Document and Risk Management - Community Banking Brief

CRE risk management: Navigating hazards and opportunities

Abrigo

DECEMBER 18, 2023

Bankers should examine warning signs and shore up defenses for existing income-producing CRE loans as part of commercial property loan risk management. But understanding trends in their own portfolios and local markets can allow lenders to identify risk-appropriate CRE credits.

Risk Management

Risk Management Management Lending Capital

Best practices for credit risk management in uncertain times

Abrigo

OCTOBER 14, 2022

Fortify your credit risk management framework How to prepare your organization for scrutiny of its credit risk management practices during your next exam or review. . You might also like this whitepaper, "Stress Testing: Managing Capital Levels and Credit Risk." Have a playbook.

Risk Management

Risk Management Management Policies Lending

Model Risk Management: Regulatory Priorities and Best Practices

Abrigo

MAY 20, 2022

Meet Model Risk Management Expectations Updates to the FDIC Risk Management Manual should steer institutions toward a model that manages risk and drives growth. Takeaway 1 Aside from meeting examiner expectations, proper model risk management can protect your institution from unnecessary risk. .

Risk Management

Risk Management Management FDIC Meeting

Webinars

Elevating Accounting Practices: The Power of Outsourcing and Automation in the Digital Age

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Cyber Complications for Vendor Risk Management

Abrigo

OCTOBER 21, 2019

Cybersecurity | 4 minute read Key Takeaways Third-party/vendor risk management is becoming increasingly challenging with more cloud-based providers. On top of initial vendor due diligence, there are ongoing, systematic approaches to managing third-party relationships. . Portfolio Risk & CECL. Cyber Due Diligence.

Risk Management

Risk Management Management Lending Fraud

Cyber Complications for Vendor Risk Management

Abrigo

OCTOBER 23, 2019

In a marketplace where data is shared and distributed at record speeds, third-party or vendor risk management is a challenge for most businesses. Regardless of whether banks manage it internally or outsource it, the regulatory burden lies with the institution. The banking industry is no stranger to this.

Risk Management

Risk Management Management Security Lending

Combating inconsistency in risk management

Abrigo

OCTOBER 14, 2014

When it comes to the risk management process, there is no one-size-fits-all approach. “It is as much an art as a science,” says Tim McPeak, risk management consultant at Sageworks. Technology is another methodology to improve consistency, and can be particularly helpful for entering data and documenting loans.

Risk Management

Risk Management Management Taxes Analysis

3rd annual Risk Management Summit proves “valuable” and “insightful”

Abrigo

OCTOBER 11, 2014

More than 140 bankers and industry experts from over 30 states gathered in Nashville, Tennessee last month for the 3rd annual Risk Management Summit hosted by Sageworks. • How to Justify a Change in Your ALLL • Accounting for Purchased Loans • Documenting Qualitative Factors • Preparing Your ALLL for 2015.

Risk Management

Risk Management Management Nashville Leadership

Get your ducks in a row: HVCRE risk management

Abrigo

JULY 25, 2017

In a recent Sageworks webinar Robert Ashbaugh, senior risk management consultant at Sageworks, discusses High Volatility Commercial Real Estate (HVCRE) lending best practices. By focusing on thorough documentation, banks can better defend their loan classifications to examiners. How did we get here?

Risk Management

Risk Management Management Capital Lending

Avoiding Client Remediation With RCSA (Part 3 of 3)

Perficient

APRIL 11, 2023

Here in this blog, we’ll review how financial institutions can avoid having to create and run a client remediation program in the first place by implementing Risk Control Self-Assessment (“RCSA”) techniques. Steps of an RCSA Program Risk professionals generally acknowledge that there are six steps to the RCSA process.

Risk Management

Risk Management Tools Exercises United States

Esker Adds More Visibility, Risk Management To Supplier Solution

PYMNTS

JUNE 17, 2020

And all supplier activities, from new vendor registration and validation to documented audit trails, are visible to the necessary parties, letting companies send reminders when necessary for important business needs.

Risk Management

Risk Management Management Policies Compliance

Credit administration department housekeeping: Practical steps for improvement

Abrigo

FEBRUARY 16, 2024

Customize documentation : Avoid a one-size-fits-all approach to documentation when it comes to the underwriting process. This will save time by ensuring that staff aren’t adding unnecessary length and detail to low-risk, low-maintenance documents. Talk to a specialist to learn more.

Training

Training Risk Management Analysis Policies

Decoding SVB’s Failure & FDIC’s Special Assessment

Perficient

DECEMBER 1, 2023

Immediately following the Silicon Valley Bank (SVB) failure, Perficient’s Financial Services Risk Management and Regulatory Capabilities Center of Excellence (CoE) swiftly analyzed publicly available documents, providing readers with a comprehensive breakdown of the bank’s failure.

