Abrigo

OCTOBER 11, 2014

More than 140 bankers and industry experts from over 30 states gathered in Nashville, Tennessee last month for the 3rd annual Risk Management Summit hosted by Sageworks. • How to Justify a Change in Your ALLL • Accounting for Purchased Loans • Documenting Qualitative Factors • Preparing Your ALLL for 2015.

Risk Management 191

Risk Management Management Nashville Leadership 191

Abrigo

FEBRUARY 25, 2025

Each step of back-end loan processingfinancial spreading, risk assessment, document gatheringrequires significant effort just to make incremental progress. Risk rating Manually assigning a risk rating to each application can involve subjectivity, and documenting decisions can be time-consuming. The results?

Lending 195

Lending FDIC Policies Analysis 195

Abrigo

MARCH 31, 2025

Given that a credit memorandum is one of the most critical documents in the life of the loan, it would seem like a straightforward process. The lender needs to put forth an accurate and complete picture of the borrowernot only for the borrowers sake, but also for the financial institutions risk management.

Analysis 195

Analysis Risk Management Management Data 195

Abrigo

OCTOBER 21, 2019

Cybersecurity | 4 minute read Key Takeaways Third-party/vendor risk management is becoming increasingly challenging with more cloud-based providers. On top of initial vendor due diligence, there are ongoing, systematic approaches to managing third-party relationships. . Portfolio Risk & CECL. Cyber Due Diligence.

Risk Management 150

Risk Management Management Lending Fraud 150

Abrigo

OCTOBER 9, 2024

Documentation and support: Regulators expect transparency in the CECL Q factor process. Financial institutions should document the rationale for each Q factor adjustment, including supporting data and evidence. This is particularly important during periods of economic volatility, regulatory change, or significant portfolio shifts.

Risk Management 195

Risk Management Management Compliance Data 195

Abrigo

OCTOBER 23, 2019

In a marketplace where data is shared and distributed at record speeds, third-party or vendor risk management is a challenge for most businesses. Regardless of whether banks manage it internally or outsource it, the regulatory burden lies with the institution. The banking industry is no stranger to this.

Risk Management 150

Risk Management Management Security Lending 150

Abrigo

JULY 25, 2017

In a recent Sageworks webinar Robert Ashbaugh, senior risk management consultant at Sageworks, discusses High Volatility Commercial Real Estate (HVCRE) lending best practices. By focusing on thorough documentation, banks can better defend their loan classifications to examiners. How did we get here?

Risk Management 150

Risk Management Management Capital Lending 150

Gonzobanker

OCTOBER 31, 2024

The FDIC issued a consent order against Discover Bank last year for lacking oversight into third-party risk management and a compliance vendor management program. Vendors should provide required FFIEC documentation without being asked (or begged). Smart leaders use performance scorecards to keep the board informed.

Risk Management 140

Risk Management Management FDIC Software 140

Abrigo

FEBRUARY 12, 2025

Simplify underwriting criteria and eliminate unnecessary documentation. deposits and CDs) Personalized customer relationships Stronger risk management frameworks Resources and relationships through financial education However, many of these advantages are being undermined by slow, outdated lending processes.

Lending 195

Lending Risk Management Community Fintech 195

Abrigo

SEPTEMBER 23, 2014

As banks are increasingly playing a bigger role in commercial real estate lending, it is more important than ever to ensure proper risk management practices. Due to the volatility of CRE concentrations at banks, regulators have released supervisory guidance to ensure sound risk management practices. Blog Bank'

Lending 261

Lending Management Risk Management How To 261

Abrigo

OCTOBER 23, 2014

Second, there must be long-term commitment from senior management to the loan review program, ensuring it is conducted properly and results are used effectively. Examples include the loan sample, consumer loan portfolio and documentation review.

Risk Management 186

Risk Management Management Lending Resources 186

Perficient

APRIL 11, 2023

Here in this blog, we’ll review how financial institutions can avoid having to create and run a client remediation program in the first place by implementing Risk Control Self-Assessment (“RCSA”) techniques. Steps of an RCSA Program Risk professionals generally acknowledge that there are six steps to the RCSA process.

