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How to document and defend CECL qualitative factors

Abrigo

Document and be able to defend qualitative factors under CECL Financial institutions need to be able to explain and show how they developed Q factors for their allowance for credit losses. But documenting and defending Q factors doesnt have to be a guessing game. Why is documenting Q factors so important?

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Industries Document Generation

Perficient

Every company needs documents for its processes, information, contracts, proposals, quotes, reports, non-disclosure agreements, service agreements, and for various other purposes. Document creation and management is a crucial part of their operations. What is Industries Document Generation? How to generate documents?

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Benefits of Leveraging Technology for Document Preparation

Abrigo

Financial institutions are looking for a solution to increase efficiency, decrease risk, and provide complete, defensible documentation for loan types. Document preparation solutions, like Fusion LaserPro, help financial institutions to automate data entry, save time, and reduce errors. Learn more.

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How ServiceNow Financial Services Operations (FSO) is Revolutionizing the Financial Industry

Perficient

Vendors were evaluated against 25 categories of current offering, strategy, and market presence, which aligned ServiceNow to meeting enterprise needs. Also, this includes an automated workflow that routes cases across various departmental functions, such as loan, document, and credit assessment departments.

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How to Choose the Best Automated Documentation System for Commercial Loans

The ability to efficiently and accurately process these loans is the key to surviving and dominating a competitive market. That is why we have put together a checklist to help you evaluate potential partners and find the best-automated documentation system for your requirements and needs.

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Should Your Bank Adopt a Loan Hedging Program?

South State Correspondent

With the current flat or slightly inverted yield curve, plus the current volatility of the market, borrowers have a pricing advantage to lock in long-term, fixed-rate loans, leaving lenders with the interest rate risk without appropriate compensation. No line lender wants to explain ISDA documents to the average client.

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How to Use AI and NLG to Write Marketing Content

Perficient

Back in 2017, Julia McCoy at the Content Marketing Institute, wrote about Content Creation Robots and cited examples from the Washington Post and Associated Press. News organizations saw the enormous potential benefit and have been actively using AI technology to generate content quickly and efficiently. The output isn’t perfect.

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Next-Gen Loan Document Automation in Private Lending

Time is crucial, and leading private lenders are taking the necessary steps to secure their market share before it's too late. This expanded market, once dominated by banks, now provides an opportune environment for private lenders to establish cutting-edge automation workflows to meet the abundant demand of borrowers seeking financing.

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A Comprehensive Guide to Construction Loan Issues for the Commercial Loan Market

This guide will review current construction loan issues of interest in the commercial loan market, such as: The current demand for new construction of housing developments, apartments, retail properties, and self-storage facilities. Construction loan documentation protections for lenders. Items of concern for construction lenders.

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What Lenders Need To Know: Increase of Standardized Loan Rejections

As the CRE market continues to tighten, the rejection of substandard loan documentation is on the rise. As lenders work to accelerate loan documentation to meet demand, they are often dealing with substandard automated loan documentation, which runs the risk of having loan documents challenged.

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The Non-QM Market Experiences a Remarkable Comeback: Check Out the Industry Guide

As the commercial lending market continues to evolve, non-QM loans are becoming an increasingly popular offering among lenders looking to create new revenue streams. While lenders took a hit during the pandemic, the housing shortage is driving more investors to seek out non-conventional loans in order to meet demand.

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The Lender's Guide to Automating Complex Loans

This comprehensive guide provides commercial lenders with key insights into automating small-balance, mid-market, and large-cap loan documentation with advanced technology. Check out the guide and get your custom ROI!

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Transforming Non-Performing Assets With Loan Modification Automation

Shifts in the market, combined with over a trillion dollars in commercial loans maturing in 2023, intensify the need for automated documentation solutions. Loan modification automation empowers lenders with advanced technology to handle a high volume of loans when needed most.

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New York Lien Law Essentials: 5 Key Facts for Commercial Lenders

In this detailed guide, we explore the critical formalities necessary for lenders navigating ground-up construction and fix-and-flip projects in the New York market. From documentation requirements to the implications of non-compliance, learn how to safeguard your lending position and prioritize legal adherence.

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5 Things Lenders Need to Know About Portfolio Loans & Their Documentation

Discover the key benefits of portfolio loans and learn how to streamline your lending process with our infographic, "5 Things Lenders Need to Know About Portfolio Loans & Their Documentation." Learn how innovative technology can automate portfolio loan documentation, ensuring efficiency and compliance.