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Post-Default Environmental Risk Management for SBA Lenders

Jimerson Firm

If a borrower defaults on a SBA loan, the lender or CDC must assess the environmental risk of contamination before conducting any liquidation action that could result in a loss, or otherwise increase the risk of loss, due to the actual or alleged presence of contamination. SOP 50 10 5(E), Appendix 2. SOP 50 57 2 ; SOP 50 55.

Lender 76
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Top 5 Customer Development Posts of 2020: COVID and Beyond   

Fico Collections

FICO’s suite of interconnected Acquisition, Origination, and Growth capabilities for Telecommunications helps organizations do exactly that. If you’re interested in making smarter, faster acquisition and retention decisions, we’d love to talk with you. . #2. FICO Loan Origination Solution Awarded Best-In-Class.

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Analysis: Money market woes cast shadow over $1.6 trln UK commercial property sector

Collection Industry News

LONDON, Oct 21 (Reuters) – Owners of Britain’s largest malls, skyscrapers and industrial hubs face hikes in borrowing costs and a recession that could depress prices by up to a fifth, forcing lenders and investors to reassess their appetite for commercial property. But the government’s Sept. HSBC (HSBA.L)

Retail 40
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US Banks Feeling The Economic Slowdown As Profits Fall

Collection Industry News

Year-on-year profits for the third quarter dropped across all the main financial groups on Wall Street due to slower investment banking activity and more provisioning of safety funds to cover potential loan losses, despite the fact that rising interest rates also pushed up their revenue. If the big six released $4.5

Banks 40
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Mibanco Expands Microlending, Helps Customers During Pandemic

Fico Collections

Loans That Improve Lives. million loans worth about USD$3.7B These loans are often life-changing, allowing individuals to build businesses, access housing and education. Mibanco’s goal is to expand access to credit for the unbanked or credit invisible,” said Sebastián Valera, risk transformation manager at Mibanco.

Loans 52
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Top 5 Customer Development Posts of 2022: Digital Banking and Pricing Opti

Fico Collections

Home Blog FICO Top 5 Customer Development Posts of 2022: Digital Banking and Pricing Opti The most popular posts in our Customer Development category dealt with digital banking, optimizing credit line increases, loan pricing and machine learning for credit risk models. Here are extracts from those customer development posts.

Banks 52
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CFPB Supervisory Report Finds Issues in Several Financial Institution Practices

Troutman Sanders

Summarized below are those issues identified in the areas of auto servicing, consumer reporting, credit card account management, debt collection, deposits, mortgage origination, prepaid accounts, remittances, and student loan servicing. Student Loan Servicing. Auto Servicing. The CFPB sees wrongful repossessions everywhere.