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Understanding broad market trends and the specific forces affecting bank and credit union portfolios can guide institutions decisions while helping them prepare for examiner scrutiny of CRE risk , according to a recent Abrigo webinar, Being strategic with your CRE. We can help you set up stress testing that's right for your loan portfolio.
In their recent webinar, The ROI on Transforming Credit and Lending Customer Outreach , Perficient’s Byron Gifford and Scott Albahary discussed tried and true debt collecting methods, why they’re important, and how financial services institutions can implement these tactics into their debt collection practices.
Automating the key steps that often occur in the back office leads to faster decisions, stronger customer or member relationships, and more profitable lending to small businesses. This article covers these key topics: Cultivating fertile ground for small business lending Do large lenders have an advantage in small business lending?
Bank and credit union leaders can use data to inform small business lending Small businesses are showing resilience. As rates stay high, concerns about credit risk and borrower health are top of mind for bank and credit union leaders, especially as it relates to lending to small businesses. Interest coverage ratios have stayed strong.
Speaker: Ren Hayhurst, Sr. Counsel and Executive Director
Immerse yourself in the world of C&I lending as we explore the unique challenges to the market. Experience our game-changing C&IDocs™ demo, showcasing cutting-edge solutions tailored to the C&I lending industry. Join us now and unlock actionable strategies to navigate today's C&I lending landscape successfully.
Understand and meet borrower expectations For community financial institutions (CFIs), small business lending presents both a challenge and an opportunity. In a recent webinar , Abrigo Consultant Kent Kirby highlighted key ways CFIs can enhance their loan decisioning processes to better serve small businesses.
The latest CRA framework categorizes banks (CRA requirements are not extended to credit unions) into three tiers based on asset size, with differing compliance requirements: Small banks (assets under $600 million) Can opt-in to the new CRA tests or remain on a streamlined lending test that focuses on retail activities.
For example, if cattle lending occurs across four markets, reviewing it holistically requires manual effort just to piece together a universe from which to draw a sample. For the first time, we could evaluate lending segments independently of the bank's organization. Adapt your credit analysis processes to address economic volatility.
Visualize your data, access benchmarks, and streamline reporting learn more talk with an expert Webinar Commercial Lending Credit Risk Management Lending & Credit Risk When good loans go bad: Managing problem and distressed loans Learn More Webinar Commercial LendingLending & Credit Risk Small Business Lending Answering your top CFPB 1071 (..)
With this webinar, gain exceptional insights from industry leaders, each with vast experience and expertise in commercial lending. Explore the nuances of maintaining a consistent lending approach amidst varying state-specific regulations, economic landscapes, and borrower demographics.
And while the project doesnt directly apply to traditional lending portfolios, it nevertheless offers useful insight for community banks and credit unions. Implications for community financial institutions The proposed changes are narrowly targeted and not directly applicable to traditional lending portfolios. We can help.
Abrigo's most popular whitepapers and checklists on lending and credit risk Abrigo experts' insights on CFPB 1071, loan policies, and risk ratings were popular with banking professionals. You might also like this webinar, "Unraveling risk rating: Making sense of your best early warning tool." Here are the top resources.
Key Takeaways Financial institutions who want to maintain a healthy share of business lending this year and through potentially tougher economic times ahead want to be in the best position possible before trouble hits. Abrigo's Business Lending Readiness Survey found many processes stymie those efforts. learn more.
One example: a $400 million-plus bank serving customers and businesses in western Ohio and through its specialty lines of business nationwide began a project to optimize its use of Abrigos Sageworks lending and credit solutions. Find out how Abrigo helps optimize lending with small business loan origination software.
Speaker: Ryan McInerny, CAMS, FRM, MSBA - Principal, Product Strategy
With 20% of Americans owning cryptocurrencies, speaking "fluent crypto" in the financial sector ensures you are prepared to discuss growth and risk management strategies when the topic arises.
The Federal Reserve System, through its Consumer Compliance Outlook platform, recently hosted its annual Fair Lending Interagency Webinar. During the session, a variety of fair lending topics were discussed, including redlining, appraisal bias, and Special Purpose Credit Programs (SPCPs),
Recent data and trends of the small business lending market SMB Lending Insights is a snapshot of current financial trends and metrics that impact small and medium-sized business (SMB) lending and financial institutions. You might also like this guide for smarter, faster small business lending.
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. As a result, many banks are moving back into commercial real estate lending and borrowers are presented with more options. According to Forbes , U.S. According to Forbes , U.S.
Develop an MBL program while mitigating risk Credit unions looking for alternate paths to growth in today's rising rate environment may be primed to leverage member business lending. You might also like this upcoming webinar, "Relationship banking: 7 Keys to extraordinary results."
As the nation’s traditional financial institutions struggle to cope, alternative lending platforms and other B2B FinTechs are exploring how to put their own technologies to good use. Small businesses, meanwhile, can use the platform to apply online as fewer physical bank branches are available. Funding Circle. Wolters Kluwer.
Boost your small business lending efforts from the bottom up Small businesses play a crucial role in our economy, and one of the critical factors in their success is access to funding. You might also like this guide for smarter, faster small business lending.
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.
