The software also gives management greater visibility into the health of the portfolio. With Abrigo Loan Review, financial institutions can easily monitor portfolio health with actionable reports and uncover problematic loans earlier. All documents are securely stored in the same system as the entire lending process, and data is centralized and aggregated to help banks and credit unions identify and track where loans are in the process. review. Abrigo Loan Review is configurable to meet the unique standards and risk appetite of each financial institution.
“Rigorous loan review is not only important for examiners, it is also good for the business of financial institutions,” said Jay blandford, president at Abrigo. “We are thrilled with the launch of Abrigo Loan Review as it gives financial institutions the tools they need to maximize efficiency and transparency in the loan review process and respond more quickly to any red flags in wallet. “
Financial institutions can start implementing Abrigo Loan Review today. To learn more about the software or how to get started, visit www.abrigo.com/software/lending-and-credit-risk/sageworks-credit-risk-software/loan-review/.
Abrigo empowers U.S. financial institutions to support their communities with technology that fights financial crime, increases loans and deposits, and optimizes risk. Abrigo’s platform centralizes institutional data, creates a digital user experience, ensures compliance, and delivers large-scale efficiency and profitable growth. Visit www.abrigo.com to learn more. Follow Abrigo on social media using @WeAreAbrigo.