UNDERWRITING SERVICES
An effective underwriting process is crucial for managing credit risk and must be completed before submitting a loan for approval. It requires a credit union to thoroughly understand a borrower’s operations, financial capacity, and associated risks. Let the experts at CU Strategic Services assist your credit union in ensuring loans are appropriately structured for the borrower’s needs, risks are properly identified and mitigated, and the borrower has the financial ability to meet the repayment requirements.
Comprehensive Risk Identification and Assessment
Our contract underwriting service provides credit unions with a thorough evaluation focusing on risk identification, borrower repayment ability, and collateral assessment, which ensures that credit unions can make informed decisions without the need for additional in-house analysts or resources.
Independent and Detailed Credit Analysis
CU Strategic Services delivers an unbiased, third-party review of credit opportunities, complete with detailed financial and collateral analyses, risk identification, and recommended loan closing conditions and covenants.
Ongoing Portfolio Integrity and Compliance
Let our team conduct periodic (annual) loan reviews to help credit unions maintain the integrity and compliance of their commercial loan portfolios.
Contract Underwriting
CU Strategic Services offers a comprehensive underwriting review for your credit union, evaluating the borrower's repayment ability, collateral, and providing necessary information for informed credit decisions. The credit union retains final approval authority, as CU Strategic Services does not make approval or declination decisions. Instead, they deliver detailed credit, financial, and collateral analysis, risk identification, and recommended loan conditions and covenants, tailored to the credit union's commercial loan policy.
Periodic Loan Reviews
Let the team at CU Strategic Services help you maintain the integrity of your commercial loan portfolio. Our team can perform the periodic (annual) reviews of the loans in your portfolio to help you stay in compliance and ensure continued risk identification and management. Our reviews include the financial analysis of the provided financial data, tax returns and credit reports, as well as a preparation of a sensitivity analysis, updated collateral analysis where applicable, comparison to industry standard (RMA Data) and an updated risk rating.
Appraisal Reviews
Our team will verify the accuracy of the data used in the appraisal, including property details, comparable sales, and market trends. Any discrepancies or inconsistencies will be identified and addressed. We also examine the provided documentation, including photographs, maps, and supporting data, to ensure it adequately supports the appraiser's conclusions.
Frequently Asked Questions
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Yes, our team of very seasoned underwriters are available to underwrite commercial loans for you. Contact us for more information.
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Our team is committed to underwriting in strict accordance with your credit union’s commercial lending policy. We thoroughly review your policy to ensure our staff is well-versed in all relevant credit underwriting standards.
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Yes, we can use your risk rating matrix as long as it is in a compatible format. If you don't have a risk rating matrix, no worries! We offer a well-tested matrix that provides a comprehensive measurement of the risk associated with each loan request.
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Yes; because we do not require annual membership fees, all services are offered on an a la carte basis, so you can use our services whenever you need them.
Ready to join forces?
Contact us for a custom proposal based on your credit union’s needs.