Remove Lending Remove Reference Remove Security Remove Taxes
article thumbnail

What Basic Functions Should My Loan Origination System (LOS) Perform?

Abrigo

Takeaway 3 Aite Group assessed client references to evaluate vendors of loan origination systems and important features. Basic functions of a loan origination system When evaluating a loan origination system, lenders are rightly concerned with three major areas: the customer or member experience sound lending practices efficiency.

System 195
article thumbnail

Food for Thought: A Policy on Credit Exceptions

Abrigo

unsecured lending is bad rather than unsecured lending should only be extended to high pass risk rated credit). and property tax payments. The following is an example of how I would address the structural exception of non-recourse lending. These circumstances are recognized and are not considered exceptions.

Policies 195
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

FATF Releases New Guidance on Key AML/CTF Concerns

Abrigo

While many of these extremists (also referred to as extreme right-wing (ERW) terrorism) are loan wolves, it is understood that there are also small to medium sized organizations, some transnational. The report shines a light on corruption, tax fraud, drug trafficking, and labor trafficking as being linked to environmental crime.

Training 195
article thumbnail

2023 Fraud trends: What banks and credit unions can expect

Abrigo

A worsening economy can exacerbate conditions that experts refer to as the fraud triangle fundamentals—pressure, opportunity, and rationalization. The advance payment may be described as a fee, tax, commission, or incidental expense that will be repaid later. Lending & Credit Risk. Financial Cybersecurity. Fraud Prevention.

Fraud 195
article thumbnail

7 essential financial tips to consider in your 30s

Qudos Bank

However, some changes require financial security which can empower you to take considered risks, to help you get ahead. These are classed as employer super contributions and are taxed at a maximum rate of 15% 2 - which means it may be beneficial, tax-wise, to salary sacrifice part of your wage or salary.

Taxes 52
article thumbnail

KYB, Shell Companies And Pot Payments Gone Rogue

PYMNTS

The most rigorous due diligence is done during the onboarding stage,” Cohen said, referring to the creation of new merchant accounts. For one, the technology is generally advanced enough to provide robust and monitoring of situations that lend themselves to fraud and other related forms of digital criminality, he said.

Company 163
article thumbnail

Planning Ahead: Preparing to Apply for Your SBA Loan

FirstInternet

An influx of capital can allow greater expansion, secure new real estate for building or finance an upgrade of equipment. State/Federal tax returns : Both your personal and business tax returns for the last 3 years will be required. There are many reasons to consider a Small Business Administration (SBA) Ioan. Need a lender?

Taxes 98