Our Services
Credit Underwriting
Today many financial institutions have embraced outsourcing in order to stimulate growth and earnings. Outsourcing underwriting can clear loan backlogs and accelerate loan approvals. Optimized and executed properly, loan outsourcing saves money and expands the talent pool.
Financial institutions benefit from leaner and more efficient loan departments.
The process must be skillful, accurate, analytical, logical, informative and presentable. Appropriate loan underwriting expertise provides the following specific benefits:
- Increases objectivity
- Decrease loan underwriting risks
- Increase loan processing capacity
- Reduces analytical errors
- Enhances loan profitability
Loan Review
The purpose of independent loan review is to make the financial institution aware of the quality of their portfolio and identify potentially troubled loan relationship as early as possible. This process includes evaluations of asset quality, internal controls and the administrative procedures.
Loan review is the key to effective credit risk management for the financial institution.
ECO provides commercial loan reviews that focus on the following:
- The accuracy of credit grades assigned by the lenders
- Concentration risks
- The quality of credit underwriting
- Deviations from loan policy guidelines
- Borrowers’ compliance with loan covenants
Credit Training
Lenders need to be skilled in the small business lending in order to converse with the borrower and obtain the information needed for underwriting. Training is tailored to fit the skill set of the beginning lenders to refreshers for the experienced lenders. Topics that you desire may be offered.
Knowledge is power and training is the key to knowledge.
ECO provides training on the following:
- Identifying the borrowing needs.
- Identifying non-financial information for Underwriting.
- Personal Financial Analysis
- Small Business Financial Analysis for Operating Businesses and Real Estate Holding Entities