February 2025

How to Maximize the Benefit of an External Loan Review
Loan Review Series: Part 1 of 3

By: Kevin Graff, President

Third-party loan reviews can be an excellent way to manage a variety of risks a financial institution is exposed to.  These can include credit underwriting, credit administration, and reputational risks.  A loan review should provide insights into the effectiveness of the risk rating process, credit underwriting and credit administration function. 

Leveraging the overall loan review process will result in a more effective loan review.  Up-front time preparing for the review will maximize the return on investment in the loan review process.   Every loan review firm has their own approach to a loan review engagement. While the specific steps and processes may differ, they all require timely access to the credit file information and the appropriate personnel from the financial institution. 

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