Loan review – A crucial component of risk management
A recent whitepaper from CEIS Review, Independent Loan Review – An Essential Tool, discusses why banks and credit unions should be sure to conduct regular reviews of their loan portfolio: “the fundamental purpose of the program is to monitor the risk and administration of an institution’s largest financial asset—the loan portfolio—and to make sure that the loan portfolio is staying on course with the direction set forth by senior management and the board”.
The whitepaper defines the four purposes of loan review:
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