TOPIC: Small Banks

How Community Financial Institutions Can Effectively Implement Loan Origination Software | Webinar | Nov. 19

Tuesday, November 19 | 2 p.m. ET / 1 p.m. CT
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Community financial institutions operate in a world of increasing competition, increasing regulatory requirements, and changing customer expectations. Software and automation can help tackle these challenges. Join us for a free webinar to learn how loan origination software can drive efficiency and, ultimately, loan growth at your institution.

Key takeaways:
  
  • Current market conditions and trends across the industry  
  • Ways financial institutions can make successful software transitions

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    Which CECL methodologies are best for your portfolio?

    Given that the #CECL model is non-prescriptive, banks and credit unions have flexibility in choosing the right CECL methodologies for their institution’s unique data situation. This flexibility often leads bankers to one simple question: Where do I begin?

    In this complimentary infographic, learn about the 7 methodologies available to use and when they are or are not recommended: https://www.web.abrigo.com/cecl-methodologies-cbanc 

      Trade Show Raffle Compliance

      Employee at a bank ($148MUSA)
      Our bank is looking to participate in a trade show event, where we will be doing a raffle for prizes (under $600). In order to participate in the raffle, we will have to collect personal information. What are the restrictions/limitations and how can we word it, so we can contact them via phone, text or email? Does anyone have a template of a raffle they have recently used?

        Free Webinar | Best Practices for Credit Analysts at Banks

        Monday, October 21
        2 p.m. EST/ 1 p.m. CST
        Register 

        Current economic conditions seem to suggest that the next U.S economic downturn is on the horizon. With that in mind, it is becoming increasingly important to have the right credit policies and procedures in place to ensure your institution understands its customers and members throughout the lending process.

        Join this webinar session to learn common best practices for credit analysts when dealing with current and future market conditions.

        Join to Learn:  
        • Best practices for loan and financial statement analysis  
        • How to identify problem loans and the benefits of early detection 
        • Way to optimize deal flow 
        Presenter: Ancin Cooley, Principal, Synergy Bank Consulting

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          Lendwell Demo Video

           "In the last few weeks, you've likely heard about Lendwell, a mortgage settlement platform that offers multiple services in one convenient location. A common question that we have received is, "What does the process look like in Lendwell?”. 

          To answer that question, we've put together a short demo so that you can see how simple the ordering processing is with Lendwell. If you have any questions or if you're ready to try Lendwell for yourself, please reach out to us at hello@lendwell.com. We can get you set up today.

          https://videos.sproutvideo.com/embed/a49ddbb61d18efcb2c/5e8c3c5ea10e53fb 

            Banks and Credit Unions: Break Down Your Data Silos to Build Up Your Revenue!

            When your account holder data is spread across disparate systems in multiple lines of business, every aspect of your organization’s performance is impeded from acquisition to onboarding to retention – meaning that your institution has likely missed critical service and marketing opportunities in your account holders’ journeys.
             
            Banks and credit unions that are seeking to become more efficient, productive and agile need to centralize their data into a unified platform.
             
            Download our free white paper to learn about the many ways you can build up your financial institution’s revenue by breaking down your data silos! 

              FAIR LENDING: (HMDA)

              With the adopted amendments to Regulation C, referred to by the Consumer Financial Protection Bureau (CFPB) as the “Final Rule.” It brings with it a potential set of new challenges. The Final Rule adds 25 new data elements to the existing LAR data set, modifies, and expands many other existing elements. The lack of certain loan-level information in the current LAR data set has resulted in regulatory and enforcement agencies’ allegations of disparate treatment redlining based primarily on a statistical analysis of a mortgage lender’s application or origination rate in comparison with that of other mortgage lenders that are deemed to be its peers. Do the new data elements in the Final Rule improve fair lending or do they just allow for other areas of fair lending analysis to emerge and therefore present new challenges for mortgage lenders? Let me know what you think!