Have We Forgotten About the Great Recession?

Have We Forgotten About the Great Recession?

Since the last recession, the economy has experienced the longest upturn in decades. While this has created opportunities for growth, financial institutions may have forgotten some of the important lessons learned from the Great Recession, thus, loosening underwriting standards. As the economy expanded and the number of borrowers increased, for some, this led to complacent […]

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Proactive Vs. Reactive Exception Management

Proactive Vs. Reactive Exception Management

  When an institution makes a loan, it is always necessary to monitor specific requirements both before the loan is made and after the loan is booked. Exception management starts as soon as a loan request is received and continues through to payoff. Each loan made has policy, compliance or collateral requirements that must be […]

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