Abrigo

What is a Loan Origination System (LOS)?

Abrigo

What an LOS Is, and How It Benefits CFIs A loan origination system automates and manages the lending process to address common challenges. You might also like this report on commercial loan automation systems DOWNLOAD.

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AML Act of 2020: Key Steps to Take Now for BSA Readiness

Abrigo

Anti-Money Laundering Act of 2020 BSA professionals should prepare for changes as new regulations and guidance from FinCEN unfold. Want more BSA readiness articles sent to your inbox?

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FATF Updates Grey List: What Does This Mean for Your BSA Program?

Abrigo

The Financial Action Task Force Updated Their List of Countries Under Increased Monitoring The FATF sets the standards for international adherence to BSA/AML programs and highlights deficiencies. . Would you like other articles like this in your inbox?

Trepp’s Review and Outlook on Commercial Real Estate Market

Abrigo

Key Takeaways Trepp's head of Commercial Real Estate Finance outlined the current CRE market and looked at the future of CRE during Abrigo's recent ThinkBIG conference. The overall CMBS delinquency rate in September declined from a near peak rate earlier this year.

Realizing the Benefits of Automated Machine Learning

How are organizations using machine learning and artificial intelligence (AI) to derive business value? Renowned author and professor Tom Davenport explains the rise of automated machine learning, its benefits, and success stories from businesses that are already using it.

FinCEN Releases Notice Related to Trade in Antiquities and Art

Abrigo

Notice provides information about illicit finance risks related to trade in antiquities and art Many financial institutions, particularly those without an international footprint, are not familiar with these channels of money laundering. Would you like other articles like this in your inbox?

Commercial Credit Analysis 101: Back to Basics

Abrigo

The basics of commercial credit analysis Learn the foundations of credit analysis, including key data analysis strategies and best practices. . For more information on the basics of credit analysis, check out this webinar: WATCH NOW.

SBA’s PPP Temporarily Closing to Firms With 20+ Employees

Abrigo

PPP Limits Applications to Small Firms Starting Feb. 26 for 14 Days. The goal is to reach the smallest and neediest firms, according to the SBA and Biden White House. Would you like others articles like this in your inbox? Takeaway 1 Starting Feb.

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Countdown to CECL: A Timeline for Community Banks

Abrigo

Preparing for 2023 While community banks have until 2023 until they must comply with CECL, there is likely less time than expected. . 2023 CECL Deadline? Steps to Take This Year WATCH Webinar. Takeaway 1 "Analysis paralysis" and the pandemic have put CECL on the backburner for many CFIs.

First Draw PPP Loan Increases: 5 Borrowers Who May Be Eligible

Abrigo

Qualifying for PPP Loan Increases Only certain borrowers may apply for more money tied to an earlier PPP loan. Beyond PPP: Use the momentum to grow your institution read the whitepaper. Takeaway 1 The PPP this round has more options for borrowers to request an increase.

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The Best Sales Forecasting Models for Weathering Your Goals

Every sales forecasting model has a different strength and predictability method. It’s recommended to test out which one is best for your team. This way, you’ll be able to further enhance – and optimize – your newly-developed pipeline. Your future sales forecast? Sunny skies (and success) are just ahead!

How Diversified Revenue Streams Impact Ag Borrowers

Abrigo

Diversifying revenue streams With the recent impacts of COVID-19, ag and financial partners alike are turning their attention to diversified income streams for financial stability. You might also like this webinar, How the 2021 Roadmap for Producers will Influence Ag Lending. WATCH .

PPP Headaches: As Anti-Fraud Efforts Continue, Borrowers & Lenders Face Challenges

Abrigo

Moves to validate applicants create complaints The SBA is urging patience as it works to assist lenders with resolving "holds" on applications. You might also like this webinar: "Detecting PPP Fraud: Optimizing Your AML Solution". register.

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Detecting Human Trafficking During COVID-19

Abrigo

January is Human Trafficking Awareness Month. The pandemic has fueled many of the risk factors for becoming a target for human traffickers. You might also like this webinar on human trafficking and major events. DOWNLOAD/WATCH.

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5 Reasons Your Financial Institution Should Attend ThinkBIG 2021

Abrigo

Why Attend ThinkBIG 2021? With so many conferences to choose from, what sets ThinkBIG apart? See everything ThinkBIG has to offer. learn more . Takeaway 1 ThinkBIG 2021 features in-person and virtual options to accommodate attendees.

How to Choose an AI Vendor

This report explores why it is so challenging to choose an AI vendor and what you should consider as you seek a partner in AI.

Elder Financial Exploitation During a Pandemic: An Issue We Can’t Forget

Abrigo

Key Takeaways Elderly persons are more susceptible to fraud during crises like the coronavirus pandemic. The BBB Senior Medicare Patrol issued a COVID-19 Consumer Tip Sheet to protect potential targets of these scams.

Updated PPP 3508S, EZ Forms, Guidance; New 3508S Not Quite ‘Blanket Forgiveness’

Abrigo

Key Takeaways The SBA has rolled out updated PPP loan forgiveness applications and guidance to incorporate changes from the Economic Aid Act.

