With the right approach, CECL implementation could mean current expected credit profit

Posted on October 17, 2018 at 10:00 AM by Baker Hill

From the moment it takes effect in 2020 and beyond, CECL will change how your financial institution operates.

The new accounting standard, which requires you to calculate the expected loss over the life of each loan and set aside reserves to cover those losses at origination, will impact how your financial institution views and manages risk.

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5 ways to push your business lending process along

Posted on October 11, 2018 at 2:20 PM by Mike Horrocks

This past week I was in Savannah, Georgia for work at a lending conference, and my hotel room overlooked the Savannah River.  I was minding my own business when something caught my eye and I looked out the window and saw a massive cargo ship coming down the river. It was pretty amazing to see this ship, towering over 165 feet in the air with all of its cargo, navigate this surprisingly narrow river.  I quickly turned my attention to the fleet of tugboats that were helping this monster find its way to the port where it could deliver its payload.  The tugboats paled in size compared to the cargo ship, but it made me think about the business lending process and how these larger deals can benefit from the help and guidance of others.  To navigate the approvals and the credit policies you may have at your financial institution, successful lenders need to remember that they simply cannot do it alone.  Here are five ways you can ensure your commercial lending process is efficient and effective.

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Three steps you can take to maximize your financial institution’s brand awareness

Posted on October 5, 2018 at 11:00 AM by Baker Hill

A top concern among organizations across industries is a lack of brand awareness, which is the degree of familiarity consumers have with a specific brand. It is what allows an organization to differentiate itself from its competitors, build an audience and ultimately, acquire new customers. Your financial institution likely has great things to offer, but without a unified brand, your target audience may not know you exist. Fortunately, the ability to consistently build that personal brand is within every institution’s reach.

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