FDIC

FDIC Risk Management Regulation Leadership

Effective CECL model validation: A framework

Abrigo

AUGUST 7, 2023

Applying model risk management to CECL What's involved in CECL model validation? Learn what banks, credit unions, and others subject to CECL accounting can expect from this risk management process. Model validation is a crucial aspect of model risk management.

Risk Management

Risk Management Handbook Analysis Management

The top lending & credit risk blogs of the year

Abrigo

DECEMBER 22, 2023

Read the blog for information that can help lenders avoid risk before the project begins by planning ahead at the closing table. This blog outlines the significance of credit risk ratings and regulatory priorities related to credit grading. Then once PPP was over, some went back to our old manual processes and never looked back.

Lending

Lending Risk Management Community Management

A new era of technology enabled financial risk management: Advanced analytics and aggregation

Insights on Business

JULY 30, 2019

Banks and financials institutions regularly work with complicated analytical and reporting challenges, but a continuing concern is successfully aggregating and using the data produced by various systems and stored in multiple locations.Such challenges are well-documented. Learn more about IBM regulatory technology at ibm.com/RegTech.

Risk Management

Risk Management Analytics Technology Management

Examining industries: The importance of industry analysis for financial institutions

Abrigo

OCTOBER 10, 2023

How industry analysis can improve your credit risk management Understanding your customers' businesses leads to better loan pricing, structure, and risk management. You might also like this webinar series, "Tackling common credit risk questions during challenging times." Get more credit risk best practices.

Analysis

Analysis Industry Risk Management Lending

Getting model risk management right

ABA Community Banking

OCTOBER 3, 2016

Good model stewardship demands policies, sound data, education, documentation, and follow-through ALCO Bank Performance Management Financial Trends Risk Management Rate Risk ALCO Beat.

Risk Management

Risk Management Management Policies Trends

CRE loan distress: Spot the symptoms, diagnose, and treat problem loans

Abrigo

MARCH 13, 2024

Takeaway 2 Address early warning signs immediately so you don't risk liability that could lead to the financial institution losing the CRE loan's collateral. Takeaway 3 To triage a CRE loan in workout, first re-engage the deal team and conduct a comprehensive review of the loan documents.

Strategy

Strategy Course Meeting Taxes

Optimizing small business lending: Best practices and strategies

Abrigo

MAY 2, 2024

Compliance and Risk Management: The loan policy ensures that the lending function operates within the regulatory and compliance framework. It also outlines the risk management practices that need to be followed when evaluating small business lending opportunities.

Lending

Lending Strategy Analysis Policies

DFS500 Amendments: What You Need to Know

Perficient

FEBRUARY 15, 2024

These DFS500 amendments signal a crucial shift in the regulatory landscape, emphasizing the imperative for robust governance, risk management, and compliance frameworks across the financial industry. Issues and Findings Management: Document issues and gaps identified during risk assessments and control testing, crucial for compliance.

Compliance

Compliance New York Regulation Analysis

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

Abrigo

MAY 10, 2021

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. Without this, staff must engage in back-and-forth emails or phone calls to check the status of a loan.

System

System Lending Analysis Software

Preparing your financial institution to manage loan workouts, loan modifications

Abrigo

OCTOBER 28, 2022

Managing loan workouts and modifications Tips for preparing your bank or credit union to handle an increased volume of problem loans while ensuring prudent credit risk management. You might also like this video, "A look at credit risk in a rising-rate environment." CRE loan accommodations.

Management

Management Risk Management Policies Lending

The importance of balancing loan portfolio growth and risk management

Abrigo

OCTOBER 23, 2014

Second, there must be long-term commitment from senior management to the loan review program, ensuring it is conducted properly and results are used effectively. Examples include the loan sample, consumer loan portfolio and documentation review.

Risk Management

Risk Management Management Lending Resources

5 reasons construction loan software is vital for financial institutions

Abrigo

OCTOBER 18, 2022

Construction loans are a major source of income for many financial institutions, but the complexity of these long-term projects requires many stakeholders, documents, signatures, and approvals. The software allows builders to upload documents and photos from the field, manage their finances, and track project progress all in one place.

Software

Software Lending System Management

How construction loan administration can help you

Abrigo

SEPTEMBER 28, 2022

They are usually long-term and require a lot of documentation to be submitted to the lender by stakeholders. For example, inspectors can submit documentation on their phones or tablets from the construction site instead of returning to the office to submit it. Software can automate the process of managing construction loans.

