Abrigo

DECEMBER 30, 2019

It is critical for leadership and the Board of Directors to be engaged in all areas of the institution, including compliance with the BSA. This is a must-have risk management concept. Enforcement actions can lead to cease and desist of any mergers or acquisitions, new branches, and in some cases no lending or other growth avenues.

Training 195

Training Compliance Leadership Fraud 195

Abrigo

MARCH 28, 2016

With more competition, institutions are lending in new areas, adjusting underwriting standards and seeking to grow via mergers and acquisitions. A recent article published on the Small Business Finance Institute’s (SBFI) AdviceOnLoan blog highlighted two key areas to better manage credit risk and credit culture: 1.

Training 150

Training System Leadership Analysis 150

Abrigo

SEPTEMBER 16, 2016

As Tim McPeak, an executive risk management consultant at Sageworks, pointed out in a recent webinar , it may seem obvious, but benchmarking your bank against peers on some basic metrics is an important first step in any peer analysis. Another discovery you may have when benchmarking the bank is that the peer group was improperly defined.

Analysis 150

Analysis Leadership Groups Case Study 150

Abrigo

OCTOBER 4, 2016

As the leadership teams at many banks and credit unions perfect plans to grow their loan portfolios, management can depend on several key metrics to measure the effectiveness of their plans and execution. Read part 1 in the series Building your growth plan Key metrics to consider here. Post by Elise Hauser.

Resources 236

Resources Marketing Strategies Strategy Community 236

Abrigo

OCTOBER 11, 2016

While increasing the volume of qualified loan applications is an important component of any growth strategy, leadership at these institutions may not consider that there are ample opportunities already available in their loan application pool. This practice is designed to mitigate risk, but it can also limit lending opportunities.

Analysis 150

Analysis Lending Taxes Software 150

PYMNTS

SEPTEMBER 27, 2019

The firm operates a platform to automate tax and financial management processes for gig workers, sole traders and contractors. Colombian alternative small business lending platform Sempli announced $8 million in funding this week from Oikocredit and Incofin CVSO, according to a press release. said this week.

Payments 149

Payments Capital Taxes Lending 149

Abrigo

JUNE 22, 2017

“You can’t have a strategic process in place without having a meeting of the minds between the board and management in terms of what is your institution’s risk appetite,” says Cooley. About Sageworks Sageworks offers lending, credit risk and portfolio risk software to help commercial lenders lower costs and improve the borrower experience.

Lending 150

Lending Meeting Survey Capital 150

Jeff For Banks

DECEMBER 10, 2023

They provide white label payments and depository services (think Paypal, Chime) and deploy that funding into specialized lending programs such as lending to wealth management firms, commercial fleet leasing, and real estate bridge lending. Jeff Note: I make no investment recommendations in this article or this blog.

Fresno 103

Fresno North Carolina Raleigh FDIC 103

Abrigo

AUGUST 26, 2016

Does senior leadership do a good job of communicating its top priorities? Sageworks Senior Risk Management Consultant Rob Ashbaugh said many financial institutions are focusing on portfolio growth in order to offset the profit-pinching effects of low interest rates and thin margins.

Survey 150

Survey Risk Management Leadership Strategy 150

PopularBank

JUNE 1, 2021

Shifting Portfolio Management and Underwriting Best Practices. In the face of unprecedented disruption, lenders worked quickly to reevaluate both new business and current portfolio management. Identifying Commercial Real Estate Lending Bright Spots. Lending enthusiasm returned to pre-pandemic activity in the first half of 2021.

New York 52

New York New York City Lending Industry 52

CFPB Monitor

MARCH 17, 2022

Consistent with expectations that the CFPB under Director Chopra’s leadership would take an expansive view of its statutory authorities, the CFPB has announced its intention to use its authority to prohibit unfair, deceptive, or abusive acts or practices (UDAAPs) to target discriminatory conduct, even where fair lending laws may not apply.

Policies 78

Policies Analysis Marketing Leadership 78

PopularBank

MAY 25, 2021

The panel was hosted on April 29, 2021 and brought together senior housing lending, legal and environmental experts to discuss unique challenges they faced amid COVID-19 disruption and shaping the industry’s future. Managing fear and disruption in the face of a once-in-a-lifetime pandemic continues to be critical.

National 52

National Industry Lending Strategy 52

FICO

APRIL 3, 2020

They’re scrambling to stay afloat – but with no end in sight, what will this mean for the economy and the credit and lending industry? Congress is currently considering a proposal that would increase a Treasury Department fund, giving the Federal Reserve access to $350+ billion that could be used for emergency lending programs.

Community Bank 52

Community Bank Community Lending social media 52

Jeff For Banks

JULY 28, 2012

Instead, expectations are often trapped between the ears of the supervisor or senior management. Although I am not an HR expert, I am often engaged in discussions with FI senior management teams on what they expect from the person occupying this position. Business Banker Summary of Responsibilities : Relationship management.

Community 66

Community social media Strategy Lending 66

Gonzobanker

DECEMBER 22, 2020

Banks and credit unions had to fundamentally change their delivery, support and relationship management models at scopes and speeds that were unheard of. Financial institutions went from having no PPP lending program at all to funding their first loan in 90 days – and this with literally last-minute regulatory guidance. Remember that?

