Third-Party Portfolio Loan Reviews
Independent loan reviews are a critical internal control for a credit union’s commercial loan portfolio. These reviews play a vital role in ensuring the overall health and stability of the portfolio by providing an objective assessment of loan quality and adherence to lending standards.
Comprehensive and Detailed Portfolio Health Assessment
CU Strategic Services conducts thorough evaluations of your commercial loan department, assessing the overall health of your portfolio.
Holistic Review of Lending Operations
Our holistic approach helps identify risks and areas for improvement, ensuring your credit union's operations meet high standards.
Ongoing Risk Management
Our independent reviews help identify potential issues early, allowing for timely corrective actions and reinforcing your credit union’s commitment to financial integrity and sound lending practices.
Independent Portfolio Loan Reviews
Regular independent loan reviews serve as a crucial internal control for a credit union's commercial lending activities. These evaluations are essential for maintaining the strength and stability of the loan portfolio by offering an impartial analysis of loan quality and compliance with established lending criteria.
Independent Party Loan Reviews
The highly skilled reviewers at CU Strategic Services will thoroughly evaluate your commercial loan department to formally assess the health of your portfolio. These reviews are crucial for ensuring the stability and soundness of your lending activities. We will evaluate lending practices against federal and state regulations, industry best practices, and your internal commercial loan policy. Our team conducts a comprehensive examination of virtually all areas of commercial lending to identify risks and areas for improvement, focusing on the following:
- An evaluation of the Commercial Loan Departments' performance
- The adequacy of your credit union's policy and its adherence to NCUA § 723.4
- The adequacy of your credit union's procedures
- Staffing assessment to determine levels of expertise and appropriate staffing levels to effectively manage the commercial loan portfolio
- Loan administration processes
- The quality of underwriting
- Compliance with internal credit union policies, procedures, laws and regulations
- That loans are documented as approved and all conditions of approval are met
- Individual loan quality and accuracy of risk ratings
- Loan and collateral documentation
- Effectiveness of collection activity
- Volume and quality of workout and problem loan management
Frequently Asked Questions
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Contact us today for a comprehensive discussion about examination feedback and the scope of an independent portfolio loan review. We can assist your credit union in presenting the necessary information to regulators, demonstrating that your commercial lending department and portfolio have undergone an independent review.
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We tailor our pricing based on the size and complexity of your portfolio and department. The number of loans required to be reviewed, delinquency of portfolio, staffing size and several other metrics are considered when preparing a custom quote for your review.
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An independent review can be conducted remotely if your credit union maintains electronic files that are well organized and provide the reviewer with the ability to quickly and efficiently locate all documentation needed for the review. Contact us for more information.
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Our team has helped multiple credit unions with major regulatory issues up to and including Cease-and-Desist orders. Contact us today to discuss the regulatory findings and how we can help!
Ready to join forces?
Contact us for a custom proposal based on your credit union’s needs.