TOPIC: Small Banks

Freddie Mac PRE closing quality control checklist

Director at a Company (USA)
Originally Posted by Douglas Omernik, Compliance Officer of Premiere Community Bank, on 19 Oct 2012 to CBANC FI Professionals Community.

Developed this form in response to Freddie Mac rules that require pre-closing loan reviews. We are a small community bank that does a lot of Freddie Mac loans. This works well for us, hope you find it useful.

    Small Commercial Loans

    Director at a Company (USA)
    Originally Posted by Chris Olney, Senior Vice President / Chief Credit Officer of North Valley Bank, on 23 May 2019 to CBANC FI Professionals Community.

         Would anyone be willing to share how "small" commercial loans are underwritten at their bank?  Do you have a streamlined presentation and approval process?  Do you use a scoring model, either purchased or developed in-house? Thanks!  

      New CBANC member benefit: CBANC Network announces the acquisition of Lendwell

      Director at a Company (USA)
      Originally Posted by Mike Snavely, Chief Commercial Officer of CBANC, on 30 Apr 2019 to CBANC FI Professionals Community.

           Pleased to announce a new benefit for the CBANC community.  We've acquired Lendwell, a mortgage settlement services provider used by hundreds of small- and mid-sized FIs. 

      Our acquisition of Lendwell is the next step in our strategy of unlocking the power of cooperation and the collective purchasing power of thousands of financial institutions within the CBANC Network. The Lendwell platform will help our network members reduce the cost of lending operations while improving their ability to serve their customers.

      FIs can expect to save up to two hours of time per mortgage file and 15-20% on services like AVMs, property assessments, flood certifications and many others. Best of all, there's no up front fee for CBANC members, and it'll take about half an hour to get up and running with Lendwell.

                Learn more and start the sign-up process at

        Data Loss Prevention Strategy

        Employee at a bank ($500MUSA)
        I just started my role as Information Security Officer for a small bank based in Mass.  We are looking to strengthen our data loss prevention program which includes proper data classification and DLP policies and procedures. 

        I am wondering if anyone might be willing to share their strategies for enhancing this program as well as any template matrices/policies that may be beneficial.

        Eventually, we will be in the market for software to monitor DLP.  In the past, i have worked with Symantec's email DLP solution and Forcepoint's web DLP solution.  Does anyone have any recommendations for other solutions or further justification for Symantec/Forcepoint?

        Thank you!

          Why Community Banks Need to Offer Dynamic Overdraft Limits

          There are many proverbs about the consequences of "standing still" and how the concept connotes inertia, or the lack of progress or growth. One well-known example is attributed to author Timothy Ferris: "Many a false step was made by standing still." While the concept is applicable to many things like major life decisions, risk-taking and business models, it also can be accurately attributed to overdraft limits. Are your limits standing still? In other words, are you offering only static, one-size-fits-all limits? If so, chances are that your overdraft revenue is likewise static.

            Free Webinar | How to Build and Cultivate Relationships with Examiners - 1 CAMS credit, 1.25 CAFP, CFSSP, CRCM credits

            Register today

            Thursday, July 18 | 1 p.m. CST

            One of the most important business relationships your financial institution has is your relationship with examination staff from state and federal agencies, including the OCC, FDIC, Federal Reserve, and NCUA. A well-managed relationship needs tending even outside the exam window and should be nurtured by both sides on an ongoing basis. During this webinar, learn how to cultivate a collaborative relationship and effectively communicate with examiners.

            Join to learn:
            • Utilizing examiners as subject matter experts
            • Requesting examiner input and buy-in when making material business decisions
            • Addressing previously documented criticisms or recommendations
            • Knowing your escalation paths within the agencies
             Save your seat! 

              Fintech & Financial Institutions: Friends, Not Foes

              Financial technology, or fintech, is one of the fastest-growing industries in the world, forever transforming the way consumers bank. Thanks to the explosion of apps and online solutions these tech firms have pioneered, consumers are demanding their banks keep pace by offering fast, personal, always-available solutions if they want to retain their business. To overcome these challenges, banks must embrace the growing trend of collaborating with fintechs—working together to create a synergy that neither entity can achieve on its own.

                CDD: One Year Later | Survey Request

                It's officially been one year since the CDD rule went into affect. Have you had an exam since then? What aspects of CDD and beneficial ownership, if any, did the examiner focus on? 

                We're doing a short survey on the impact CDD is having on recent exams and would appreciate if you could take a few minutes to fill it out. We're happy to share the results if you participate. 

                Thank you! 


                  Free Webinar Thursday: Elder Financial Exploitation | Earn 1 CAMS, 1.25 CAFP, 1.25 CFSSP, and 1.25 CRCM credits

                  Thursday, June 20 | 1 p.m. CST/ 2 p.m. EST

                  Elder financial exploitation is a growing concern in our communities, and the more the U.S. population ages the faster crimes against the elderly will grow. Financial institutions have a unique position to observe this early and stop the activity prior to a victim being left financially destitute. In fact, in most states financial institution employees are mandatory reporters of elder abuse. This session will help you identify elder financial abuse in your community and help stop it before it’s too late.

                  Join to learn:
                  • Learn the red flags of elder financial exploitation
                  • How to train your front-line staff in identifying this crime
                  • When and how to properly file a SAR in an elder financial exploitation case
                  • Who to report in your state(s) and whether you’re a mandatory reporter
                  Register here: