Everyone has been impacted by the COVID-19 global pandemic in some way or another, and the agricultural industry is no different. This paper outlines three areas of impact from COVID-19 that lenders to the ag industry will want to continue to evaluate in 2021: farm income, loan demand, and credit risk.
Download to learn:
- The key questions ag lenders should be asking as they approach lending season
- What is causing the current lack of demand for ag loans
- The effect government payments have had on the farm economy
In this report, Lenders' Perspectives: Commercial Loan Origination Automation, Aite-Novarica Group gathered lender reviews of commercial loan origination (CLO) software providers. The report highlights product features, client service, cost value, ease of loan origination system implementation, and more across the market.
Aite-Novarica is an independent research and advisory firm focused on business, technology, and regulatory issues and their impact on the financial services industry.
It is critical for financial institutions to have a partner to support a more streamlined and digital lending process. Aite-Novarica's examination of lender reviews of leading CLO providers offers valuable information.
Download to learn:
- Key market trends and implications
- Leading vendors of loan management software
- Strengths and weaknesses of top CLO providers per client references
Download to Learn:
Results and participation in the Paycheck Protection Program
Why loan workouts are a concern and what implications institutions think they will cause
The impact of the coronavirus on current and future CECL transition plans
The importance of a strategy going forward to protect credit quality and drive growth
Throughout the month of May, Abrigo polled more than 100 C-suite employees at community financial institutions across the country to gauge sentiment regarding the current state of the financial services industry. The survey aims to discern the top obstacles, strategies, and pressures the industry is currently grappling with. Using the results of this survey, financial institutions can learn from one another to tackle common challenges and manage customer expectations during this time.
- Market trends and implications uncovered by Aite
- Key statistics on leading Loan Origination Systems (LOS) vendors
- Strength and weaknesses of Abrigo
- The Aite Matrix Evaluation used as a foundation for the report
For the third year in a row, Abrigo (formerly MST, Sageworks, and Bankers Toolbox) surveyed 125 individuals at a wide range of financial institutions to gauge CECL preparedness. The 2019 survey shows that as the Q1 2020 compliance date looms for SEC registrants, institutions of all types are making progress – but not enough, according to CECL experts.
“The clock is ticking,” said Abrigo Senior Director of Advisory Services Regan Camp. “While many financial institutions are taking the necessary steps to make sure they are prepared for this important change in accounting for credit losses, it’s clear that others are falling behind their peers.”
Download the 2019 CECL survey results to learn:
- The decisions that institutions are making in the CECL transition
- How much progress has been made in 2019 compared to previous years
- The differing results between SEC filers, community and mid-market banks, and credit unions
