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5 Common Lending Challenges and How Lending Software Can Help

Abrigo

Credit and Lending Software Overcome Common Lending Problems Banks and credit unions that leverage an integrated lending and credit platform reap the benefits of a consistent, efficient and defensible lending program. Lending and Credit Software. Would you like other articles like this in your inbox?

Lending 195
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GAO issues report on OCC fair lending oversight

CFPB Monitor

In response to a request from three Democratic House members, the GAO recently issued a report on its review of fair lending oversight conducted by the Office of the Comptroller of the Currency. These changes contributed to fewer annual fair lending examinations and deficiency findings leading to matters requiring attention at smaller banks.

Lending 78
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Important Considerations When Growing the CRE Portfolio

Abrigo

In a survey of community banks and credit unions at the 2016 Sageworks Risk Management Summit, 42 percent of respondents said Commercial Real Estate, or CRE, lending was their primary focus for loan portfolio growth. For many, commercial real estate lending may be the ticket. This reflects a larger industry trend.

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5 common lending challenges and how software can help

Abrigo

Missing, stale or improperly executed documents can, as the OCC Comptroller’s Handbook on Loan Portfolio Management states, “exacerbate problem loans and seriously hamper work-out efforts.” Here again, an automated, centralized system that allows for the creation of ticklers and exception reporting is invaluable.

Software 150
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How much should you segment FAS 5 (ASC 450-20) pools?

Abrigo

Institutions can gain more insight into sub-segmented performance, conduct more sophisticated loss methodologies such as migration analysis and can make better-informed lending decisions over time. ” The ability to adequately meet ALLL, stress testing and other risk management requirements relies upon sound segmentation practices.

Handbook 150
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How to Write a Social Media Policy for Your Financial Institution

Long Lasting Ideas

Form a Committee – Social media is not just a marketing communications tool, and the policy needs to address several areas that should include representation from marketing, compliance, human resources and upper management. Select and Prioritize – The specifics in your policy will align with your institution’s culture and values.