Lending

Lending Software Customer Experience Management

NYSDFS Part 500 Cyber Amendments Finalized: What You Need to Know

Perficient

FEBRUARY 15, 2024

This blog was co-authored by Perficient Risk and Regulatory CoE Member: Alicia Lawrence The announcement of significant amendments to the New York State Department of Financial Services (NYSDFS) regulations on December 1, 2023, represents a pivotal moment for entities operating within New York’s financial sector.

New York

New York Compliance Regulation Analysis

Bank Regulators Seeking Comments on the Use of AI and ML in the Industry

Perficient

APRIL 2, 2021

Risk Management. AI may be used to augment risk management and control practices. AI can assist internal audit and independent risk management to increase sample size (such as for testing), evaluate risk, and refer higher-risk issues to human analysts. Textual analysis. Cybersecurity.

Regulation

Regulation Industry Risk Management Analysis

The benefits of construction loan management software

Abrigo

SEPTEMBER 29, 2022

They are usually long-term and require a lot of documentation to be submitted to the lender by stakeholders. For example, inspectors can submit documentation on their phones or tablets from the construction site instead of returning to the office to submit it. Software can automate the process of managing construction loans.

Software

Software Management Lending Tools

Introducing Our Partnership with Kyriba

Perficient

OCTOBER 12, 2020

Named a leader by IDC for treasury and finance, Kyriba optimizes cash and risk management, payments and working capital strategies through a highly secure Software-as-a-Service platform. New compliance standards from SWIFT now require internal SWIFT domain expertise with annual certifications and annual documentation.

Risk Management

Risk Management Fraud Management Compliance

Loan Admin 101 – Effective Loan Administration Crucial in Pandemic Era

Abrigo

NOVEMBER 9, 2020

However, effective loan administration solutions or systems will help lenders avoid the most common documentation- and data-related deficiencies found during examinations. Is the financial institution’s loan administration software or system prompting action to be taken where warranted and documenting that action? stay informed.

System

System Lending Software Risk Management

Construction draw software: How to automate loans

Abrigo

OCTOBER 18, 2022

The basic functionality of construction loan management software For most financial institutions, a construction draw request consists of several sets of documents including budgets, receipts, and lien releases submitted by the contractor or developer to the lending institution. Stay up to date on credit risk. keep me informed.

Software

Software How To Lending Management

How to Choose a Hedge Provider as a Bank

South State Correspondent

AUGUST 21, 2022

The first decision a community bank must make in choosing a hedging program is if they will subject their commercial customers to ISDA documents. Most community banks do not have a large universe of customers and prospects that would embrace complex and esoteric documentation.

How To

How To Community Bank Community FDIC

Future-Proofing Financial Services: Rule 3110 Updates Empower Brokers

Perficient

JANUARY 3, 2024

Member firms are responsible for conducting and documenting a risk assessment for remote locations. When an announcement is made, Perficient’s Risk Management and Regulatory Capabilities Center of Excellence is dedicated to keeping the public informed. Contact us today!

Compliance

Compliance Risk Management Regulation Industry

IBM OpenPages with Watson named one of 2019 Gartner Peer Insights Customers’ Choice

Insights on Business

OCTOBER 23, 2019

IBM OpenPages with Watson has been named one of the 2019 Gartner Peer Insights Customers’ Choice for Integrated Risk Management Solutions. We have been named as a Leader in the 2019 Gartner Magic Quadrant for Integrated Risk Management Solutions as well as a Leader in the 2019 Gartner Magic Quadrant for IT Risk Management.**.

Risk Management

Risk Management Compliance Management Policies

AIC: Regulators must act on Esma review

Bobsguide

APRIL 13, 2021

Action must be taken following the European Securities and Markets Authority (Esma)’s review into Ucits liquidity risk management and market practices which identified shortcomings in documentation, procedures and how methodologies are compiled. “Without effective regulation in the.

Regulation

Regulation Risk Management Security Marketing

A thoughtful approach to generative AI

Abrigo

SEPTEMBER 11, 2023

Takeaway 2 AI can lead to more accurate and consistent outputs or predictions, better risk management, and improved customer experiences. DOWNLOAD Takeaway 1 With generative AI technology improving by the day, the question is not if the banking industry will utilize it, but when.

Risk Management

Risk Management Data Technology Fintech

Key Lender Steps Before Using the SBA’s PPP Forgiveness Platform

Abrigo

AUGUST 11, 2020

It's also a good idea to review thoroughly any documentation that lenders plan to submit along with their decisions. Checking documentation for PPP forgiveness decisions. Key Takeaways The SBA's PPP Forgiveness Platform opened to lenders on Aug. The SBA PPP Forgiveness Platform opened Aug.

Lending

Lending Risk Management Payments Survey

Key Lender Steps Before Using the SBA’s PPP Forgiveness Platform

Abrigo

AUGUST 11, 2020

It's also a good idea to review thoroughly any documentation that lenders plan to submit along with their decisions. Checking documentation for PPP forgiveness decisions. Key Takeaways The SBA's PPP Forgiveness Platform opened to lenders on Aug. The SBA PPP Forgiveness Platform opened Aug.

