article thumbnail

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

Abrigo

Here’s how banks and credit unions with strong CRE risk management can identify weakening property loans, assess them, triage them, and assist with their prognosis and treatment. Beyond a hard money default due to a payment or maturity event, early warning signs for CRE loans typically manifest as a : Failure to pay real estate taxes.

Strategy 221
article thumbnail

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

Abrigo

Takeaway 2 Process management features of a loan origination system help manage the workflow, from analysis through closing. Analysis features of the LOS An LOS automates the spreading of financials from tax returns and financial statements to expedite underwriting. Lending & Credit Risk. Portfolio Risk & CECL.

System 195
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

What are opportunities for accountants to provide advisory services?

Abrigo

Accounting, audit and tax services are unlikely to be the growth engines of the accounting profession in the coming years. The weeks and months following the end of tax and audit seasons represent an excellent time for firm leaders to take stock of their accounting practices and the services clients may need.

Exercises 150
article thumbnail

3 Accounting clients who need a ProfitCents report

Abrigo

client This business owner tends to slip in questions about managing business finances at the end of a meeting or a call related to something entirely different. For example, a discussion about preparing tax returns ends with what the owner thinks may be a simple question about how to get clients to pay more quickly.

Report 150
article thumbnail

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

Abrigo

Step two Identify inherent risk vs. residual risk Inherent risk is any activity or factor posed to the credit union, notwithstanding applying any management or risk mitigation tools. This example is a situation with a "high" inherent risk and "strong" mitigating controls. If so, how is this monitored?

Fraud 195
article thumbnail

DIY Fraud Management: Five Things To Know About Building Your Team

PYMNTS

But for a company planning to build an internal team to manage and prevent fraud 24/7, it’s important to understand the value and limitations of this approach. AI never sleeps (and, Fox added, a professional risk management organization offers 24/7 monitoring). That means a lot of money will still be left on the table.

Fraud 101
article thumbnail

Canadian Fintech Market Map

CB Insights

Download the CB Insights and PwC Canada MoneyTree report to see all the data. Companies in this subcategory (1) provide technology to accounting and tax, bookkeeping, and expense management players, or (2) leverage technology to provide these services directly to end-users. GET THE ENTIRE 41-PAGE CANADA VC REPORT H1 2019.

Fintech 93