Working with as many community banks and credit unions as we do, we have found that each follows unique loan origination processes and uses certain definitions (or even terms) for each stage of the process. Despite the differences between financial institutions, one...
Happy new year! The first thing I do before looking forward is to look back at the past year and reflect on what was achieved and where we came up short. 2019 shaped up to be another great year at Suntell on the heels of a very good 2018. We welcomed 12 new community...
While SEC registered financial institutions are readying for the current expected credit loss (CECL’s) implementation deadline in first quarter of 2020, community banks and credit unions are not far behind with their own planning and measures. As always is the case,...
How Credit Risk Management Software Will Help Streamline the CECL Implementation Process The Financial Accounting Standards Board, better known as the FASB, is giving smaller lenders like community banks and nonprofit credit unions more time to prepare for and...
This month, we are featuring our Senior Developer, Cem Oguzhan. Cem has been with Suntell for 13 years and would find the Loan Presentation and Credit Analysis areas most helpful if he worked for a bank or credit union. Cem is honest, reliable, and intelligent and...
In my previous quarterly blog, I discussed 5 key areas to review as a form of an annual or periodic internal health checkup of your lending environment as a preemptive mitigation of potentially increasing risks resulting from a future economic recession. Because I...
Offered the first and third Wednesday of each month, these are free live webinars on specific topics. Each session is approximately 30 minutes in length and conducted by a knowledgeable training specialist, with time at the end of the session to ask questions. Log-in to our Support Portal for information on how to join and upcoming topics. Click here to register for sessions You must be a current Suntell customer to attend.
