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

Abrigo

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. Lending & Credit Risk. Portfolio Risk & CECL. Lending & Credit Risk.

System 195
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Formula for Business Lending Success: Minimize Delays

Abrigo

They are routinely experiencing processes that add costs, delay turnaround times, and can lead to inconsistency in pricing and risk management. Many community bankers expect a recession will start by at least mid-2021, according to the most recent Community Bank Sentiment Index. 21, 2019 – Jan.

Lending 243
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Getting Stimulus Payments To Consumers; Lessons From Round One

PYMNTS

It’s important to solve for risk management and the rails (and the fact, too, that multiple agencies have been involved, such as the Bureau of Fiscal Services). There's very good technology and tools to manage fraud, but the best tools are digital and online.". Said Edwards: "The payments industry is very robust.

Payments 183
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Conducting an exam-proof AML/CFT risk assessment for credit unions

Abrigo

Step two Identify inherent risk vs. residual risk Inherent risk is any activity or factor posed to the credit union, notwithstanding applying any management or risk mitigation tools. This example is a situation with a "high" inherent risk and "strong" mitigating controls.

Fraud 195
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Community Bank CEO Outlook 2022: Your priorities for the new year

Independent Banker

If 2020 was the year no one expected, 2021 was a year of resetting expectations. Between a smoldering pandemic, the divisive political landscape and strong, albeit uneven, growth, there was a lot to account for in 2021, and some uncertainty remains. Illustration By blindSALIDA. What changes will 2022 bring? Click to enlarge.

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The math behind small business lending: Problems & possibilities for banks & credit unions

Abrigo

Takeaway 2 Several small business lending processes can tax both borrowers and staff. Takeaway 3 Depository lenders are enhancing their lending procedures and technologies to meet institution risk and return requirements as they grow. Online fintech lenders and merchant cash advance providers are also making up ground.

Lending 244
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The math behind small business lending: Problems & possibilities for banks & credit unions

Abrigo

Takeaway 2 Several small business lending processes can tax both borrowers and staff. Takeaway 3 Depository lenders are enhancing their lending procedures and technologies to meet institution risk and return requirements as they grow. Online fintech lenders and merchant cash advance providers are also making up ground.

Lending 195