Document Risk Management Taxes 
Abrigo
OCTOBER 14, 2014
When it comes to the risk management process, there is no one-size-fits-all approach. “It is as much an art as a science,” says Tim McPeak, risk management consultant at Sageworks. Other common manual errors include double counting income and debt-service and excluding necessary tax forms.
Abrigo
DECEMBER 18, 2023
Bankers should examine warning signs and shore up defenses for existing income-producing CRE loans as part of commercial property loan risk management. But understanding trends in their own portfolios and local markets can allow lenders to identify risk-appropriate CRE credits.
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Abrigo
OCTOBER 21, 2024
Priority actions Important steps for managing a problem loan The following actions should be the priority of the team or individual that will be managing this new problem loan. Read and review every document in full. Outline any missing documentation or financials as required by the loan documents.
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 manual tax-data entry. Stop laboring through risk ratings.
Abrigo
MAY 1, 2020
Guidance for other employers in general on documentation for forgiveness isn’t spelled out specifically. However, the American Institute of CPAs recently published recommendations for PPP loan forgiveness documentation aimed at driving consistency among lenders and reducing borrower confusion. 15 through June 30, 2019, or b) Jan.
Abrigo
JANUARY 7, 2021
Borrowers of less than $150,000 don’t have to provide documentation of this when they apply, but they must either provide it during the application, during the forgiveness application, or on SBA’s request. Relevant tax forms, quarterly financial statements, or bank statements are acceptable documentation. March 31 deadline.
Abrigo
DECEMBER 3, 2015
Building Blocks for Effective Loan Portfolio Stress Testing – In this webinar, John Behringer, a partner at RSM US, covered regulatory expectations for stress testing policies and procedures, critical data points for stress testing and how to use stress test results to better manage credit risk.
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