For both a lender and a borrower, the loan application, underwriting and approval process can be stressful for any number of reasons. There is a sense of relief and accomplishment when the loan is approved. However, the potential for credit risk …
A client asked us to underwrite a loan to a wedding planner. The Borrower was an S-corporation that helps couples find all the vendors for a wedding (DJ, catering, florist, photographer, etc.). While we were reviewing the application, we …
Earlier this year we discussed prospect screening. A good screening process will help to weed out prospective Borrowers that don’t fit your institution’s credit risk profile. But, these processes aren’t perfect. How can declining a commercial loan …
Many lenders consider some form of pre-underwriting or executive summary as a way to help lenders sort out good prospects from the less desirable prospects. If your institution hasn’t implemented a customer selection process what can you do? …
Providing lenders with objective, cogent and high-quality commercial loan underwriting and portfolio analysis services.