Risk Management 275

Risk Management Tools Management United States 275

PYMNTS

JUNE 17, 2020

And all supplier activities, from new vendor registration and validation to documented audit trails, are visible to the necessary parties, letting companies send reminders when necessary for important business needs.

Risk Management 141

Risk Management Management Policies Compliance 141

Perficient

OCTOBER 12, 2020

Named a leader by IDC for treasury and finance, Kyriba optimizes cash and risk management, payments and working capital strategies through a highly secure Software-as-a-Service platform. New compliance standards from SWIFT now require internal SWIFT domain expertise with annual certifications and annual documentation.

Risk Management 309

Risk Management Fraud Management Compliance 309

Perficient

APRIL 2, 2021

Risk Management. AI may be used to augment risk management and control practices. AI can assist internal audit and independent risk management to increase sample size (such as for testing), evaluate risk, and refer higher-risk issues to human analysts. Textual analysis. Cybersecurity.

Regulation 309

Regulation Industry Risk Management Analysis 309

Abrigo

DECEMBER 10, 2024

The statement provided examples of risk management and other practices that may be effective in combatting this often-underreported crime. It can take many forms, such as misusing or stealing money, coercing an older individual into signing documents, or improperly using conservatorship, guardianship, or power of attorney.

Fraud 195

Fraud Training Software social media 195

Perficient

DECEMBER 1, 2023

Immediately following the Silicon Valley Bank (SVB) failure, Perficient’s Financial Services Risk Management and Regulatory Capabilities Center of Excellence (CoE) swiftly analyzed publicly available documents, providing readers with a comprehensive breakdown of the bank’s failure.

FDIC 221

FDIC Risk Management Regulation Leadership 221

Abrigo

JUNE 18, 2020

In addition, borrowers will be required to submit much of the same supporting documentation for payroll-related expense payments and for non-payroll obligations and expenses connected to the forgiveness application as they would with the longer form. Lending & Credit Risk. Credit Risk Management. SBA Lending.

Lending 293

Lending Strategy Risk Management Compliance 293

Abrigo

MAY 10, 2021

While a financial institution often primarily focuses on securing software to originate business loans, a commercial LOS provides scalability when it offers integrated solutions on one platform to manage all stages of the life of the loan. Without this, staff must engage in back-and-forth emails or phone calls to check the status of a loan.

System 195

System Lending Analysis Software 195

Abrigo

AUGUST 7, 2023

Applying model risk management to CECL What's involved in CECL model validation? Learn what banks, credit unions, and others subject to CECL accounting can expect from this risk management process. Model validation is a crucial aspect of model risk management.

Risk Management 195

Risk Management Handbook Analysis Management 195

Abrigo

MAY 14, 2021

How can financial risk models within the bank or credit union benefit from using the same sheet music? Check out this webinar on Enterprise Risk Management. Takeaway 1 Enterprise Risk Management is a priority for financial institution leaders but still maturing. The Importance of Effective Risk Management.

Management 195

Management Risk Management Lending System 195

Abrigo

JULY 6, 2017

The new MBL rule “takes a more principles-based approach to managing a commercial loan program and allows management to tailor appropriate risk-management practices to suit their individual circumstances.” Having extensive, well-documented risk management procedures is key.

Risk Management 170

Risk Management Lending Policies Management 170

Abrigo

FEBRUARY 16, 2024

Customize documentation : Avoid a one-size-fits-all approach to documentation when it comes to the underwriting process. This will save time by ensuring that staff aren’t adding unnecessary length and detail to low-risk, low-maintenance documents. Talk to a specialist to learn more.

Training 195

Training Risk Management Analysis Policies 195

Abrigo

NOVEMBER 9, 2020

However, effective loan administration solutions or systems will help lenders avoid the most common documentation- and data-related deficiencies found during examinations. Is the financial institution’s loan administration software or system prompting action to be taken where warranted and documenting that action? stay informed.

