Loan Review Services
Risk management is crucial for financial institutions today, and loan review is no exception. Regulators frequently recommend engaging an independent loan review function. Whether a one-time review is required within a defined scope or periodic ongoing reviews, work with seasoned loan review professionals to confirm the quality and consistency of risk ratings and credit administration.
Our loan review team is comprised of seasoned credit specialists with an average of over 20 years of credit and lending experience. They provide consultative services to help clients proactively develop best practices and risk management strategies.
The review will be documented in an individual line sheet for each borrower which will address:
- Credit quality, including underwriting and borrower performance
- Sufficiency of credit and collateral documentation
- Proper approval by the loan officer and loan committee(s)
- Adherence to any loan agreement covenants
- Compliance with internal policies and procedures (such as aging, nonaccrual, and classification or grading policies) and laws and regulations
- Appropriate identification of individually impaired loans, measurement of estimated loan impairment, and timeliness of charge-offs
At the conclusion of the review, an Executive Management Letter is prepared for the Supervisory Committee.
Learn more about Wipfli’s solutions
Talk to one of our CUNA Strategic Services alliance managers to learn more about Wipfli. We’ll help you identify and evaluate the best solution for your credit union.