BSA/AML) compliance. Continuing education is critical for BSA/AML compliance professionals. It is also time to start thinking about planning and to begin sharpening the ax for next year.

Compliance 195

Compliance Training Fraud US 195