Lending

Lending Risk Management Training Analysis

Credit union FAQs: Implementing the new MBL rule

Abrigo

JULY 6, 2017

The new MBL rule “takes a more principles-based approach to managing a commercial loan program and allows management to tailor appropriate risk-management practices to suit their individual circumstances.” Having extensive, well-documented risk management procedures is key.

Risk Management

Risk Management Lending Policies Management

Developing loan reviewer training: What personnel need for success

Abrigo

MAY 19, 2023

There is a well-documented shortage of junior reviewers, which means loan review units need to recruit people short on education, training, and experience. In addition, they should be familiar with pertinent laws and regulations affecting credit and lending activities.

Training

Training Lending Risk Management Guidelines

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

Abrigo

MARCH 24, 2023

Best practices for your BSA/AML risk assessment Learn top tips for creating a risk assessment to capture your credit union's risk. You might also like this resource: "BSA/AML risk assessment checklist." READ Takeaway 1 Documentation is one of the most critical aspects of performing a risk assessment.

Fraud

Fraud Compliance Examples Analysis

Food for Thought: A Policy on Credit Exceptions

Abrigo

SEPTEMBER 5, 2023

3 categories of credit exceptions I would divide exceptions into three categories: structural credit exceptions, account management exceptions, and documentation exceptions. For example, documentation would encompass perfection, administrative (insurance, UCC-11s, etc.), and property tax payments.

Policies

Policies Lending Risk Management Examples

3 Keys to Effective Loan Review

Abrigo

DECEMBER 1, 2021

There will always be risks inherent in loan portfolios, and effective portfolio management and loan control functions are critical to the overall risk management function of banks and credit unions. There are several issues to consider here, such as the loan sample, the consumer loan portfolio, and documentation review.

Risk Management

Risk Management Lending Policies Management

Commercial Credit Analysis 101: Back to Basics

Abrigo

MARCH 3, 2021

Takeaway 1 Understanding credit risk and assigning risk to loans is the foundation of credit analysis. . Takeaway 3 Credit memos can be one of the most difficult, yet important, documents to the life of the loan. Throughout the past year, emphasis on credit analysis and credit risk has never felt so important. Learn More.

Analysis

Analysis Risk Management Lending Training

CRE risk management: Navigating hazards and opportunities

Best practices for credit risk management in uncertain times

Webinars

Trending Sources

Model Risk Management: Regulatory Priorities and Best Practices

Webinars

Cyber Complications for Vendor Risk Management

Cyber Complications for Vendor Risk Management

Combating inconsistency in risk management

3rd annual Risk Management Summit proves “valuable” and “insightful”

Get your ducks in a row: HVCRE risk management

Avoiding Client Remediation With RCSA (Part 3 of 3)

Esker Adds More Visibility, Risk Management To Supplier Solution

Credit administration department housekeeping: Practical steps for improvement

Decoding SVB’s Failure & FDIC’s Special Assessment

Effective CECL model validation: A framework

The top lending & credit risk blogs of the year

A new era of technology enabled financial risk management: Advanced analytics and aggregation

Examining industries: The importance of industry analysis for financial institutions

Getting model risk management right

CRE loan distress: Spot the symptoms, diagnose, and treat problem loans

Optimizing small business lending: Best practices and strategies

DFS500 Amendments: What You Need to Know

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

Preparing your financial institution to manage loan workouts, loan modifications

The importance of balancing loan portfolio growth and risk management

5 reasons construction loan software is vital for financial institutions

How construction loan administration can help you

NYSDFS Part 500 Cyber Amendments Finalized: What You Need to Know

Bank Regulators Seeking Comments on the Use of AI and ML in the Industry

The benefits of construction loan management software

Introducing Our Partnership with Kyriba

Loan Admin 101 – Effective Loan Administration Crucial in Pandemic Era

Construction draw software: How to automate loans

How to Choose a Hedge Provider as a Bank

Future-Proofing Financial Services: Rule 3110 Updates Empower Brokers

IBM OpenPages with Watson named one of 2019 Gartner Peer Insights Customers’ Choice

AIC: Regulators must act on Esma review

A thoughtful approach to generative AI

Key Lender Steps Before Using the SBA’s PPP Forgiveness Platform

Key Lender Steps Before Using the SBA’s PPP Forgiveness Platform

Credit union FAQs: Implementing the new MBL rule

Developing loan reviewer training: What personnel need for success

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

Food for Thought: A Policy on Credit Exceptions

3 Keys to Effective Loan Review

Commercial Credit Analysis 101: Back to Basics

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