Equifax Breach

SVP at a bank ($155MUSA)
Is anyone considering not reporting credit information to Equifax due to the breach? It is something we are considering but wanted to get feedback from peers prior to moving forward. thanks in advance.

Forged Item Procedures

Person at a bank ($70MUSA)
Since we are a relatively tiny bank it is pretty rare that we have a forged item. However, we are growing and we want to be prepared when the inevitable happens. Does anyone have any forgery procedures they can share to get me started? Thanks!!

Loan Origination Systems - Any Recomendations?

Manager at a bank ($981MUSA)
Hi fellow Bankers, A few weeks ago, we had a bombshell dropped on us. Our LOS Vendor was pulling the plug on our LOS systems - both of them (Mortgage and Consumer). They have given their entire customer base very little time to find something new. They are offering a few alternatives but they are not ideal. While we are normally proactive with these major decisions, we have been forced into being reactive on this. Some of you may be in the same boat as we are, but I'm trying to be non-biased, which is why I have not named the vendor or the product specifically. So I'll get right to the point: We are looing for an LOS system that can handle both Consumer Loans and Mortgages and has commercial capability. So I'm asking, what do YOU use? Is it capable of both Consumer and Mortgage? We have been doing a lot of research over the past week, and have found a few possibilities, but we do have some pre-requisites such as the LOS should ideally be an ON-Premises installation vs. Cloud.... Ideally, the Mortgage and Consumer solutions should NOT be two separate products, but if it comes to that, we are looking for the best products available. Our user base in about 120 employees, so we are talking about a LOS user base of around 50 people. Any suggestions or feedback is always appreciated. Thank you!

Loan Portfolio Risk Analytics-Analysis

CLO at a credit_union ($558MUSA)
Hello, I am looking for a new vendor to assess exposure to risk starting at the portfolio level, with drill-down access to loan-level details. Manage concentrations and the risk within concentrations that are reviewed by the NCUA examiners and consistently monitor Borrower Risk, Collateral Risk, Market Risk, Geographic Risk, and Concentration Risk. I currently use Loan-HD from Loanlogics that helps me to pull credit reports, order AVM valuation reports and search of property Liens. Thank you in advance for any recommendation. Marco Paredes

Growing communities on Instagram

Manager at a Company (USA)
If you want younger account holders, then you should consider incorporating Instagram as a marketing channel. Of course, it's not enough just to create a profile -- you have to attract an audience through consistent posting of engaging content. Join us tomorrow as we speak with David Glenwright of J.C. Social Media on how to use Instagram to develop communities; https://my.demio.com/ref/qycVNYZG1BsISsuj

VISA Account Updater Service

Manager at a bank ($302MUSA)
Are we required to allow our cardholders to opt out of the VISA card account updater service beginning this October? I thought it was mandatory, but now our card provider is indicating they only have two banks that are going to participate in the opt out. Can someone please direct us to what is actually required of the bank to be compliant?