Stopping PPP Fraud

Abrigo

How Institutions Can Avoid Fraud Surprises in the Next Round of the PPP BSA and fraud professionals saw a spike in PPP fraud during the first two rounds of funding. How can they be better prepared to prevent fraud in this next round? Would you like others articles like this in your inbox?

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Human Trafficking: Closer to Home Than You Think

Abrigo

Human trafficking is a global problem that affects us all. Often times people think human trafficking only happens in third world countries. This $150 billion industry is closer to home than you might think, but together we can prevent it. .

B2B Pocket Playbook: End-to-End Guide to Sales Enablement

Sales enablement is the strategic process of providing sales teams with the content, guidance, and mentorship needed to engage targeted buyers. It’s all about equipping sales professionals with the tools they need to put their best-selling foot forward. And if sales teams want to continuously sell better -- and faster -- their sales enablement process must have a game-winning strategy. It's time for you to start selling smarter - and hitting your sales number - with the best B2B database in the market. Get started today.

SBA Uses Do Not Pay List to Thwart Further PPP Fraud

Abrigo

High-risk transactions identified To combat PPP fraud, the SBA Office of Inspector General (OIG) has collaborated with the U.S. Department of the Treasury Do Not Pay (DNP) Business Center. . Would you like other articles like this in your inbox?

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CDFIs Kick Off PPP Loan Submissions

Abrigo

Plus what waiting lenders can do The latest round of the Paycheck Protection Program began with a head start for institutions aiding low-income areas.

New PPP 3508 Forgiveness Applications Include ‘EZ’ Form; No Blanket Forgiveness

Abrigo

Key Takeaways New PPP loan forgiveness applications are out from the SBA, including an EZ Form 3508 aimed at streamlining the process. Neither of the new forgiveness application forms nor revised guidance mentioned any kind of “blanket forgiveness” for PPP loans under a certain dollar amount.

I Can’t Connect to E-Tran – What Now?

Abrigo

Key Takeaways Friday's rollout of the PPP program was met with confusion, frustration, and glitches. E-Tran has been the subject of many frustrations. New lenders must follow a two-stage process to set up access to E-Tran.

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MLOps 101: The Foundation for Your AI Strategy

Machine Learning Operations (MLOps) allows organizations to alleviate many of the issues on the path to AI with ROI by providing a technological backbone for managing the machine learning lifecycle through automation and scalability.

How CFIs Can Remain Relationship-Focused in a Digital World

Abrigo

Key Takeaways With more customers leveraging channels like online and mobile banking, community financial institutions are trying to solve how to maintain their hallmark community focus in an increasingly digital world.

FinCEN Offers New Advisory on Human Trafficking

Abrigo

Key Takeaways FinCEN has issued a new advisory in identifying and reporting human trafficking, supplementing its 2014 guidance. In addition to the original 10 red flags in the 2014 guidance, FinCEN identified 10 more indicators FinCEN noted ten behavioral indicators FIs should be aware of.

PPP Lenders Starting to See Payments from SBA

Abrigo

Key Takeaways SBA payments to lenders for forgiven Paycheck Protection Program (PPP) loans are starting to flow.

The Pandemic May Not be Derailing CECL Plans – But Many Institutions Still Risk Serious Delays

Abrigo

2023 CECL adopters vary in transition progress Financial institutions face considerable questions and obstacles in regard to their transition to CECL. You might also like this webinar on CECL in economic downturns. WATCH NOW.

Pressure Points: How to Ensure Your B2B Pipeline Passes Inspection

This eBook highlights best practices for developing a pipeline management process that helps sales leaders and their team C.L.O.S.E (you’ll see what we mean in this eBook) more revenue through data-driven prospecting, stage analysis, and subsequent sales enablement.

Possible Changes in BSA Requirements – Agencies Issue Notice of Proposed Rulemaking

Abrigo

Notice of proposed rulemaking (NPR). Proposed amendments would modify two. BSA rules. The Federal Reserve Board and the Financial Crimes Enforcement Network (FinCEN) (the Agencies) jointly issued a notice of proposed rulemaking (NPR).

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Capital Assessment, Capital Planning Are Critical as Coronavirus Creates Chaos

Abrigo

Key Takeaways Stress tests and capital planning are vital to financial institutions in volatile times like these, when the coronavirus and pressures on the energy sector result in a financial crisis. Regulators will have elevated interest in credit risk and the resulting impact in the months ahead.

PPP Instructions for SBA Forms 3509, 3510 Released on Forgiveness Platform

Abrigo

Key Takeaways The SBA released Paycheck Protection Program (PPP) lender instructions for the Form 3509/3510 Loan Necessity Questionnaire. Lenders will need to manually enter each borrower’s responses to the questionnaire on the SBA Forgiveness Platform.

Ag Lenders: Cultivate Growth with Effective Pricing, Structure

Abrigo

After Turbulent 2020, Ag Lenders Look to 2021 Understanding credit risk in current ag loan portfolios will also be key to ag lenders' solid returns. . You might also like this webinar watch.

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10 Keys to AI Success in 2021

Capitalizing on the incredible potential of AI means having a coherent AI strategy that you can operationalize within your existing processes. Learn how organizations are overcoming hurdles and realizing the enormous rewards that AI can bring to any organization.