System 195

System Lending Software Risk Management 195

Perficient

FEBRUARY 4, 2021

It helps in other crucial areas of your organization, such as search engine optimization (SEO) and legal risk management. Identifying and documenting accessibility requirements prior to development hand-off will significantly reduce the number of accessibility errors on a live page. Accessibility Belongs in the Design Phase.

UX 531

UX Guidelines Compliance Study 531

Abrigo

MARCH 10, 2025

Among the suggestions shared with banks and credit unions: Be ready for some CECL-specific questions during audits and exams, and document every allowance decision. Documentation of Q factors is important to auditors, too. said Gordon Dobner, Partner/Audit, FORVIS.

Analysis 195

Analysis Data Management Examples 195

Abrigo

DECEMBER 22, 2023

Read the blog for information that can help lenders avoid risk before the project begins by planning ahead at the closing table. This blog outlines the significance of credit risk ratings and regulatory priorities related to credit grading. Then once PPP was over, some went back to our old manual processes and never looked back.

Lending 221

Lending Risk Management Community Management 221

Abrigo

MARCH 31, 2017

Commercial real estate lending continues to receive regulatory scrutiny and reminders for financial institutions to practice solid risk management. Eberley, director of the FDIC's Division of Risk Management Supervision wrote in the publication. Image credit: Benjamin Child via Unsplash.

FDIC 186

FDIC Risk Management Analysis Lending 186

Abrigo

NOVEMBER 17, 2023

Stop : Driving to pick up bank statements and other supporting documents from a borrower or making repeated phone calls to secure them, and tracking documents needed for loan processing on a spreadsheet one by one as they trickle in. Stop laboring through risk ratings. Generate fully documented ones with one click.

Lending 221

Lending System Software Taxes 221

Abrigo

APRIL 19, 2022

Takeaway 2 The importance of documentation tracking and storage. Minimize institutional risk by tracking, housing and reporting critical loan and financial documentation. . Loan application software can speed up the process by creating a digital experience that makes document management and processing easier.

Lending 195

Lending Software Management System 195

Abrigo

MARCH 31, 2023

Risk focus Three main areas of risk from the NCUA letter The NCUA supervisory priorities emphasized the following regarding increased risk: Interest rate risk (IRR): Examiners will focus on key interest rate risk management and control activities, including reasonable and well-documented assumptions and data sets.

Risk Management 195

Risk Management Policies Capital Maine 195

Abrigo

DECEMBER 14, 2014

The program does require that borrowers meet a minimum credit-score threshold, provide documentation showing income and job status and buy private mortgage insurance as added steps to mitigate risk. This class may have struggled in the past to meet the minimum down payment required for traditional mortgages.

Guidelines 223

Guidelines Payments Lending Capital 223

Abrigo

DECEMBER 29, 2023

Infographic: Digital lending and credit automation — Before and after Originating loans can be a long, frustrating process because it often involves large spreadsheets, data that is repeatedly entered, and constant document collection. To learn more, watch the video below.

Resources 221

Resources Lending Risk Management Policies 221

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.

Management 195

Management Risk Management Policies Lending 195

Abrigo

AUGUST 11, 2020

It's also a good idea to review thoroughly any documentation that lenders plan to submit along with their decisions. Checking documentation for PPP forgiveness decisions. Key Takeaways The SBA's PPP Forgiveness Platform opened to lenders on Aug. The SBA PPP Forgiveness Platform opened Aug.

Lending 195

Lending Risk Management Payments Survey 195

Abrigo

AUGUST 11, 2020

It's also a good idea to review thoroughly any documentation that lenders plan to submit along with their decisions. Checking documentation for PPP forgiveness decisions. Key Takeaways The SBA's PPP Forgiveness Platform opened to lenders on Aug. The SBA PPP Forgiveness Platform opened Aug.

Lending 195

Lending Risk Management Training Analysis 195

Abrigo

SEPTEMBER 28, 2022

They are usually long-term and require a lot of documentation to be submitted to the lender by stakeholders. For example, inspectors can submit documentation on their phones or tablets from the construction site instead of returning to the office to submit it. Software can automate the process of managing construction loans.

Lending 195

Lending Software Customer Experience Management 195