Jay Blandford is Chief Executive Officer of Abrigo, a leading provider of risk management, financial crime prevention, and lending software and services that help more than 2,500 U.S. Keep fighting the good fight—because your work matters more than ever. financial institutions manage risk and drive growth in a rapidly changing world.
You might like the on-demand webinar, "Credit presentations: Developing a high-quality credit memo." Templates and frameworks can help, but as Kent Kirby, a retired Chief Credit Officer and senior advisor at Abrigo, pointed out during a recent webinar , too often memos are either too dense or too sparse.
How construction administration units mitigate construction lending risk Construction lending involves unique risks and requires specialized processes. You might also like this webinar, "How to manage a high-performing construction loan portfolio." Takeaway 2 Construction lending risk is unique.
Strong demand is a factor in the ag lending outlook ahead Ag lenders can begin taking steps to ensure they are prepared and can provide positive customer or member experiences. You might also like this webinar, "How to Position Yourself for High-Yielding Ag Loan Growth." The outlook for ag lending has its share of uncertainty.
How financial institutions deal with problem loans Problem loans are a natural outcome of the risks banks and credit unions take when lending, and they should be expected over the long run during the ups and downs of the business cycle. You might also like this webinar, "When good loans go bad: Managing problem and distressed loans."
Develop better ag lending workflows before demand picks up. A better ag lending process makes applying smoother for borrowers and can allow efficient ag loan growth without adding a lot of staff. You might also like this webinar, "Position yourself for high-yielding ag loan growth." Get ready for ag lending growth.
Automating SMB and commercial lending elevates your customer's experience From making it easier to apply to speeding up loan closings, automation can helps make business lending customers and staff happier. You might also like this on-demand webinar, "Strategies to grow your commercial loan portfolio." Digital lending.
Ready to catch the next wave of lending growth? Commercial and industrial lending (C&I) will be the next big performance driver for banks and credit unions. You might also like this paper on how institutions can produce smarter, faster lending. C&I lending will be the next “bomb.”
Our experienced advisors lead extensive BSA training for all departments including teller groups, lending staff, and the board of directors. Abrigo Advisory: A helping hand Abrigo’s Advisory Services team can help establish a culture of compliance by hosting in-person or remote training for your staff.
Key Takeaways Commercial real estate lending will be a top focus for many financial institutions in 2020. To learn more about how to face increasing competition and an uncertain economic environment, join the webinar, “ Navigating the CRE Landscape: Leveraging Your Portfolio for Growth in 2020.”. CRE Lending. Learn more.
You might also like this webinar, "How to manage a high-performing construction loan portfolio." Construction lending from the ground up. During a recent construction lendingwebinar , lending and credit risk expert Dev Strischek of Devon Risk Advisory Group outlined the keys to construction loan success.
Now, many of the nearly 5,500 SBA-approved lenders that are participating in the PPP are weighing the option of leveraging that technology to continue to provide SBA lending after PPP. Leveraging tech for SBA lending after PPP. Or, they might wonder whether it’s too late to start 7(a) lending if they’ve never done it before the PPP.
By leveraging their strengths in relationship lending and their access to technology in order to grow the small business loan portfolio profitably. CFIs are poised to regain the small business lending market Community Financial Institutions can leverage technology to improve customer experience and regain the small business lending market.
“Regulators could not be more clear on what they are looking at,” said Susan Sharbel, Senior Consultant at Abrigo Advisory Services, during a recent webinar on controlling interest rate risk and liquidity challenges. Learn more in this webinar , "ALCO playbook: Managing liquidity & performance amid rate cuts."
Key Takeaways The Federal Reserve recently unveiled a new loan-purchase program, the Main Street Lending Program (MSLP) Unlike the PPP, loans provided under the MSLP are not eligible for loan forgiveness Community financial institutions play an important role in the MSLP. Lending & Credit Risk. bank holding companies, and U.S.
Great Southern Bank is using lending technology from the cloud banking vendor nCino to increase efficiency for commercial and retail loan officers. “We But […].
The first is to complete loan data file transfers in XML format, either through a system such as the Sageworks SBA Lending Software , or from a bank’s proprietary system to the SBA’s E-Tran database. Lending & Credit Risk. SBA Lending. Breaking Down SBA Lending: What is E-Tran? Lending & Credit Risk.
Loan Decisioning Allows Small Business Lending to Grow Community financial institutions can leverage automated loan underwriting to increase small business lending and achieve consistency. . Takeaway 2 Loan decisioning allows institutions to efficiently allocate credit analysts’ time for profitable small business lending.
Have we changed our lending practices (new products, risk appetite)? Ask yourself: Are economic conditions improving or deteriorating (GDP growth, unemployment, inflation)? Have there been any major industry shifts that could impact our borrowers? Speak with one of our CECL experts today.
Now, many of the nearly 5,500 SBA-approved lenders that are participating in the PPP are weighing the option of leveraging that technology to continue to provide SBA lending after PPP. Leveraging tech for SBA lending after PPP. Or, they might wonder whether it’s too late to start 7(a) lending if they’ve never done it before the PPP.
Stand-ou t bank business strateg ies for lending success These bank business strategies will help you market, target, add value to your lending services and build lasting relationships with your borrowers. Lending is a competitive and challenging industry, requiring constant innovation to attract and retain customers.
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