Loan Review

Loan Review

The loan review process is crucial for the success of any community bank. It requires a structured approach with clear policies and procedures to ensure the timely identification of problem credits, asset quality, and accuracy. Well-defined classification guidelines are essential for consistent loan ratings, and the accounting for the allowance for loan and lease losses must adhere to generally accepted accounting principles (GAAP). This comprehensive course will challenge your understanding of credit review in today’s banking environment.

Regulatory authorities have reduced the frequency and scope of their examinations to manage escalating costs. As authorities lessen the depth of their examinations, they emphasize the need for banks, lenders, investors, and insurance companies to implement a robust risk management program.

Recent economic challenges, including record levels of delinquencies, foreclosures, mortgage fraud, ethical issues, imprudent underwriting, and breaches of contractual representations and warranties, have intensified the need for a thorough forensic review of loan files. This is to ensure the adequacy, consistency, and authenticity of the documents amid the current economic recession.

Knowledge Splice Services offers a comprehensive suite of financial services designed to meet the needs of banks, lenders, investors, monoline insurers, mortgage insurance companies, trustees, certificate holders, Federal Home Loan Banks, and law firms. Our services are tailored to help with loan review requirements and provide valuable insights for regulators and auditors through periodic reviews of both delinquent and newly-booked loans.