Idaho 181

Idaho Community Industry Strategy 181

William Mills

APRIL 20, 2017

Seth Wheeler, Managing Director at JPMorgan Chase, posed the question, “Do we build or do we partner?” Tony Garritano from Progress in Lending held an Innovations Awards event at the London House which showcased seven companies in the mortgage industry that are leading the way in compliance, eClosings, appraisals and information management.

blockchain 46

blockchain Detroit Conference Knowledge Base 46

Ublocal

DECEMBER 22, 2021

Vice President, Branch and Business Development Manager : “After more than 27 years in banking it’s good to finally work for a Vermont based bank. My wife also works in Shelburne, managing The Terraces, a retirement community. I reside in Shelburne and have lived here with my wife, Dorothy, for 23 years.

Vermont 52

Vermont Community Charlotte Leadership 52

PopularBank

DECEMBER 11, 2023

Molly Hime, a long-time Division Manager for Popular Association Banking (PAB), a division of Popular Bank , has announced her retirement, effective December 31, 2023. Under her leadership, the team has quadrupled in size and has originated more than $5 Billion in association loans as well as more than $1.6 Billion in deposits. “It

Management 52

Management Florida Community Leadership 52

Jeff For Banks

MARCH 6, 2011

"He''s not ready" is the response I often hear when I ask why a sharp banker is not part of the FIs senior leadership team. If you hire for attitude in the branches, and get a good go-getter with a positive outlook as branch manager, but proceed to pay her minimally with little upside, she will seek promotions out of the branch.

Strategy 71

Strategy Leadership Training Industry 71

Jeff For Banks

APRIL 21, 2012

Since I estimate my Twitter community only reads about 10% of their tweet stream, and so many of my blog readers do not follow Twitter, below are selected quotes that I tweeted so far this year. jfb note: I was impressed that a bank experiencing difficulties would speak about leadership instead of regulators, borrowers, lenders, etc.

Community Bank 71

Community Bank Community Groups Lending 71

Abrigo

SEPTEMBER 14, 2022

You might also like this webinar: "Fortify Your Loan Policy to Effectively Manage Credit Risk." The data is intended to help the CFPB enforce fair lending laws and could also be used by the government and small business lenders to identify the needs of businesses, said Michelle Lucci, Abrigo Regulatory Compliance Manager.

Lending 195

Lending Data Regulation Community 195

Abrigo

OCTOBER 20, 2016

As the leadership at banks and credit unions craft their plans for growth, there are several key metrics they should consider, such as optimizing their lending funnel , developing the right marketing strategy , and ensuring that they are taking advantage of unique opportunities with a robust credit analysis processes.

Software 150

Software Lending Community Bank Taxes 150

Jeff For Banks

DECEMBER 29, 2021

What is unique is, after reviewing the management team and board, there are people of Korean, Malaysian, Indian, and Chinese descent in leadership positions. and equipment lending and asset based lending through Triumph Commercial Finance. Jeff Note: I make no investment recommendations in my blog.

Capital 78

Capital Texas Metro North Carolina 78

PYMNTS

MAY 16, 2016

We feel we owe the team at Lending Club special thanks for getting the week started off with a bang. The hits just kept on coming from there, and Lending Club’s stock price has taken a rather expected beating in subsequent days (as did most other marketplace lenders, who were apparently ruled guilty by association). credit cards).”.

Google 101

Google Data Policies Lending 101

CFPB Monitor

DECEMBER 1, 2016

Accordingly, given the results of the Presidential election, including its potential impact on the CFPB’s leadership, there is likely to be a post-election reevaluation by the CFPB of its agenda. Small business lending data. The preamble indicates that the information in the agenda is current as of October 19, 2016. ”

Regulation 60

Regulation Lending Data Report 60

William Mills

MAY 9, 2018

A TON of really old technology is being used in mortgage lending. Our Actionable Intelligence Management solutions help banks and mortgage companies streamline and automate manual processes, seize new business opportunities and manage compliance, all while transforming the customer experience. Good job AI Foundry! Key Investors.

Security 40

Security Samsung Strategy San Jose 40

CFPB Monitor

JUNE 16, 2021

Specifically, the report examines how the CFPB has (i) managed the reorganization of its Office of Fair Lending and Equal Opportunity and related risks during 2018, (ii) monitored and reported on its fair lending performance, and (iii) used new HMDA data fields to analyze and support its fair lending activities.

Lending 78

Lending Report Data Policies 78

CB Insights

MAY 23, 2019

In January 2018, Outcome settled all pending lawsuits by the company’s investors on the condition that Shah and Agarwal step down from their leadership positions. LendingClub was one of many online lending services founded in the mid-2000s as entrepreneurs eyed the Byzantine financial sector as an area ripe for disruption.

Fraud 78

Fraud Las Vegas Company Video 78

FICO

JANUARY 5, 2023

I suspect Yogi would be disappointed to know that after many years of writing a year-end public policy predictions blog post, I am no longer aware of my batting average. Some BNPL firms already are providing disclosures mandated by the Truth-in-Lending Act. Four 2023 U.S. Policy Predictions for Financial Services Companies. FICO Admin.

Policies 52

Policies Company Regulation Risk Management 52